Business
Production Report for 6 months ended 30 June 2024
Production Report for 6 months ended 30 June 2024.
About this update from Hochschild Mining Plc
[{"type":"text","content":"\n\n \n_____________________________________________________________________________________\n24 July 2024\n \nProduction Report for the 6 months ended 30 June 2024\n \nHochschild Mining PLC (\"Hochschild\" or \"the Company\") (LSE: HOC) (OTCQX: HCHDF) is pleased to announce its production report for H1 2024.\n \nEduardo Landin, Chief Executive Officer commented:\n\"We have delivered a robust second quarter with another good performance from Inmaculada and a first material contribution from our new Mara Rosa mine in Brazil and remain on track to meet our annual production and cost guidance. We can now look forward to a substantial increase in output in the second half which, when combined with the current strong precious metal prices, is expected to see the Company generate significant free cashflow.\"\n \nOperational highlights\n§ Q2 2024 attributable production:[1]\no 57,815 ounces of gold\no 2.1 million ounces of silver\no 83,034 gold equivalent ounces\no 6.9 million silver equivalent ounces\n§ H1 2024 attributable production \no 103,752 ounces of gold\no 4.1 million ounces of silver\no 152,792 gold equivalent ounces\no 12.7 million silver equivalent ounces\n§ Reiterate 2024 guidance:\no Production of 343,000-360,000 gold equivalent ounces \no All-in sustaining costs of $1,510-1,550 per gold equivalent ounce \nProject & Exploration highlights\n§ Mara Rosa mine in commercial production with strong second half forecast\n§ Cerrado Gold Inc. shareholders approved Hochschild's purchase of an option to acquire Monte do Carmo project\no $15 million paid already for the option cost; $45 million to be paid in instalments if the option is exercised\no Exploration & technical work ongoing\n§ 2024 Brownfield drilling programme commenced with encouraging early results from Inmaculada and Mara Rosa\nESG highlights\n§ Lost Time Injury Frequency Rate of 1.08 (FY 2023: 0.99)[2]\n§ Accident Severity Index of 62 (FY 2023: 37)[3]\n§ Water Consumption of 136lt/person/day (FY 2023: 163lt/person/day)\n§ Domestic waste generation of 0.94 kg/person/day (FY 2023: 0.93kg/person/day)\n§ ECO score of 5.85 out of 6 (FY 2023: 5.76)[4]\nFinanci...