Hochschild MiningPLC - Revised 2020 Guidance
September 7, 2020 at 2:00 AM EDT
RNS Number : 1511Y
Confirmation of Full Capacity at Inmaculada and Revised 2020 Guidance
§ Inmaculada operating at full capacity
§ 2020 full year guidance reissued
§ Overall attributable production target for 2020 of 280,000-290,000 gold equivalent ounces or 24-25m silver equivalent ounces
§ All-in sustaining costs expected to be
§ Revised total sustaining and development capital expenditure expected to be approximately
§ 2020 brownfield exploration budget increased to
"I am pleased to report that the team has carried out a successful remobilisation and ramp-up at our flagship Inmaculada operation and that we are now running the mine at full capacity. We have also reinstated our guidance for 2020 which reflects the impact of the ongoing restrictions in both
The Company is also announcing today its revised 2020 guidance following the completion of an assessment of the overall impact from the stoppages to date and the resulting revised mine plans which also reflect ongoing Covid-19 related restrictions.
The overall revised attributable production target for 2020 is 280,000-290,000 gold equivalent ounces or 24.0-25.0 million silver equivalent ounces. The reduction versus the original guidance is principally due to the operational stoppages and also reflects temporary delays in mine sequencing.
The revised all-in sustaining cost from operations in 2020 is expected to be between
The overall revised capital expenditure budget for 2020 is approximately
The brownfield exploration budget for 2020 has been increased to approximately
Head of Investor Relations
Charlie Jack +44 (0)207 796 4133
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 All equivalent figures assume a gold/silver ratio of 86x.
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