https://www.miningweekly.com
Copper|Gold|Mining|transport|Operations
Copper|Gold|Mining|transport|Operations
copper|gold|mining|transport|operations

Hochschild sees lower output on lockdowns in Peru, Argentina

7th September 2020

By: Reuters

  

Font size: - +

Precious metals miner Hochschild Mining said on Monday it expects lower annual production than forecast earlier this year as Covid-19-related disruptions hampered mining activity at its assets in Peru and Argentina.

The company, which operates two mines in Peru and one in Argentina, said it was targeting 2020 overall attributable production of 280 000 to 290 000 gold equivalent ounces (GEOs) or 24-25 million silver equivalent ounces.

The miner in April withdrew its earlier output forecast of 422 000 GEOs or 36-million silver equivalent ounces, after it was forced to temporarily shut all of its mines due to lockdowns.

London-listed Hochschild said it had successfully ramped-up operations at its flagship Inmaculada in Peru, with the mine now running at full capacity.

Peru, a top global metals exporter, saw its output of copper, gold and zinc nosedive in the first half of 2020 due to coronavirus restrictions.

Hochschild said it expects operating costs to inch higher because of reduced production, lower grades and government-imposed transport restrictions.

Edited by Reuters

Comments

Latest Multimedia

Photo of Martin Creamer
On-The-Air (26/04/2024)
Updated 1 hour 48 minutes ago By: Martin Creamer

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
SBS Tanks
SBS Tanks

SBS® Tanks is a leading provider of innovative water security solutions with offices in Southern Africa, East and West Africa, the USA and an...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine cover image
Magazine round up | 26 April 2024
26th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.066 0.102s - 92pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: