Hochschild Mining on track to deliver full-year production target

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Hochschild Mining PLC (LON:HOC) said it is on track to deliver the full-year production target of 280-290,000 gold equivalent ounces.

In the nine months to September 30, the miner produced 39,195 ounces of gold and 2.5mln ounces of silver.

READ: Hochschild Mining gives production guidance for 2020 as Inmaculada hits full capacity

A new exploration programme has started with the main results are expected in the fourth quarter and drilling campaigns ongoing at all three current operations as well as at Arcata and Crespo.

At the end of the third quarter, the firm had total cash of US$196mln, with net debt of US$21mln.

Shares slipped 2% to 243.42p on Wednesday morning.

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