Hochschild Mining PLC Inmaculada Environmental Permit Approved (0413I)
02 Août 2023 - 8:00AM
UK Regulatory
TIDMHOC
RNS Number : 0413I
Hochschild Mining PLC
02 August 2023
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2 August 2023
Inmaculada Environmental Permit Approved by Peruvian
Government
Highlights
-- Inmaculada's Modified Environmental Impact Assessment
approved for an additional 20 years
-- Enables development of high-grade reserves and resources
close to Inmaculada's operations
-- Resumption of brownfield exploration strategy at
Inmaculada
Hochschild Mining PLC ("Hochschild" or the "Company") (LSE: HOC)
(OTCQX: HCHDF) is pleased to announce that the Modified Environment
Impact Assessment ("MEIA") for its Inmaculada operation in
southwest Peru has received regulatory approval from SENACE, Peru's
National Service of Environmental Certification for Sustainable
Investments.
The MEIA is an important milestone for the Company, paving the
way for its flagship mine to generate significant additional value
for all stakeholders over the next two decades. The Company will
now focus on implementing its growth strategy whilst maintaining
the highest levels of safety, environmental stewardship and
responsible business practices. By securing this key environmental
permit, Hochschild is confirming its long-term commitment to
investing in the Ayacucho region and its communities.
Ignacio Bustamante, Chief Executive Officer said:
"This approval represents a significant achievement for
Hochschild and the Peruvian mining industry and demonstrates the
Government's commitment to confirming Peru's position as an
attractive mining friendly jurisdiction.
I would like to congratulate all the teams involved who have
worked tirelessly for four years on the MEIA and have ensured
Inmaculada's long-term future. We believe this world-class deposit
will continue to underpin our Company for many decades to come and
are looking forward to reigniting the successful brownfield
exploration programme and continuing to invest in the region and
its communities."
Eduardo Landin, Chief Operating Officer added:
"Our Company is now in a strong position to advance our
long-term strategic objectives. Having secured Inmaculada's future,
we can look forward to first production from our exciting Mara Rosa
project in Brazil in the first half of 2024, progressing the new
Royropata deposit at our Pallancata operation, and continuing to
assess value accretive business development opportunities."
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Enquiries:
Hochschild Mining PLC
Charles Gordon
+44 (0)20 3709 3264
Head of Investor Relations
Hudson Sandler
Charlie Jack
+44 (0)20 796 4133
Public Relations
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About Hochschild Mining PLC
Hochschild Mining PLC is a leading precious metals company
listed on the London Stock Exchange (HOCM.L / HOC LN) 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 currently
operates three underground epithermal vein mines, two located in
southern Peru and one in southern Argentina. Hochschild also owns
the Mara Rosa Advanced Project in Brazil as well as numerous
long-term projects throughout the Americas.
LEI: 549300JK10TVQ3CCJQ89
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