January 24, 2024
Hochschild Mining Sees 15% Output Increase in 2024, Meets Annual Guidance
Meeting 2023 Targets Hochschild Mining has confirmed that its 2023 all-in sustaining costs are expected to meet the revised guidance of $1,490-1,580/oz. gold equivalent. This is a critical development in the company’s ongoing operations. Decline from 2022 The 2023 output represents a 16% decline from 2022, when the company achieved a production level of 358,826 gold-equivalent ounces. Notably, the robust performances from its Peruvian mines were central to this success. The AISC range was also lower in 2022 at $1,330-1,370/oz. Financial Position By year-end, Hochschild’s cash position was approximately $89 million, compared with $144 million by the end of 2022.
