Hochschild reiterates FY guidance after strong Q1

Strong contributions from Hochschild Mining's Inmaculada and Pallancata mines boosted first quarter output and left the company on track to meet full-year targets, it said on Tuesday.

In a trading update, the company said it produced 67,419 ounces of gold and 4.4m ounces of silver during the period.

It added that it was on track to deliver overall a 2019 production target of 457,000 gold equivalent ounces. All-in sustaining costs were set to meet $960 - $1,000 per gold equivalent ounce guidance.

Hochschild said it had total cash of about $88m, up from $80m at the end of 2018. Net debt was $9m lower at $68m quarter on quarter.