Key Developments: Hochschild Mining PLC (HOCM.L)

HOCM.L on London Stock Exchange

163.10GBp
22 Aug 2014
Price Change (% chg)

-1.10p (-0.67%)
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Latest Key Developments (Source: Significant Developments)

Hochschild Mining PLC reaffirms FY 2014 production outlook
Wednesday, 20 Aug 2014 02:00am EDT 

Hochschild Mining PLC:Says FY 2014 production target of 21.0 mln attributable silver equivalent ounces on track.  Full Article

Riverside Resources Inc and alliance partner, Hochschild Mining Plc., acquire option to earn 100 pct. interest in Cajon Gold project in Sonora, Mexico
Monday, 3 Feb 2014 09:00am EST 

Riverside Resources Inc:Signs a definitive agreement with a private Mexican company to acquire an undivided 100 pct. interest in the Cajon Gold project (the project).Says the 94 km2 Project is located about 7 km east of the Cerro Colorado Mine and about 55 km west of the San Francisco Mine, within the Sonora Megashear Gold Belt, and in the source area of the Boludo placer gold fields, one of northern Mexico's most productive placer districts.Says Riverside and its alliance partner (the alliance) can acquire a 100 pct. interest in the Project for: $15,000 payment upon signing a definitive agreement; paying 2013 mineral concession taxes within 30 days of signing the definitive agreement;.$20,000 in cash or Riverside shares within three years of signing definitive agreement; $25,000 in cash or Riverside shares within four years of signing the definitive agreement.once the option has been exercised, the underlying private owner will hold a 1.5 pct. net smelter return (NSR) royalty, with each 0.5 pct. increment purchasable for $500,000 at any time.Says its alliance partner, Hochschild Mining Plc., will have the opportunity to earn a 65 pct. interest in the Project by incurring $5,000,000 in exploration expenditures over four years.  Full Article

Hochschild Mining PLC announces pricing of $350 mln of 7.875 pct senior notes due 2021
Thursday, 16 Jan 2014 02:02am EST 

Hochschild Mining PLC:Says its subsidiary, Compañía Minera Ares S.A.C. has on Jan. 15 agreed on pricing of an issuance of $350 mln aggregate principal amount of 7.875 pct Senior Notes due 2021 (the notes).Says the net proceeds from the sale of the notes will be used to repay the outstanding borrowings under the Bridge Facility (the Bridge) in full, plus accrued and unpaid interest, and to pay related fees and expenses.Says the remaining proceeds will be used for general corporate purposes.  Full Article

Hochschild Mining PLC completes acquisition of Pallancata And Inmaculada Minorities
Monday, 23 Dec 2013 02:00am EST 

Hochschild Mining PLC:Says it has completed the plan of arrangement to acquire the 40% interests held by International Minerals Corp in the Pallancata mine and Inmaculada Advanced Project in Peru.  Full Article

Hochschild Mining PLC to issue $350 mln in bonds - Reuters
Friday, 29 Nov 2013 06:57am EST 

Hochschild Mining PLC:Says Hochschild Mining PLC plans a $350 million bond issue to fund its expansion in Peru as well as a project in Chile - Reuters.Says it hopes to increase its silver output by 50 percent from the current 20 million ounces a year.  Full Article

Lupaka Gold Corp announces Josnitoro Gold Project option with Hochschild Mining PLC
Tuesday, 26 Nov 2013 08:30am EST 

Lupaka Gold Corp:Says it entered into memorandum of understanding with Compania Minera Ares and Minera del Suroeste (indirect subsidiaries of Hochschild Mining PLC).Says execution of a definitive agreement that will allow it to earn-in to a 65 percent interest on the Josnitoro Gold Project in Southern Peru.Says Josnitoro Gold Project is an exploration stage gold and copper project in the Department of Apurimac with surface gold values in oxide veins and veinlets on the perimeter of central oxide copper skarn.  Full Article

Hochschild Mining PLC Reaffirms FY 2013 Production Guidance
Wednesday, 16 Oct 2013 02:00am EDT 

Hochschild Mining PLC announced that it is on track to achieve its fiscal 2013 production target of 20.0 million attributable silver equivalent ounces in 2013, with production at its core operations set to remain broadly stable throughout the rest of 2013.  Full Article

Inversiones Pacasmayo SA Approves Subscription For Hochschild Mining PLC’s Shares
Wednesday, 2 Oct 2013 07:16pm EDT 

Inversiones Pacasmayo SA announced that on October 1, 2013 its Board of Directors approved the subscription for up to 16,905,066 common shares of Hochschild Mining PLC for the total amount of USD 50,000,000.  Full Article

Hochschild Mining PLC Announces Equity Placing
Wednesday, 2 Oct 2013 02:00am EDT 

Hochschild Mining plc (Hochschild or the Company) announced that its intention to place between 16,905,067 and 33,810,134 new ordinary shares of GBP0.25 each (the Placing) to raise approximately $48-$96 million of proceeds. The proceeds will be used to partially fund the acquisition of the 40% interests held by International Minerals Corporation in the Pallancata mine and Inmaculada project (the "Peruvian Assets") which is being announced concurrently (the "Acquisition"). Prior to the Acquisition, Hochschild holds a 60% interest in the Peruvian Assets. Please refer to the acquisition announcement published on 2 October 2013 for further details of the Acquisition. Please note that completion of the Placing is not conditional on the closing of the Acquisition, which is subject to a number of conditions, including approval of the Company's shareholders in an extraordinary general meeting to be held in due course.  Full Article

International Minerals Corp To Be Acquired By Hochschild Mining PLC
Tuesday, 1 Oct 2013 08:01pm EDT 

International Minerals Corp announced that it has entered into a binding arrangement agreement with Hochschild Mining plc. pursuant to which Hochschild will acquire IMZ, primarily for IMZ's 40% interest in the jointly-owned (Hochschild 60%) Peruvian assets: the Pallancata silver mine and the Inmaculada gold-silver development project. Hochschild will acquire all of the issued and outstanding shares of IMZ (other than those that it already owns) by way of a court-approved Plan of Arrangement under the Business Corporations Act (Yukon). Pursuant to the Arrangement Agreement, each IMZ shareholder (other than Hochschild in respect of the cash) will receive consideration comprising USD2.38 (approximately CDN$2.46) per common share in cash and one common share of a new Canadian public company for each common share of IMZ.  Full Article

UPDATE 1-Silver miner Hochschild's adjusted core profit up on cost cuts

Aug 20 - Silver 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 mines in Peru and Argentina.

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