Hochschild Mining receives approval for Inmaculada project

Highlights:

• Inmaculada’s MEIA approved for an additional 20 years.
• Enables development of high-grade reserves and resources close to Inmaculada’s operations.
• Resumption of brownfield exploration strategy at Inmaculada.

The MEIA is an important milestone for the company, paving the way for its flagship mine to generate significant additional value for all stakeholders over the next two decades. The company will now focus on implementing its growth strategy whilst maintaining the highest levels of safety, environmental stewardship, and responsible business practices. By securing this key environmental permit, Hochschild is confirming its long-term commitment to investing in the Ayacucho region and its communities.

Ignacio Bustamante, Chief Executive Officer, said:

“This approval represents a significant achievement for Hochschild and the Peruvian mining industry and demonstrates the Government’s commitment to confirming Peru’s position as an attractive mining friendly jurisdiction.

“I would like to congratulate all the teams involved who have worked tirelessly for four years on the MEIA and have ensured Inmaculada’s long-term future. We believe this world-class deposit will continue to underpin our company for many decades to come and are looking forward to reigniting the successful brownfield exploration programme and continuing to invest in the region and its communities.”

Eduardo Landin, Chief Operating Officer, added:

“Our company is now in a strong position to advance our long-term strategic objectives. Having secured Inmaculada’s future, we can look forward to first production from our exciting Mara Rosa project in Brazil in the first half of 2024, progressing the new Royropata deposit at our Pallancata operation, and continuing to assess value accretive business development opportunities.”

Read the article online at: https://www.globalminingreview.com/mining/04082023/hochschild-mining-receives-approval-for-inmaculada-project/