Pallancata mine update

RNS Number : 8952R

Hochschild Mining PLC

15 December 2016

 

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 15 December 2016

Temporary stoppage at the Pallancata operation in Peru

Hochschild Mining plc ("Hochschild" or "the Company") reports that its Pallancata mine in Peru has temporarily stopped production due to a road blockade by members of a local community demanding the renegotiation of existing agreements for land easements. In keeping with the Company's approach to active stakeholder engagement, discussions with relevant parties, which have been facilitated by the Government, are ongoing.

Despite the temporary stoppage at Pallancata, the Company's production and cost guidance for 2016 are not affected. 

The Company will update the market as appropriate.

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Enquiries:

Hochschild Mining plc

Charles Gordon                                                                                                                                               [phone]

Head of Investor Relations

Hudson Sandler

Charlie Jack                                                                                                                                                      [phone]

Public Relations

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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 fifty years' experience in the mining of precious metal epithermal vein deposits and currently operates four underground epithermal vein mines, three located in southern Peru and one in southern Argentina. Hochschild also has numerous long-term projects throughout the Americas.

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