23rd Jan 2017 07:55
LONDON (Alliance News) - Hochschild Mining PLC on Monday said operations at its Pallancata mine in Peru will restart by Wednesday, after an agreement was reached with a local community.
The gold and silver miner in December announced production at Pallancata was stopped due to a road blockade by members of the local community "demanding the renegotiation of existing agreements for land easements".
However, on Monday, Hochschild said the dispute has been resolved and confirmed that, despite the stoppage, its production forecast for 2017 of 6.0 million silver equivalent ounces and associated all-in sustaining cost guidance has not been affected.
Pallancata is one of four producing mines within Hochschild's portfolio, sitting alongside Arcata and Inmaculada in Peru and the San Jose mine in Argentina.
By Hannah Boland; [email protected]; @Hannaheboland
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