AGM Statement

Hochschild Mining PLC
04 July 2007



                                  AGM Statement

At the Company's Annual General Meeting held in London today, Mr. Roberto
Danino, Deputy Chairman of Hochschild Mining plc, made the following remarks:

I am delighted to be able to welcome you to our first AGM since our successful
listing on the London Stock Exchange last November. Through our successful IPO,
we have become the first Latin American company to achieve a full Main Market
listing on the London Stock Exchange in over one hundred years.

Our 2006 results reflected superior operational and financial performance with
revenues for the year amounting to $211 million, a 31% increase on 2005, and
adjusted EBITDA for the year increasing by 44% to $103 million. In the last six
months of 2006, our attributable reserves increased by 25%.

2007 is crucial to Hochschild's development as we are expanding from three mines
in one country to six mines in three countries. With the expansions at Ares and
Arcata behind us and the commencement of production at San Jose, which we
announced last week, we continue to demonstrate our ability to deliver on our
IPO commitments. We remain on course to begin production at Pallancata and Mina
Moris in the third quarter of this year and to reach our production target of
over 26 million silver equivalent attributable ounces in 2007 (14 million silver
attributable ounces and 200 thousand gold attributable ounces).

The outlook for demand growth in our major metals remains positive and we are on
track to deliver our 2011 production target of 50 million silver equivalent
attributable ounces.


Enquiries:

Hochschild Mining plc
Wray Barber                     [phone]
Head of Investor Relations

Finsbury
Robin Walker                    [phone]
Public Relations


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