Hochschild suspends operations at Inmaculada after fatal accident

The company said an investigation is currently underway and all relevant authorities have been informed. It insisted it is committed to reviewing and reinforcing procedures to ensure safety remains the top priority across the company.

Chief executive Ignacio Bustamante said: “We deeply regret this tragic accident. The safety of those employed at our operations is the company's highest priority.Our thoughts and prayers go out to the individuals' families and friends. We have launched a full investigation to determine the cause of the accident, and are offering support to the family and employees at the mine site."

At 0813 GMT, the shares were down 4.7% to 235p.