Hochschild shares rise on higher Q1 output

LSE-listed Hochschild Mining has reported higher-than-expected first-quarter production, as record output at the Inmaculada mine, as well as a strong result from the Pallancata mine – both located in Peru – buoyed output. During the three months ended March 31, Hochschild reported attributable production of 9.8-million ounces of silver equivalent, or 132 036 oz of gold equivalent ounces. This compared with attributable output of 8.6-million ounces of silver equivalent, or 116 000 oz of gold equivalent in the comparable year-earlier period.