Completion of Acquisition of Monte Do Carmo

 _____________________________________________________________________________________

7 November 2024

Completion of Acquisition of Monte Do Carmo Project

Further to its announcement on 30 October 2024, Hochschild Mining PLC ("Hochschild" or the "Company") (LSE: HOC) (OTCQX: HCHDF) is pleased to announce that its wholly-owned subsidiary, Amarillo Mineração do Brasil Ltda. ("Amarillo Mineração") has completed the acquisition of a 100% interest in the Monte Do Carmo Project (the "Project") from Cerrado Gold Inc. ("Cerrado") (TSXV:CERT)(OTCPK:CRDO.F) (the "Transaction").

Further information

There has been no material change affecting any matter contained in the announcement relating to the Transaction released by the Company on 30 October 2024.

For more information on the Transaction and the background to and reasons for the Transaction, see the announcement released by the Company on 30 October 2024.

________________________________________________________________________________________

Enquiries:

Hochschild Mining PLC

Charlie Gordon                                                                  +44 (0)20 3709 3260

Head of Investor Relations

Hudson Sandler

Charlie Jack                                                                       +44 (0)207 796 4133

Public Relations

________________________________________________________________________________________

RBC Capital Markets                                                     +44 (0)207 653 4000

Financial Advisor

James Agnew

Hugh Samson

________________________________________________________________________________________

About Hochschild Mining PLC

Hochschild Mining PLC is a leading precious metals company listed on the London Stock Exchange (HOCM.L / HOC LN) and crosstrades on the OTCQX Best Market in the U.S. (HCHDF), with a primary focus on the exploration, mining, processing and sale of silver and gold. Hochschild has over fifty years' experience in the mining of precious metal epithermal vein deposits and operates two underground epithermal vein mines: Inmaculada, located in southern Peru; and San Jose in southern Argentina, and an open pit gold mine, Mara Rosa, located in the state of Goiás, Brazil.  Hochschild also has numerous long-term projects throughout the Americas.

_____________________________________________________________________________________

LEI: 549300JK10TVQ3CCJQ89

- ends -