REG - Hochschild MiningPLC - Inmaculada Environmental Permit Approved

Hochschild MiningAnnouncement

02/08/2023 07:00

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RNS Number : 0413I  Hochschild Mining PLC  02 August 2023

 

 

 

 

 

 

 

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2 August 2023

 

 

Inmaculada Environmental Permit Approved by Peruvian Government

 

 

Highlights

§ Inmaculada's Modified Environmental Impact Assessment approved for an
additional 20 years

§ Enables development of high-grade reserves and resources close to
Inmaculada's operations

§ Resumption of brownfield exploration strategy at Inmaculada

 

Hochschild Mining PLC ("Hochschild" or the "Company") (LSE: HOC) (OTCQX:
HCHDF) is pleased to announce that the Modified Environment Impact Assessment
("MEIA") for its Inmaculada operation in southwest Peru has received
regulatory approval from SENACE, Peru's National Service of Environmental
Certification for Sustainable Investments.

 

The MEIA is an important milestone for the Company, paving the way for its
flagship mine to generate significant additional value for all stakeholders
over the next two decades. The Company will now focus on implementing its
growth strategy whilst maintaining the highest levels of safety, environmental
stewardship and responsible business practices. By securing this key
environmental permit, Hochschild is confirming its long-term commitment to
investing in the Ayacucho region and its communities.

 

Ignacio Bustamante, Chief Executive Officer said:

"This approval represents a significant achievement for Hochschild and the
Peruvian mining industry and demonstrates the Government's commitment to
confirming Peru's position as an attractive mining friendly jurisdiction.

 

I would like to congratulate all the teams involved who have worked tirelessly
for four years on the MEIA and have ensured Inmaculada's long-term future. We
believe this world-class deposit will continue to underpin our Company for
many decades to come and are looking forward to reigniting the successful
brownfield exploration programme and continuing to invest in the region and
its communities."

 

Eduardo Landin, Chief Operating Officer added:

"Our Company is now in a strong position to advance our long-term strategic
objectives. Having secured Inmaculada's future, we can look forward to first
production from our exciting Mara Rosa project in Brazil in the first half of
2024, progressing the new Royropata deposit at our Pallancata operation, and
continuing to assess value accretive business development opportunities."

 

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Enquiries:

 

Hochschild Mining PLC

Charles Gordon
 
 
                                               +44
(0)20 3709 3264

Head of Investor Relations

 

Hudson Sandler

Charlie Jack
 
 
                                                  +44
(0)20 796 4133

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 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.

 

LEI: 549300JK10TVQ3CCJQ89

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