By Jaime Llinares Taboada
Hochschild Mining PLC on Wednesday said its third-quarter gold-and-silver production almost doubled from the April-June period, and reaffirmed its revised 2020 guidance.
The FTSE 250 company said gold-equivalent production surged 97% to 83,690 ounces in the three months ended Sept. 30, compared with the quarter ended June 30--when the pandemic disrupted its mining operations.
However, third-quarter production was 41% below that of a year earlier, as the Inmaculada mine in Peru continued to feel the effects of the pandemic, Hochschild said.
Gold sales rose 33% from the preceding quarter, and silver sales surged 75%, it said.
For the full year, Hochschild reaffirmed its 280,000-290,000 gold-equivalent-ounces production target, with all-in sustaining costs of $1,250 to $1,290 an ounce.
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