Business
Q3 2017 Production Report
Q3 2017 Production Report.
About this update from Hochschild Mining Plc
[{"type":"text","content":"\n \nRNS Number : 8783T Hochschild Mining PLC 18 October 2017 \n\n \n__________________________________________________________________________________\n \n18 October 2017 \n \nProduction Report for the 9 months ended 30 September 2017\n \nPlease click on the link below to open a PDF version of this announcement:\nhttp://www.rns-pdf.londonstockexchange.com/rns/8783T_1-2017-10-17.pdf \n\nIgnacio Bustamante, Chief Executive Officer said:\n\"Hochschild achieved record production levels in Q3 2017 driven by a strong performance from Inmaculada and we are firmly on track to hit our 37 million silver equivalent ounce target for the year. Costs remain under control and we can look forward to our financial position improving in the near future with good cashflow generation and a planned debt re-financing in the first quarter of next year.\n \nThe Pablo permitting process continues as expected with no major issues encountered so far. We are currently in the final stages and we expect to receive the environmental permit by the end of the month.\n \nWe are now in the middle of our brownfield exploration campaign and have seen some encouraging results from Arcata, San Jose and also at Inmaculada where underground drilling has already revealed a number of new veins close to the original Angela vein. Furthermore, with the permit recently received from the Peruvian government, we can now begin the surface drilling campaign at the deposit.\"\n \nOperational highlights \n§ Record quarterly attributable production[1]\no 5.3 million ounces of silver\no 67,234 ounces of gold\no 10.3 million silver equivalent ounces\no 139,388 gold equivalent ounces\n§ Q3 YTD 2017 attributable production in line with expectations\no 14.3 million ounces of silver\no 188,664 ounces of gold\no 28.2 million silver equivalent ounces (Q3 YTD 2016: 26.9 million silver equivalent ounces)\no 381,596 gold equivalent ounces (Q3 YTD 2016: 363,001 gold equivalent ounces)\n§ On track to deliver overall 2017 production target of 37 million silver equivalent ounces\n§ 2017 all-in sustaining costs per silver equivalent ounce expected to meet $12.2-12.7 guidance\nExploration highlights \n§ Inmaculada surface drilling permit received for all planned exploration campaigns in ...