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Hochschild Mining PLC - Gold and silver miner with operations in South America - Achieves first gold pour at its Mara Rosa project in the Goias State, Brazil. Mara Rosa is the company’s first project in Brazil, and Hochschild says that commercial production is expected towards the end of the second quarter. In January, Hochschild said that completion of the new mine would allow the company to increase its total output by 15% over 2024. The company produced 186,091 ounces gold in 2023, as well as 9.5 million ounces of silver. Hochschild says that Mara Rosa is expected to produce between 83,000 and 93,000 ounces of gold in 2024. Chief Executive Officer Eduardo Landin says: ‘We are all very proud of the team for delivering Brazil’s newest gold mine. Mara Rosa will be a low-cost operation that will create significant value for all our stakeholders. It plays an important part in our stated strategy of increasing production and reducing costs in the coming years.’ Current stock price: 89.40 pence per share, up 0.6% in London on Wednesday morning. 12-month change: up 41% Copyright 2024 Alliance News Ltd. All Rights Reserved.
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