London-listed precious metals producer Hochschild Mining has lowered its production guidance and increased its cost forecast for the year, citing environmental approval delays on the Immaculada project, in Peru, and accelerated mine development costs at the San Jose project, in Argentina. The company initially expected to produce between 301 000 and 314 000 gold-equivalent ounces (GEOs) for 2023, but has decreased that range to between 289 000 and 303 000 GEOs.
London-listed precious metals producer Hochschild Mining has lowered its production guidance and increased its cost forecast for the year, citing environmental approval delays on the Immaculada project, in Peru, and accelerated mine development costs at the San Jose project, in Argentina.
Attributable silver production was 4.4-million ounces, which was 12% lower year-on-year, while attributable gold production was 83 000 oz, which was 14% lower year-on-year.
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