Update re Peru Declaration of State of Emergency

RNS Number : 5882G

Hochschild Mining PLC

18 March 2020

 

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18 March 2020

Hochschild Update Following Declaration of State of Emergency in Peru

Hochschild Mining PLC ("Hochschild" or "the Company") is today announcing that due to the Peruvian government's recent declaration of a state of emergency to contain the advancement of COVID-19, the Company has temporarily halted operations at the Inmaculada and Pallancata mines. The state of emergency took effect on 16 March 2020 and is currently expected to last for a 15-day period after which time, subject to the government indicating its approval, the Company intends to resume production at both mines. The San Jose mine in southern Argentina remains in operation.

Hochschild will continue with a reduced workforce operating care and maintenance activities in order to sustain the appropriate safety and environmental systems, as well as other critical activities, including ventilation, water pumping, maintenance of critical equipment, environmental measurements and MEIA activities among others.

Ignacio Bustamante, CEO commented,

"The health and safety of our employees, communities and partners is our number one priority and we are closely monitoring the dynamic situation regarding Coronavirus and have acted in line with recently-issued Peruvian government response regulations. We will liaise with all stakeholders if there are further developments that specifically impact them.

Internally, we have already implemented a number of measures including actively monitoring the health of all personnel at our mines and offices, cancelling international travel and introducing arrangements for employees to work from home. All these actions are being coordinated with the support of our in-house medical teams."

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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 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.

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LEI: 549300JK10TVQ3CCJQ89

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