Hochschild Mining PLC (STU:H3M)
€ 2.82 -0.015 (-0.53%) Market Cap: 1.46 Bil Enterprise Value: 1.71 Bil PE Ratio: 45.09 PB Ratio: 2.67 GF Score: 65/100

Q1 2021 Hochschild Mining PLC Corporate Sales Call Transcript

Apr 21, 2021 / 01:00PM GMT
Release Date Price: €2.14 (+0.52%)
Operator

Good day, and welcome to the Hochschild Mining Conference Call. At this time, I would like to turn the conference over to Ignacio Bustamante, Chief Executive Officer. Please go ahead.

Ignacio Bustamante
Hochschild Mining plc - CEO & Director

Thank you, Dana. Hello, and welcome to the first quarterly conference call of the year. As usual, I'm here in Lima, and also on the line is Ramón Barúa, our CFO; and in London is Charlie Gordon, our Head of Investor Relations.

The year has started well for us with all our mines operating as normal in the first quarter of the year and in which our group production was just under 86,000 gold equivalent ounces or 7.4 million silver equivalent ounces.

We are firmly on track to meet our 2021 target of between 360,000 and 372,000 gold equivalent ounces or between 31 million and 32 million equivalent ounces.

At Inmaculada, we had a good quarter with tonnages slightly higher than expectations and better-than-expected grade. Production was just short of 40,000 ounces of gold and 1.4 million ounces

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