Hochschild on track to hit revised guidance
Hochschild Mining reported reported rising production for the third quarter of 2023, at 49,999 oz of gold, and 2.6Moz, or 81,619
The London-listed miner restated its revised full-year attributable production guidance of between 289,000 and 303,000 gold equivalent oz.
Hochschild last month lowered its production guidance and increased its cost forecast, citing environmental approval delays at Inmaculada and rising capital expenditure at the San Jose project, in Argentina.
Production is underpinned by strong output from the Inmaculada mine in Peru, which is guided to produce 192,000-200,000 oz this year.
2023 all-in-sustaining costs were guided for US$1,490-1,580 per gold equivalent oz.
"Hochschild Mining's third quarter was operationally our strongest yet in 2023 and we expect to meet both our revised full-year production and our cost targets," said chief executive Eduardo Landin.
"In addition, during the period, Inmaculada's Modified Environmental Impact Assessment was approved by the Government of Peru for an additional 20 years.
"Finally, we have made more strong progress at our Mara Rosa project in Brazil which is now at 98% completion, and we continue to be on schedule and on budget and expecting first production in H1 2024."
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