Business
2024 Report on Payments to Governments
2024 Report on Payments to Governments.
About this update from Hochschild Mining Plc
[{"type":"text","content":"\n\n \n__________________________________________________________________________\n26 June 2025\n \n2024 Report on Payments to Governments\n \n \nIntroduction\nThis Report provides an overview of the payments to governments made by Hochschild Mining PLC and its subsidiaries (hereinafter referred to as \"Hochschild Mining\") in 2024 as required under the UK's Report on Payments to Governments Regulations 2014 (as amended) (the \"UK Regulations\"). The UK Regulations apply to large UK incorporated companies like Hochschild Mining PLC that are involved in the exploration, prospection, discovery, development and extraction of minerals. This Report is also intended to satisfy the requirements of the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority in the United Kingdom.\n \nBasis for preparation \nLegislation: This Report is prepared in accordance with the UK Regulations.\n \nReporting entities: This Report includes payments to governments arising from the activities of Hochschild Mining.\n \nActivities: Payments made by Hochschild Mining to governments arising from activities involving the exploration, prospection, discovery, development and extraction of minerals (\"extractive activities\") are disclosed in this Report. For a fully integrated project, which does not have an interim contractual cut off point where a value can be attached or ascribed separately to the extractive activities and to other processing activities, payments to governments will not be artificially split but disclosed in full.\n \nGovernment: Government includes any national, regional or local authority of a country, and includes a department, agency or entity that is a subsidiary of a government.\n \nProject: Payments are reported at project level except that payments that are not attributable to a specific project or are in respect of obligations imposed at entity level are reported by entity. Project is defined as operational activities which are governed by a single contract, licence, lease, concession or similar legal agreement, and form the basis for payment liabilities with a government. If such agreements are substantially interconn...