Hochschild Mining Q1 production falls, maintains guidance

The South America-focused miner reported attributable production of 80,889 gold equivalent ounces or 5.8 million silver equivalent ounces, down from 92,130 and 7,306 respectively year on year.

A better than expected result from its Inmaculada operation was offset by further Covid disruption hitting the San Jose mine in Argentina and lower than expected grades at Pallancata.

Hochschild reiterated all-in sustaining costs guidance for 2022 of between $1,330 and $1,370 per gold equivalent ounce.

“The company remains on track to meet its overall attributable production target for 2022 of 360,000-375,000 gold equivalent ounces or 26.0-27.0 million silver equivalent ounces,” it added.