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CORRECTED-Silver miner Hochschild's adjusted core profit rises
August 20, 2014 / 6:20 AM / 3 years ago

CORRECTED-Silver miner Hochschild's adjusted core profit rises

(Corrects paragraph 2 to say adjusted EBITDA rose, not fell)

Aug 20 (Reuters) - Precious metals miner Hochschild Mining Plc reported a 4 percent rise in first-half adjusted core earnings, helped by its aggressive cost-cutting programme and increased output from its assets in Peru and Argentina.

Hochschild’s adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) rose to $94.3 million, from $90.4 million a year earlier.

Net revenue for the six months ended June 30 fell 8.6 percent to $282 million. (Reporting by Abhiram Nandakumar in Bangalore; Editing by Gopakumar Warrier)

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