Hochschild adds new ounces

摘要

Fresh from adding 46 million ounces of silver-equivalent at its flagship Inmaculada asset in Peru, Hochschild CEO Ignacio Bustamante said the cashed-up company was eyeing acquisition opportunities. Bustamante spoke to Mining Journal in London this week before presenting Hochs-child's annual results to analysts and investors. Strong precious metals prices in the second half of 2019 helped the Americas-focused company increase revenue by 7% year-on-yearto US$755.7 million and adjusted EBITDA by 28% to US$343.3 million. Market response was positive, with Hochschild shares up around 9% to 174p on Wednesday morning versus Tuesday's closing price.