Business
Q1 2026 Production Report
Hochschild Mining PLC reported a solid start to 2026 with attributable production of 75,599 gold equivalent ounces in the first quarter, aligning with expectations and maintaining full-year guidance for production and costs. The company generated strong cash flow, increasing its cash and equivalents to approximately $412 million as of March 31, 2026, resulting in a net cash position of $95 million, a significant improvement from the prior year's net debt. The Inmaculada mine performed well, while the turnaround at Mara Rosa is progressing, and development work continues on the Monte Do Carmo and Royropata projects. Disclaimer*
About this update from Hochschild Mining Plc
_____________________________________________________________________________________ 22 April 2026 Production Report for the 3 months ended 31 March 2026 Performance in line with expectations and continued strong cash generation Eduardo Landin, Chief Executive Officer commented: "We have made a solid start to the year, with a strong operational performance at our flagship Inmaculada mine in Peru whilst the turnaround programme at Mara Rosa in Brazil is progressing well, with continued improvements in the plant and filtering operations. Overall, we have delivered another quarter of strong cash generation and we are on track to meet our full-year production and cost guidance. In parallel, we have continued to advance the engineering work at our Monte Do Carmo gold project in Brazil, where we are targeting the third quarter for project approval and the commencement of construction. Finally, the Environmental Impact Study for the Royropata silver project in Peru is progressing according to plan. With Inmaculada performing well, an improved Mara Rosa, guidance maintained and an exciting portfolio of future growth projects, we see a strong future for Hochschild and look forward to updating the market on our progress" Operational highlights § Q1 2026 attributable production in line with expectations[1] o 55,252 ounces of gold o 1.6 million ounces of silver o 75,599 gold equivalent ounces o 5.8 million silver equivalent ounces § Mara Rosa turnaround plan progressing in line with expectations § 2026 guidance maintained: o Production of 300,000-328,000 gold equivalent ounces o All-in sustaining costs of $2,157 - $2,320 per gold equivalent ounce Project & Exploration highlights § Work at Monte Do Carmo project continuing according to schedule - approval on track for Q3 2026 § Royropata silver project EIS advancing according to plan § 2026 brownfield drilling campaign commenced at all sites - results due from Q2 2026 ESG highlights § Lost Time Injury Frequency Rate of 0.55 (FY 2025: 0.97)[2] § Fresh water used per tonne of ore processed: 0.17 m3/tonne (FY 2025: 0.26 m3/tonne) § Recycled waste of 81.3% (FY 2025: 81.4%) § Local workforce vs total workforce of 65.1% (FY 2025: ...
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