London-listed Hochschild Mining remains on track to deliver its 2021 production, it said on Wednesday, reporting that its first half output was in line with its expectations and substantially higher than the pandemic-impacted 2020 figure.
The precious metals miner reported attributable production of 175 119 gold-equivalent ounces (GEOs), or 15.1-million silver-equivalent ounces, for the first six months of the year. This compares with 126 835 GEOs in the corresponding period.
Hochschild said that it would achieve its guidance of 360 000 to 372 000 GEOs, or 31-million to 32-million silver-equivalent ounces, at an all-in sustaining cost of between $1 210/GEO and $1 250/GEO.
The company reported half-year revenue of $394.8-million and adjusted earnings before interest, taxes, depreciation and amortisation of $198.5-million, compared with the year-earlier period’s 232-million and $80.6-million, respectively.