August 26, 2015 at 12:32PM
- Due to low prices of silver and gold, Hochschild reported poor results in 1H 2015.
- The main reasons standing behind it are relatively high costs of production and problems reported by Pallancata (one of the company’s four operating mines).
- Fortunately, in 2H 2015 Hochschild should put into commercial operations a new mine, called Inmaculada.
- Inmaculada should deliver huge amount of silver equivalents; additionally, this mine should be the lowest cost producer in the company’s mineral portfolio.
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Jeronimo Silver 