Hochschild Mining PLC Aclara Demerger Completion & Director Changes (3093V)
December 10 2021 - 9:59AM
UK Regulatory
TIDMHOC
RNS Number : 3093V
Hochschild Mining PLC
10 December 2021
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10 December 2021
Aclara Demerger Completion and Director & Senior Management
Changes
Hochschild Mining PLC ("Hochschild" or the "Company") announces
the completion today of the demerger of Aclara Resources Inc.
("Aclara") following the listing of Aclara's shares on the Toronto
Stock Exchange. As a result, the Company confirms that Sanjay Sarma
has stepped down as a Non-Executive Director of the Company to join
the Aclara board and that Ramon Barua has stepped down as
Hochschild's CFO to join Aclara as CEO.
Furthermore, as previously announced, Eduardo Noriega has been
appointed as Hochschild's CFO. Eduardo joined the Company in March
2007 and served most recently as Head of Group Finance. Further
information can be found in the announcement of 19(th) October
2021.
Ignacio Bustamante, CEO, said :
"I would like to thank Ramon for his contribution to Hochschild
over the past 11 years. He has been a valued member of the senior
management team and we have benefited enormously from his
dedication and contribution, not only on financial matters but on
broader commercial and strategic issues. We wish him well in his
new role. I would also like to congratulate Eduardo Noriega on his
promotion to the role of CFO and look forward to continue working
together."
Eduardo Hochschild, Chairman, said :
"I would like to take the opportunity to express, on behalf of
the entire Hochschild Mining board, our gratitude to Sanjay for his
insight and unique perspective and, in particular, his advice on
our ongoing focus on innovation."
As also previously disclosed, the Company confirms that Eduardo
Hochschild and Ignacio Bustamante have been appointed to the board
of Aclara as Chairman and Non-Executive Director respectively.
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Enquiries:
Hochschild Mining PLC
Raj Bhasin
+44 (0)7825 533495
Company Secretary
Hudson Sandler
Charlie Jack
+44 (0)20 7796 4133
Public Relations
________________________________________________________________________________
About Hochschild Mining PLC
Hochschild Mining PLC is a leading precious metals company
listed on the London Stock Exchange (HOCM.L / HOC LN) and
crosstrades on the OTCQX Best Market in the U.S. (HCHDF), with a
primary focus on the exploration, mining, processing and sale of
silver and gold. Hochschild has over fifty years' experience in the
mining of precious metal epithermal vein deposits and currently
operates three underground epithermal vein mines, two located in
southern Peru and one in southern Argentina. Hochschild also has
numerous long-term projects throughout the Americas.
LEI: 549300JK10TVQ3CCJQ89
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