Adjustment to Q3 2009 sales f

RNS Number : 0979B

Hochschild Mining PLC

20 October 2009

 



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20 October 2009 

Adjustment to Q3 2009 sales figures

Hochschild Mining plc ("Hochschild") reports that it has made a non-material adjustment to the Q3 sales figures announced in its Interim Management Statement ("IMS") on 7 October 2009, as shown in the table below.  

The production numbers reported for Q3 and the Company's expectations for its full year targets remain unchanged. 

Adjusted 2009 Sales Figures: 

	Q3 2009 adjusted	Q3   2009 reported	9 mths 2009 adjusted	9 mths 2009 reported
Total
Silver sold (koz)	6,722	6,969	17,627	17,874
Gold sold (koz)	57.69	61.15	156.31	159.76
Average realisable price for gold ($/oz)	956.28	957.53	920.70	921.95
Average realisable price for silver ($/oz)	14.83	14.82	13.69	13.71
San Jose1
Silver sold (koz)	1,536	1,783	4,083	4,330
Gold sold (koz)	24.68	28.14	57.99	61.45

 The Company has a 51% interest in San José.

The revised Q3 IMS will be available on the Company's website at www.hochschildmining.com.

Enquiries:

Hochschild Mining plc

Isabel Lütgendorf                            [phone]

Head of Investor Relations

Finsbury

Robin Walker                                   [phone]

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) with a primary focus on the exploration, mining, processing and sale of silver and gold. Hochschild has over forty years' experience in the mining of precious metal epithermal vein deposits and currently operates four underground epithermal vein mines, three located in southern Peru, one in southern Argentina and one open pit mine in northern Mexico. Hochschild also has numerous long-term prospects throughout the Americas. 

Forward looking statements

This announcement contains certain forward looking statements, including such statements within the meaning of Section 27A of the US Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In particular, such forward looking statements may relate to matters such as the business, strategy, investments, production, major projects and their contribution to expected production and other plans of Hochschild Mining plc and its current goals, assumptions and expectations relating to its future financial condition, performance and results. 

Forward-looking statements include, without limitation, statements typically containing words such as "intends", "expects", "anticipates", "targets", "plans", "estimates" and words of similar import. By their nature, forward looking statements involve risks and uncertainties because they relate to events and depend on circumstances that will or may occur in the future. Actual results, performance or achievements of Hochschild Mining plc may be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. Factors that could cause or contribute to differences between the actual results, performance or achievements of Hochschild Mining plc and current expectations include, but are not limited to, legislative, fiscal and regulatory developments, competitive conditions, technological developments, exchange rate fluctuations and general economic conditions. These factors, risks and uncertainties are referred to in the Risk Management section of the 2008 Annual Report. Past performance is no guide to future performance and persons needing advice should consult an independent financial adviser.

The forward looking statements reflect knowledge and information available at the date of preparation of this announcement. Except as required by the Listing Rules and applicable law, the Board of Hochschild Mining plc does not undertake any obligation to update or change any forward looking statements to reflect events occurring after the date of this announcement. Nothing in this announcement should be construed as a profit or production forecast.

 

END

 

 

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