Hochschild on track to meet full-year output, cost guidance

30th April 2019

By: Creamer Media Reporter

     

Font size: - +

London-listed Hochschild achived a strong start to this year, with attributable production of 121 367 gold-equivalent ounces or 9.8-million silver-equivalent ounces for the quarter ended March 31.

This was mostly as a result of "another solid quarter" from its Inmaculada mine, in Peru, and a consistent performance by its San Jose mine, in Argentina, and was achieved despite the absence of a meaningful contribution from the Arcata mine, in Peru, which was placed on care and maintenance in February.

"Hochschild has delivered a solid start to the year with a strong contribution from Inmaculada and increased first-quarter output from Pallancata [in Peru], leaving us firmly on track to meet our stated production and cost targets for 2019.

"We have also begun our ambitious 2019 brownfield exploration plan with campaigns already commenced at Inmaculada, San Jose and Pallancata. In addition, we have also secured the drilling permit for the exciting programme scheduled at Palca, as well as achieving environmental approvals for campaigns at nearby Cochaloma and Pablo Sur," Hochschild CEO Ignacio Bustamante said in a statement issued on Tuesday.

The company expects to produce 457 000 gold-equivalent ounces, or about 37-million silver-equivalent ounces, for the full-year at an all-in sustaining cost of $900 to $1 100 per gold-equivalent ounce.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION