REG - Hochschild MiningPLC - Completion of Acquisition of Amarillo Gold

Hochschild MiningAnnouncement

04/04/2022 07:00

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RNS Number : 0607H  Hochschild Mining PLC  04 April 2022

 

 

 

 

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THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE,
PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN,
INTO OR FROM ANY JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.

 

PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.

 

 

4 April 2022

 

Completion of the acquisition of Amarillo Gold Corporation ("Amarillo")

 

Further to the announcement made by Hochschild Mining PLC ("Hochschild" or the
"Company") on 22 March 2022 in which Hochschild announced that it had received
Shareholder approval for the acquisition of Amarillo (the "Acquisition"),
Hochschild is pleased to announce that completion of the Acquisition occurred
at 4.30pm Pacific Time on Friday 1(st) April 2022.

 

Defined terms used but not defined in this announcement have the meanings set
out in the circular issued to Shareholders on Friday 4 March 2022 in
connection with the Acquisition.

 

Ignacio Bustamante, Chief Executive Officer, said:

"We are delighted to have closed the acquisition of Amarillo which adds the
exciting Posse project in Brazil to our portfolio. We can look forward to the
commencement of construction and the opportunity to generate strong
sustainable value for the Company and the project's local stakeholders."

 

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Enquiries:

 

Hochschild Mining PLC

Raj
Bhasin
 
              +44 (0)7825 533495

Company Secretary

 

Hudson Sandler

Charlie
Jack
                                +44 (0)207 796
4133

Public Relations

 

RBC Capital Markets (Financial Adviser, Sole Sponsor and Corporate Broker)

Marcus Jackson

Ryan Latinovich

Hugh Samson

Scott
Redwood
+44 (0)20 7653 4000

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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) and crosstrades on the OTCQX Best
Market in the U.S. (HCHDF), 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.

 

LEI: 549300JK10TVQ3CCJQ89

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About Amarillo Gold Corporation

Amarillo is advancing two gold projects located near excellent infrastructure
in mining-friendly states in Brazil. The development stage Posse gold project
is on the Amarillo's Mara Rosa property in Goiás State. It has a positive
definitive feasibility study that shows it can be built into a profitable
operation with low costs and a strong financial return. Mara Rosa also shows
the potential for discovering additional near-surface deposits that will
extend Posse's mine life beyond its initial ten years.

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IMPORTANT NOTICES

 

The distribution of this announcement in or from certain jurisdictions may be
restricted or prohibited by the laws of any jurisdiction other than the UK.
Recipients are required to inform themselves of, and comply with, all
restrictions or prohibitions in such other jurisdictions. Any failure to
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and/or regulations of other such jurisdiction.

 

This announcement has been prepared for the purposes of complying with the
applicable law and regulation of the UK (including the Listing Rules and the
Disclosure Guidance and Transparency Rules) and the information disclosed may
not be the same as that which would have been disclosed if this announcement
had been prepared in accordance with the laws and regulations of any
jurisdiction outside of the UK.

 

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