Business
Capital Markets event & 2024 Guidance - Correction
Capital Markets event & 2024 Guidance - Correction.
About this update from Hochschild Mining Plc
[{"type":"text","content":"\n\nThe following amendment has been made to the Capital Markets event & 2024 Guidance announcement released on 22 November 2023 at 07:00, RNS Number: 2000U. The correction relates to the attributable production target for 2024 and capital expenditure budget for 2024 both on the second page. All other details remain unchanged.\n \n \n \n \n \n \n \n_____________________________________________________________________________________\n22 November 2023\n \nHochschild Mining PLC\nCapital Markets event & 2024 Guidance - Correction\n \n \nHochschild Mining PLC (HOC.LN) (OTCMKTS: $HCHDF) (\"Hochschild\" or \"the Company\") is to hold a Capital Markets event presentation for analysts and investors at 10:30am today London time. A copy of the presentation will be published on the Hochschild website at http://www.hochschildmining.com/en/home at 10:00am.\n \nKey highlights of the presentation:\n§ Hochschild focused on core business and set to increase production and lower costs from 2024\n§ Production set to rise to 340,000-375,000 gold equivalent ounces in 2025\n§ AISC set to reduce to $1,300-$1,400/oz per gold equivalent ounce in 2025\n§ Flagship Inmaculada operation de-risked after MEIA approval\no Minimum 200,000oz per annum base going forward with costs expected to fall in 2025\n§ New low-cost Mara Rosa project set to commission in Q1 2024, on time and on budget\no 2024 production forecast of 83,000-93,000 ounces of gold at AISC of $1,090-$1,120 per ounce\n§ New Royropata deposit to deliver additional 100,000oz+ per annum from 2027\n§ Disciplined capital allocation strategy\n§ Overall 2024 production target:\no 343,000-360,0000 gold equivalent ounces\n§ 2024 All-in sustaining costs target:\no $1,510-$1,550 per gold equivalent ounce including $45 million of 2022/2023 deferred capital expenditure due to MEIA delays\n \n \nEduardo Landin, Chief Executive Officer said:\n\"Today Hochschild's management team and I are pleased to present a newly focused precious metal business which, based around our core assets, is forecast to deliver both production growth and cost reductions over the next few years. With our Inmaculada mine providing a solid and sustainable base for the long-term, we are excited by the prospect of first production in the next ...