Hochschild Mining

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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 $622.2 million (2013)[1]
Operating income $17.7 million (2013)[1]
Net income $(128.7)million (2013)[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, is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. 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]