REG - Hochschild MiningPLC - Sale of Arcata and Azuca

Hochschild MiningAnnouncement

05/03/2025 07:00

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RNS Number : 3648Z  Hochschild Mining PLC  05 March 2025

 

 

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5 March 2025

 

Sale of Arcata and Azuca

 

 

Hochschild Mining PLC (the "Company") is pleased to announce that it has
closed the sale of its former mine, Arcata, and the Azuca project to Sierra
Caraz S.A.C. for an undisclosed sum. The sale of both assets is part of
Hochschild's strategy to concentrate on its core assets in Peru: the
Inmaculada mine and the Pallancata-Royropata project, as well as its assets in
Brazil and Argentina.

 

Arcata, an underground mine with a predominance of silver located in the
department of Arequipa, began production in 1964 and was in operation until
February 2019, when it was placed under care and maintenance. The Azuca
project, located in the departments of Cusco and Apurimac, is predominantly a
silver project located 60km from Arcata.

 

Sierra Caraz is a company linked to Sierra Sun Precious Metals S.A.C., a
private group that operates mines in Peru.

 

LXG Capital acted as financial advisors and Miranda & Amado as legal
advisors to Hochschild Mining.

 

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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

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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
operates two underground epithermal vein mines: Inmaculada, located in
southern Peru; and San Jose in southern Argentina, and an open pit gold mine,
Mara Rosa, located in the state of Goiás, Brazil. Hochschild also has the
Monte do Carmo Advanced Project and numerous long-term projects throughout the
Americas.

_____________________________________________________________________________________

 

LEI: 549300JK10TVQ3CCJQ89

 

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