Business
Q2 2020 Production Report
Q2 2020 Production Report.
About this update from Hochschild Mining Plc
[{"type":"text","content":"\n \n \n RNS Number : 0080T\n Hochschild Mining PLC\n 15 July 2020\n \n \n \n \n \n \n \n \n \n \n \n _____________________________________________________________________________________\n \n \n \n \n \n 15 July 2020 \n \n \n \n \n \n Production Report for the 6 months ended 30 June 2020\n \n \n \n \n \n Ignacio Bustamante, Chief Executive Officer said:\n \n \n \"At such a difficult time for everyone globally, the Company is focused on supporting our people and communities as well as protecting our finances. I am very proud of the work that our employees are doing, particularly our colleagues at the mines who are operating in the most challenging of circumstances.\n \n \n \n \n \n The second quarter results inevitably reflect the impact of Covid-19 on the countries we operate in. However, we remain in a strong financial position and currently expect that the extensive protective measures we have implemented across the organisation will allow our full team to start returning to Inmaculada next week. We look forward to an ambitious second half schedule, particularly in our brownfield drilling programme, and we expect to issue our updated 2020 guidance when we have assessed the full impact of the current suspension.\"\n \n \n \n \n \n Operational highlights \n \n \n § \n Q2 2020 attributable production:[1]\n \n \n o \n 19,647 ounces of gold\n \n \n o \n 1.1 million ounces of silver\n \n \n o \n 32,712 gold equivalent ounces\n \n \n o \n 2.8 million silver equivalent ounces \n \n \n § \n H1 2020 \n attributable production\n \n \n o \n 79,073 ounces of gold\n \n \n o \n 4.1 million ounces of silver\n \n \n o \n 126,835 gold equivalent ounces\n \n \n o \n 10.9 million silver equivalent ounces\n \n \n § Inmaculada expected to ramp up back to full production by end of July\n \n § Pallancata operating normally \n \n § San Jose in phased ramp-up process \n \n § Full Covid-19 protocols in place at all operations\n \n § Full brownfield exploration programme expected to be completed by year-end\n \n Strong financial position despite Covid-19 impact\n \n \n § \n Total cash of approximately $162 million as at 30 June 2020 ($166 million as at 31 December 2019) \n \n \n § \n Net debt of appr...