Silver and gold producer Hochschild posts half-year loss as production hit by permit delay

France Nouvelles Nouvelles

Silver and gold producer Hochschild posts half-year loss as production hit by permit delay
France Dernières Nouvelles,France Actualités
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A roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.

- South America-focused precious metals producer Hochschild today announced its H1 2023 attributable production of 136,878 gold equivalent ounces, a decrease of 13% compared to H1 2022 .

The company’s all-in sustaining costs from operations in H1 2023 were $1,572 per gold equivalent ounce , higher than H1 2022 mainly due to lower tonnage at Inmaculada and lower grades at San Jose, partially offset by higher grades at Inmaculada. The company explained that its H1 2023 financial results were primarily impacted by lower silver and gold production due to the Inmaculada permit delay, as well as higher costs.

In 2023, the company expects to produce 289,000-303,000 gold equivalent ounces at all-in sustaining costs of $1,490-$1,580 per gold equivalent ounce .

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