Hochschild Mining annual production in line after strong Q4

(Sharecast News) - South America-focused miner Hochschild Mining on Wednesday said full year production had met guidance after a strong final quarter and full contribution from the new Mara Rosa operation in Brazil.

Fourth-quarter attributable production was 98,255 gold equivalent ounces or 8.2 million silver equivalent ounces, slightly stronger than Q3. Overall, 2024 attributable production was 347,374 gold equivalent ounces or 28.8 million silver equivalent ounces.

Hochschild said the results were in line with guidance, partly due to a better-than-forecast performance at the Inmaculada mine in Peru.

Eduardo Landin, Chief Executive Officer said: "The new Mara Rosa mine had a full quarter of operations, and, in Peru, Inmaculada continued to outperform expectations. Additionally, our acquisition of the Monte do Carmo project in Brazil is another significant step forward in our portfolio's development, and we are excited for the low-cost growth opportunity it offers going forward."

Reporting by Frank Prenesti for Sharecast.com