New Peruvian Projects to Boost Hochschild’s Silver Output by 50 Percent

Mineweb reported that Latin America’s Hochschild Mining plc (LSE:HOC) believes its two new Peru-based projects will increase its silver production by 50 percent by the end of the year.

As quoted in the market news:

The company’s chief executive, Ignacio Bustamante, said two new projects – Inmaculada and Crespo in Peru’s southern Andes – will increase its production of silver at the end of next year.

‘We have two advanced projects in Peru … whose contribution is going to mean increasing out production of silver by 50 percent, and both projects are programmed to start at the end of 2014,’ Bustamante said at a mining conference in Peru.

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