Hochschild Plans 50% Output Increase

Bloomberg reported that Hochschild Mining (LSE:HOC) intends on increasing its silver output by 50% by constructing more mines.

As quoted in the market news:

The Inmaculada project, due to start output in the third quarter of 2013 and 60 percent owned by Hochschild, will cost $315 million to construct and produce about 12 million silver equivalent ounces annually.

Click here to read the full Bloomberg report.