Hochschild Mining
 | |
| Type | Public (LSE: HOC) |
|---|---|
| Industry | Mining |
| Founded | 1911 |
| Headquarters | London, UK |
| Key people |
Eduardo Hochschild, Chairman Roberto Dañino, Deputy Chairman Ignacio Bustamante, CEO |
| Revenue | $818.0 million (2012)[1] |
| Operating income | $219.8 million (2012)[1] |
| Net income | $126.9 million (2012)[1] |
| Website | www.hochschildmining.com |
Hochschild Mining plc is a leading British-based silver and gold mining business operating in North, Central and South America. It is headquartered in London and is listed on the London Stock Exchange. The main shareholder is the Peruvian businessman Eduardo Hochschild.
History
The company was founded in 1911 by Mauricio Hochschild. It was first listed on the London Stock Exchange in 2006.[2] It started operations at the San José mine in Argentina in June 2007,[3] at the Moris mine in Mexico in August 2007[4] and at the Pallancata mine in southern Peru in September 2007.[5] In 2008 it took a 40% stake in the Lake Shore mine in Canada.[6]
In 2012 local people in Chumbivilcas complained about the Ares mine and the government of Peru decided to suspend operations in Ares on a temporary basis so it could carry out an environmental audit.[7]
Operations
The Company has mines in the following locations:
- Peru - Arcata, Ares, Selene and Pallancata mines
- Argentina - San José mine
- Mexico - Moris mine, El Aguila
- Canada - Lake Shore mine
The Company is currently focusing much of its investment on the Ares[8] and San José mines.[9]
References
- ↑ 1.0 1.1 1.2 Preliminary Results 2012
- ↑ Hochschild plans London IPO Mining Journal, 13 October 2006
- ↑ Hochschild, Minera Andes settle lawsuit Mining Weekly, 21 September 2010
- ↑ Hochschild Mining - production commences at Moris mine in Mexico Mineweb, 13 August 2007
- ↑ Pallancata Mine International Minerals
- ↑ Lake Shore Gold Corporation Announces Revised Agreement With Hochschild Mining
- ↑ HudBay Minerals says Peru copper project on track Marketwatch, 13 February 2012
- ↑ Hochschild Mining Orders Five Additional In Line Leach Reactors for Ares Mine
- ↑ Hochschild Mining issues profit warning