Hochschild Mining PLC Completion of Acquisition of Amarillo Gold (0607H)
April 04 2022 - 2:01AM
UK Regulatory
TIDMHOC
RNS Number : 0607H
Hochschild Mining PLC
04 April 2022
________________________________________________________________________________________
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT
FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART,
DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION IN WHICH
IT WOULD BE UNLAWFUL TO DO SO.
PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS
ANNOUNCEMENT.
4 April 2022
Completion of the acquisition of Amarillo Gold Corporation
("Amarillo")
Further to the announcement made by Hochschild Mining PLC
("Hochschild" or the "Company") on 22 March 2022 in which
Hochschild announced that it had received Shareholder approval for
the acquisition of Amarillo (the "Acquisition"), Hochschild is
pleased to announce that completion of the Acquisition occurred at
4.30pm Pacific Time on Friday 1(st) April 2022.
Defined terms used but not defined in this announcement have the
meanings set out in the circular issued to Shareholders on Friday 4
March 2022 in connection with the Acquisition.
Ignacio Bustamante, Chief Executive Officer, said:
"We are delighted to have closed the acquisition of Amarillo
which adds the exciting Posse project in Brazil to our portfolio.
We can look forward to the commencement of construction and the
opportunity to generate strong sustainable value for the Company
and the project's local stakeholders."
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Enquiries:
Hochschild Mining PLC
Raj Bhasin +44 (0)7825 533495
Company Secretary
Hudson Sandler
Charlie Jack +44 (0)207 796 4133
Public Relations
RBC Capital Markets ( Financial Adviser, Sole Sponsor and
Corporate Broker)
Marcus Jackson
Ryan Latinovich
Hugh Samson
Scott Redwood +44 (0)20 7653 4000
________________________________________________________________________________________
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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About Amarillo Gold Corporation
Amarillo is advancing two gold projects located near excellent
infrastructure in mining-friendly states in Brazil. The development
stage Posse gold project is on the Amarillo's Mara Rosa property in
Goiás State. It has a positive definitive feasibility study that
shows it can be built into a profitable operation with low costs
and a strong financial return. Mara Rosa also shows the potential
for discovering additional near-surface deposits that will extend
Posse's mine life beyond its initial ten years.
________________________________________________________________________________________
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This announcement has been prepared for the purposes of
complying with the applicable law and regulation of the UK
(including the Listing Rules and the Disclosure Guidance and
Transparency Rules) and the information disclosed may not be the
same as that which would have been disclosed if this announcement
had been prepared in accordance with the laws and regulations of
any jurisdiction outside of the UK.
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