21st Oct 2014 06:48
LONDON (Alliance News) - Hochschild Mining PLC on Tuesday said it has repaid its final outstanding convertible bond, reducing its overall debt.
The FTSE 250-listed group said it has repaid the outstanding USD114.9 million in full, using existing cash resources.
In August, Hochschild said its pretax loss narrowed sharply in the first half of the year, after a big impairment the previous year was not repeated and the company reined in costs across the business, although it said revenue was hit by lower metal prices.
By Sam Unsted; [email protected]; @SamUAtAlliance
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