REG - Hochschild MiningPLC - Inmaculada Update

Hochschild MiningAnnouncement

03/11/2022 07:00

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RNS Number : 1950F  Hochschild Mining PLC  03 November 2022

 

 

 

 

 

 

 

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3 November 2022

 

Inmaculada Update

 

 

Hochschild Mining PLC ("Hochschild" or the "Company") (LSE: HOC) (OTCQX:
HCHDF) announces that on 31 October 2022, a group of approximately 30 people
from a local community broke into the Inmaculada mining unit and severely
damaged certain non-critical installations. The Company took immediate action
to ensure the safety of the 1,700 employees at the operation and that its
rights under Peruvian law were respected. The relevant authorities, including
local law enforcement, were notified.

 

Despite these developments and the fact that a prior agreement had been in
place with the community in question, the Company held discussions with
community representatives on 1 and 2 November. As this did not result in an
agreement being reached, further discussions will be held next week with
representatives from the Peruvian government also scheduled to attend.

 

Hochschild operates under the highest standards and establishes its
relationships with communities based on trust, and consequently reiterates its
ongoing commitment to open dialogue. The Company expects relevant authorities
to intervene to prevent future disruptive and violent acts.

 

Although production remains unaffected, further updates will be provided if
the situation changes.

 

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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)207
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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