Update: After Friday night's surprise news from Peru, London trading is now underway with the share price of Hochschild plunging by over 50% in morning trading.
Despite some recovery in the share price, the market capitalization of Hochschild has been reduced by around $1/2-billion dollars.
Peru's PM to Close Four Silver-Gold Mines
Two of them are owned by Hochschild Mining; the other two are smaller operations.
Hochschild's Inmaculada & Pallancata mines produced nearly 13M ozs of Silver in 2019*
2021 guidance numbers for the two mines exceeds 25M Silver ounces:
(*2020 data is covid-skewed)