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Peru's PM to Close Four Silver-Gold Mines, Hochschild Plunges by 50%

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.image 402


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:

image 401

(*2020 data is covid-skewed)


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