Hochschild Mining

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Hochschild Mining
Type Public (LSEHOC)
Industry Mining
Founded 1911
Headquarters London, UK
Key people Eduardo Hochschild, Chairman
Roberto Dañino, Deputy Chairman
Ignacio Bustamante, CEO
Revenue $818.0 million (2012)[1]
Operating income $219.8 million (2012)[1]
Net income $126.9 million (2012)[1]
Website www.hochschildmining.com

Hochschild Mining plc is a leading British-based silver and gold mining business operating in North, Central and South America. It is headquartered in London and is listed on the London Stock Exchange. The main shareholder is the Peruvian businessman Eduardo Hochschild.

History[edit]

The company was founded in 1911 by Mauricio Hochschild. It was first listed on the London Stock Exchange in 2006.[2] It started operations at the San José mine in Argentina in June 2007,[3] at the Moris mine in Mexico in August 2007[4] and at the Pallancata mine in southern Peru in September 2007.[5] In 2008 it took a 40% stake in the Lake Shore mine in Canada.[6]

In 2012 local people in Chumbivilcas complained about the Ares mine and the government of Peru decided to suspend operations in Ares on a temporary basis so it could carry out an environmental audit.[7]

Operations[edit]

The Company has mines in the following locations:

  • Peru - Arcata, Ares, Selene and Pallancata mines
  • Argentina - San José mine
  • Mexico - Moris mine, El Aguila
  • Canada - Lake Shore mine

The Company is currently focusing much of its investment on the Ares and San José mines.[8]

References[edit]

External links[edit]