Last checked at 3 Nov 2022 07:00
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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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