REG - Hochschild MiningPLC - First Gold Pour at Mara Rosa

Hochschild MiningAnnouncement

21/02/2024 07:00

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RNS Number : 8375D  Hochschild Mining PLC  21 February 2024

 

 

 

 

 

_____________________________________________________________________________________

21 February 2024

 

 

First Gold Pour at Mara Rosa

 

 

 

Hochschild Mining PLC (HOC.LN) (OTCMKTS: $HCHDF) ("Hochschild" or "the
Company") is pleased to announce that the first gold pour has been achieved at
the Mara Rosa Mine in Brazil. The first pour took place yesterday on 20
February.

 

Mara Rosa is Hochschild's first Brazilian operation and is located in the
state of Goias. The project remains on schedule with commercial production
expected towards the end of the second quarter of 2024. Mara Rosa is expected
to produce between 83,000 to 93,000 ounces of gold in 2024 at an all-in
sustaining cost of between $1,090 and $1,120 per ounce.

 

As announced at the 2023 Capital Markets Day, Brazil represents a key growth
opportunity for Hochschild as the Company continues to execute its strategy of
increasing production while reducing costs. Mara Rosa will provide near-term
production at a significantly lower cost, with strong potential to find
additional resources through the Company's brownfield exploration programme.

 

Eduardo Landin, Chief Executive Officer said:

"We are all very proud of the team for delivering Brazil's newest gold mine.
Mara Rosa will be a low-cost operation that will create significant value for
all our stakeholders. It plays an important part in our stated strategy of
increasing production and reducing costs in the coming years. The first pour
is testament to the hard work done by all our employees, contractors and local
communities who have enabled us to construct this exciting operation on
schedule and on budget. With this milestone behind us, we are now focusing on
completing the ramp up of the processing plant to achieve commercial
production. In addition, our brownfield team is continuing its programme to
further grow the resource base at a number of targets in the region."

 

 

________________________________________________________________________________________

 

Enquiries:

 

Hochschild Mining PLC

Charles Gordon
 
 
 
                        +44 (0)20 3709 3264

Head of Investor Relations

 

Hudson Sandler

Charlie Jack
 
 
                                                  +44
(0)207 796 4133

Public Relations

________________________________________________________________________________________

 

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' of
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 owns the Mara
Rosa Advanced Project in Brazil as well as numerous long-term projects
throughout the Americas.

________________________________________________________________________________________

 

 

Forward looking statements

This announcement may contain forward looking statements. By their nature,
forward looking statements involve risks and uncertainties because they relate
to events and depend on circumstances that will or may occur in the future.
Actual results, performance or achievements of Hochschild Mining PLC may, for
various reasons, be materially different from any future results, performance
or achievements expressed or implied by such forward looking statements.

 

The forward looking statements reflect knowledge and information available at
the date of preparation of this announcement. Except as required by the
Listing Rules and applicable law, the Board of Hochschild Mining PLC does not
undertake any obligation to update or change any forward looking statements to
reflect events occurring after the date of this announcement. Nothing in this
announcement should be construed as a profit forecast.

 

This announcement contains information which prior to its release could be
considered inside information.

 

LEI: 549300JK10TVQ3CCJQ89

 

 

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