Hochschild Mining PLC Clarification from Peruvian Government (5263T)
November 25 2021 - 1:00AM
UK Regulatory
TIDMHOC
RNS Number : 5263T
Hochschild Mining PLC
25 November 2021
_____________________________________________________________________________________
25 November 2021
Hochschild Welcomes Clarification from Peruvian Government
Hochschild Mining PLC ("Hochschild" or the "Company") (LSE: HOC)
(OTCQX: HCHDF) welcomes the announcement issued yesterday from the
Presidency of the Council of Ministers clarifying reported
statements made by the Head of Cabinet on Friday 19 November. In
particular, the Company notes the government's commitment to
upholding the rule of law and that its express recognition of the
continued rights of mining companies to request extensions and
modifications of existing permits for mining and exploration
activities.
In line with the announcement, the Company's operations in
southern Ayacucho, Pallancata and Inmaculada will continue to
operate under the existing legal framework.
Please find a link below to the government's statement (in
Spanish):
https://www.gob.pe/institucion/pcm/noticias/563320-declaracion-dialogo-entre-el-poder-ejecutivo-y-la-sociedad-nacional-de-mineria-petroleo-y-energia
Ignacio Bustamante, CEO, commented:
"We welcome yesterday's clarification from the Peruvian
government. This has been the result of discussions between senior
members of the Cabinet and representatives from the mining
industry. We are pleased that our Inmaculada and Pallancata mines
can continue to operate without further uncertainty and,
furthermore, we reaffirm our goal to increasing our resources and
extending our mine lives, in accordance with current
legislation.
We would like to thank our communities, our employees, and those
institutions and businesses who spoke out in support of legal
certainty, employment, and private investment in the country. At
Hochschild we have a long-held commitment to working responsibly,
which brings together close collaboration with local communities
and working with respect for the environment. We will build on this
approach as we continue to contribute to the development of
southern Ayacucho and Peru."
________________________________________________________________________________________
Enquiries:
Hochschild Mining PLC
Charles Gordon +44 (0)20 3709 3264
Head of Investor Relations
Hudson Sandler
Charlie Jack +44 (0)207 796 4133
Public Relations
________________________________________________________________________________________
About Hochschild Mining PLC
Hochschild Mining PLC is a leading precious metals company
listed on the London Stock Exchange (HOCM.L / HOC LN) and
crosstrades on the OTCQX Best Market in the U.S. (HCHDF), with a
primary focus on the exploration, mining, processing and sale of
silver and gold. Hochschild has over fifty years' experience in the
mining of precious metal epithermal vein deposits and currently
operates three underground epithermal vein mines, two located in
southern Peru and one in southern Argentina. Hochschild also has
numerous long-term projects throughout the Americas.
_____________________________________________________________________________________
Forward-looking statements
Certain statements contained in this announcement that are not
historical fact are "forward-looking" statements. These
forward-looking statements are subject to a number of risks and
uncertainties, many of which are beyond the Company's control and
all of which are based on the Company's current beliefs and
expectations about future events. Forward-looking statements are
typically identified by the use of forward-looking terminology such
as "believes", "expects", "may", "will", "could", "should",
"intends", "estimates", "plans", "assumes" or "anticipates" or the
negative thereof or other variations thereon or comparable
terminology, or by discussions of strategy that involve risks and
uncertainties. In addition, from time to time, the Company or its
representatives have made or may make forward-looking statements
orally or in writing. Furthermore, such forward-looking statements
may be included in, but are not limited to, press releases or oral
statements made by or with the approval of an authorised executive
officer of the Company. These forward-looking statements, and other
statements contained in this announcement regarding matters that
are not historical facts, involve predictions. No assurance can be
given that such future results will be achieved; actual events or
results may differ materially as a result of risks and
uncertainties facing the Company and its subsidiaries. Such risks
and uncertainties could cause actual results to vary materially
from the future results indicated, expressed or implied in such
forward-looking statements.
The forward-looking statements reflect knowledge and information
available at the date of preparation of this announcement. Except
as required by the Listing Rules and applicable law, the Company
does not undertake any obligation to update or change any
forward-looking statements to reflect events occurring after the
date of this announcement. Nothing in this announcement should be
construed as a profit forecast.
LEI: 549300JK10TVQ3CCJQ89
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