The company transferred two assets to the Sierra Caraz company, linked to Sierra Sun Priceus Metals, a private mining group with operations in Peru.
Minera company Hochschild Mining announced the closure of the sale of its old Arcata minemain silver producer in Arequipa, and the Azuca project (also silver), located between Cusco and ApurÃmac, to Sierra Caraz, a company linked to Sier Peru.
While the amount of the transaction has not been revealed, this operation is part of its strategy to concentrate on its main assets in Peru, such as the Immaculate Mine and the Pallancata-Rayropata project both located in Ayacuchoas well as in its investments in Brazil and Argentina, according to the company in a statement to the London Stock Exchange.
Arcata, an underground mine with predominant silver production in the region of Arequipaoperated from 1964 to its closure in February 2019. For its part, the Azuca project, located between Cusco and ApurÃmac, is also focused on silver and is 60 km from arcata.
As of December 31, 2021, its measured and indicated mineral resources added 7.1 million tons with a law of 0.77 grams of gold and 188 grams of silver per ton, which is equivalent to 173,500 ounces of gold and 42.7 million ounces of silver.
At the close of the first semester of 2024, Hochschild Mining recorded a 25% increase in its income, to total a little more than US $ 391 million. In its efforts to strengthen its mining portfolio, in October 2023, the company bought the Monte Do Carmo Auriferous project for US $ 60 million.
Source: Larepublica
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