HOCHSCHILD MINING PLC (HOC) — Preliminary Results for the year ended 31 December 2023

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to the HOCHSCHILD MINING PLC preliminary results investor presentation. Throughout this recorded presentation, investors will be in listen only mode. Questions are encouraged and could be submitted at any time. On the q and a tab situated in the right hand corner of your screen, just simply type in your questions and press send. The company may not be in a position to answer every question it received in the meeting itself. However, the company can review all the questions submitted today and publish responses where it's appropriate to do so. Before we begin, I'd like to submit the following poll. And I'd now like to hand you over to Eduardo Landine, CEO. Good morning to you, sir. Good morning, and welcome to our full year 2023 results presentation. We have a very good year, during 2023. On ESG, we have a very, very strong performance. Our revenues, were $694,000,000. Our EBITDA was $274,000,000. And all in sustaining cash cost, it was 1,454 below our revised guidance that we presented during the year. In terms of growth, we have been able to, put in into production Mararosa, which is the Brazilian project that we acquired two years ago. That project has been developed on time on budget. We have finished the construction on the 30, and we have the first port in, the February 20. Today, we are in the ramping up process. We expect to get commercial production on h one twenty twenty four. Also, on the Royal Opata project, we are progressing with the, permitting, and we expect to get that permit on 2026 and start production on 2027. And, also, we have signed a new option for Monte Del Carmen project in Brazil. I will tell you later about this project. The the the best, news that we could have during 2023 is that in August, we received the enviro...