Hochschild Mining PLC Response to Recent Events in Peru Call Transcript
Good day, and welcome to the Hochschild Mining conference call. At this time, I would like to turn the conference over to Mr. Ignacio Bustamante, CEO. Please go ahead, sir.
Thank you, Simon. Good morning, and welcome to our conference call, which will cover the press release which we published this morning. As you have seen, we learned through the Peruvian media outlets on Friday of minutes of a meeting, signed by the Peruvian Head of Cabinet, certain vice ministers as well as regional authorities in the town of Coracora in the Ayacucho region. These minutes refer to alleged environmental complaints and state that our commission has been constituted in order to negotiate the timetable and terms for the closure of certain mining projects in Southern Ayacucho, including our Pallancata and Inmaculada mine. The Peruvian Head of Cabinet then indicated that approvals will no longer be granted to facilitate additional mining or exploration activities in relation to these mining operations. However, we have
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