Hochschild sees lower output on lockdowns in Peru, Argentina


Precious metals miner Hochschild Mining said on Monday it expects lower annual production than forecast earlier this year as COVID-19-related disruptions hampered mining activity at its assets in Peru and Argentina.

The company, which operates two mines in Peru and one in Argentina, said it was targeting 2020 overall attributable production of 280,000-290,000 gold equivalent ounces or 24-25 million silver equivalent ounces.

The miner in April withdrew its earlier output forecast of 422,000 gold equivalent ounces or 36 million silver equivalent ounces, after it was forced to temporarily shut all of its mines due to lockdowns.

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