Production Report 12mth

Hochschild Mining PLC
16 January 2007


16 January 2007

Hochschild Mining plc today announces its Production Report for the twelve
months to 31 December 2006

Highlights:

   • Total production for the six months to 31 December 2006 ('H2') was 6.1 
     million ounces of silver and 93 thousand ounces of gold
   • In-line with expectations at the time of the IPO, H2 production was 
     slightly higher than in the six months ended 30 June 2006 ('H1')
   • Total silver production was up 12% in H2 versus H1 primarily due to
     increased production at Arcata and Selene
   • Total gold production was down 10% in H2 versus H1 due to the anticipated
     decrease in ore grade at Ares

The planned expansions at the Ares processing plant were successfully completed
on time taking the capacity from 280 ktpa to 325 ktpa. The plant will be
undergoing testing during January 2007. The planned expansions at Arcata and
Selene, taking the capacity from 350 ktpa to 420 ktpa and from 350 ktpa to 700
ktpa, respectively, are on schedule for completion within budget during 2007.
The expansion at the Selene plant accommodates for the extension of the Selene
mine in addition to the commencement of production from Pallancata.

On 10 December 2006, the Group announced it would exercise its option to acquire
a 70% stake in the Santa Maria de Moris mine in Chihuahua, Mexico.

The Group's three new projects which are scheduled to begin production during
2007 are on track. San Jose will start producing during Q2 2007 while Pallancata
and Mina Moris will commence production in Q3 2007. These three projects are
expected to contribute to profits in 2008.


Total production                      H2         H1  Full Year  Full Year
                                    2006       2006       2006       2005
-------------------------------------------------------------------------
Silver production (Koz)            6,136      5,467     11,604     10,550
Gold production (Koz)                 93        103        196        232
Total silver equivalent (Koz)     11,707     11,640     23,347     24,543


ARCATA

Product                               H2         H1  Full Year  Full Year
                                    2006       2006       2006       2005
-------------------------------------------------------------------------
Ore production (tonnes)          178,162    135,526    313,688    282,199
Concentrate produced (tonnes)      7,192      5,214     12,407     10,787
Silver grade in concentrate (kg/t) 11.50      12.49      11.92      12.31
Silver produced (Koz)              2,660      2,094      4,754      4,271
Gold produced (Koz)                 6.93       4.96      11.89       7.19


ARES

Product                               H2         H1  Full Year  Full Year
                                    2006       2006       2006       2005
------------------------------------------------------------------------
Ore production (tonnes)          147,609    141,529    289,138    281,095
Dore total (Koz)                   1,357      1,493      2,850      3,151
Silver produced (Koz)              1,281      1,406      2,688      2,944
Gold produced (Koz)                72.16      83.35      155.5     198.55


SELENE

Product                               H2         H1  Full Year  Full Year
                                    2006       2006       2006       2005
-------------------------------------------------------------------------
Ore production (tonnes)          181,642    178,044    359,686    288,919
Concentrate produced (tonnes)      1,865      1,947      3,812      3,559
Silver grade in concentrate (kg/t) 36.61      31.43      33.96      29.15
Silver produced (Koz)              2,195      1,967      4,162      3,335
Gold produced (Koz)                13.76      14.57      28.34      27.48



Hochschild Mining's Preliminary results will be announced on 20 March 2007.


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

Finsbury
Robin Walker                            [phone]
Public Relations


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