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Hochschild to restart operations at Inmaculada and Pallancata mines in Peru

Hochschild is the London-market's go-to silver company

Hochschild Mining Plc -

Hochschild Mining Plc (LON:HOC) has met all the requirements established by the Peruvian government to restart operations at its Inmaculada and Pallancata mines.

Following the fulfilment of strict government health protocols, the company plans to begin ramping-up progressively to achieve full production in the coming weeks. 

The San Jose mine in southern Argentina also recently restarted operations and is following a phased ramp-up process.

Hochschild expects to reissue its full-year guidance once full production is achieved and the overall impact of the suspensions is clear.

In line with current government guidelines, the company's brownfield exploration programme is expected to recommence in July.

"I am pleased that we are now in a position to restart our Peruvian operations and we intend to execute a disciplined remobilisation of our workforce in line with the prescribed health protocols and guidelines from the government,” said Hochschild chief executive Ignacio Bustamante.

“In these unprecedented times, we continue to prioritise the health and well-being of our employees and of the communities in which we operate."

 

Quick facts: Hochschild Mining PLC

Price: 220.8 GBX

LSE:HOC
Market: LSE
Market Cap: £1.13 billion
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