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Hochschild Mining Plc

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Summary

Project:

Volcan

Deposit:Volcan
Location:Chile
Commodities:Gold-Silver
Date:2/19/2020
Report Code:JORC
Report Type:Resource Estimation
Project Stage:Pursuing Resource Increase/Upgrade
Report details:19-2-2020: Hochschild Mining Plc announces a Resource Estimation report for its Volcan deposit at the Volcan project. Updated resources and reserves plus new drilling results. Ignacio Bustamante, Chief Executive Officer said: “In 2019, we have delivered s
Resources:
CP/QP:[Overall Report]: n/a (n/a)
ABSTRACT:Ignacio Bustamante, Chief Executive Officer said: “In 2019, we have delivered some strong financial results which reflect another robust year of production including records at two of our operations and good cost control. Improved precious metals prices in the second half of the year combined with strong free cashflow generation saw us reduce leverage further and finish the year with net debt at $33 million. We have again discovered a significant amount of resource additions at Inmaculada and anticipate another year of ambitious exploration with exciting drill targets at all our current operations and projects throughout our entire southern Peru cluster. In addition, we can look forward to progressing our portfolio of greenfield opportunities and strategic alliances.”

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