27th Mar 2009 07:00
RNS Number : 5910P
Hochschild Mining PLC
27 March 2009
27 March 2009
Hochschild Mining successfully resolves industrial action
On track to meet 2009 production target of 28 million
Hochschild Mining plc ("Hochschild") is pleased to announce that it has successfully concluded negotiations relating to the industrial action announced on 23 March 2009. All four Peruvian operations are now operating at full capacity and there has been no impact on the Company's 2009 production target of 28 million attributable silver equivalent ounces.
Miguel Aramburú, CEO of Hochschild Mining, commented:
"I am pleased that we have reached a swift conclusion to the industrial action in Peru. We are on track to deliver our 2009 production target and will continue to implement rigorous cost saving measures with the aim of reducing costs below 2008 levels. We have a long history of good relations with our employees and remain committed to operating in the interests of all our stakeholders."
Enquiries:
Hochschild Mining plc
Isabel Lutgendorf +44 (0) 207 907 2934
Head of Investor Relations
Finsbury
Robin Walker +44 (0) 207 251 3801
Zoe Watt
About Hochschild Mining plc:
Hochschild Mining plc is a leading precious metals company listed on the London Stock Exchange (HOCM.L for Reuters / HOC LN for Bloomberg) with a primary focus on the exploration, mining, processing and sale of silver and gold. Hochschild has over forty years experience in the mining of precious metal epithermal vein deposits and currently operates five underground epithermal vein mines, four located in southern Peru, one in southern Argentina and one open pit mine in northern Mexico. Hochschild also has over sixteen long-term prospects throughout the Americas.
For further information please visit www.hochschildmining.com
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