Business
Capital Markets Presentation
Capital Markets Presentation.
About this update from Hochschild Mining Plc
[{"type":"text","content":"\n \nRNS Number : 5543G Hochschild Mining PLC 07 November 2018 \n\n \n__________________________________________________________________________________\n \n7 November 2018 \n \nCapital Markets presentation\n \nHochschild delivers long life-of-mine at Inmaculada\n \n \nHochschild Mining plc, the FTSE 250 precious metal mining company, is to hold a Capital Markets event presentation for analysts and investors at 10:30 today London time. A copy of the presentation will be published on the Hochschild website at http://www.hochschildmining.com/en/home at 10:00.\n \nKey highlights of the presentation are:\n§ Inmaculada brownfield drilling programme has added 95.1 million silver or 1.3 million gold equivalent ounces of inferred resources year-to-date\n§ Inmaculada mine stands in the first quartile of the gold AISC curve and has a 10-year plus life-of-mine\n§ Highly prospective properties provide a platform for long term production\n§ Exploration expertise consistently adding low cost ounces\n§ Cost control remains top of operational agenda\n§ Our commitment to innovation is delivering results\n§ Constant search for valuable optionality has led to dynamic greenfield strategy and optimisation of ounces in the portfolio\n§ Outstanding cash flow generation\n§ Dividends a key element of Hochschild´s value proposition\n \nIgnacio Bustamante, Chief Executive Officer said:\n\"Today we are changing the paradigm of how Hochschild Mining operates. Although we have been mining underground for several decades, we have always reported a relatively short life-of-mine. With the 95 million ounces added so far this year to Inmaculada's resource base, we are extending its life to more than 12 years, a record for any Hochschild asset. Furthermore, this is in our largest ever mine in terms of ounces. Inmaculada represents approximately 74% of our cashflow and stands well inside of the first quarter of the industry's cost curve. Such a significant addition has already changed our approach to mining and, is also just the beginning, as we are continuing to develop this exciting district as well as our other attractive properties in Peru and Argentina.\"\n__________________________________________________________________________________\n \nFor a live webcast of the presentation please click on t...