Pallancata Dispute Resolved

RNS Number : 7863U

Hochschild Mining PLC

23 January 2017

 

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 23 January 2017

Pallancata Dispute Resolved

Hochschild Mining plc ("Hochschild" or "the Company") announces that an agreement has been reached between the Company and a local community at its Pallancata mine in Peru and consequently the mine will re-commence operations by 25 January 2017. As disclosed in a release dated 15 December 2016, the operation had temporarily stopped production due to a road blockade by community members.

The Company confirms that, despite the stoppage, Pallancata's 2017 production forecast of 6 million silver equivalent ounces and associated all-in sustaining cost guidance (as per 18 January 2017 press release) are not affected. 

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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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