en.Wedoany.com Reported - Hochschild Mining PLC, a precious metals mining company listed on the London Stock Exchange, invests approximately $30 million annually in exploration around its Inmaculada gold-silver underground mine in Peru to extend the mine's operational life. Eduardo Landin, the company's CEO for Peru, disclosed in an interview with Mining Direction TV that related brownfield exploration drilling commenced on January 1, 2026, and is currently underway. The mine's expected gold production for 2026 is approximately 180,000 ounces.
Landin stated that the company's exploration strategy aims to fully unlock the significant existing geological potential within the Inmaculada mine area. The exploration process encompasses multiple stages, from identifying geological potential to converting inferred resources into indicated resources, and ultimately upgrading them to mineral reserves that can be incorporated into production. To date, the company has not disclosed specific exploration results data due to compliance obligations with information disclosure requirements for companies listed on the London Stock Exchange.
Hochschild Mining is a precious metals company focused on the exploration, extraction, processing, and sale of silver and gold, with over 60 years of experience in the global mining of precious metals epithermal vein deposits. The company operates three producing mines: the Inmaculada gold-silver underground mine (100% owned) in the Ayacucho region of southern Peru, the San José gold-silver underground mine (51% owned) in the Santa Cruz province of Argentina, and the Mara Rosa open-pit gold mine in the state of Goiás, Brazil. The Inmaculada mine, covering an area of 20,000 hectares and comprising 40 mining concessions, began production in 2015 and is positioned as a core asset by the company.
According to the company's 2025 annual report, as of December 31, 2025, the Inmaculada mine had proven and probable reserves of 5.492 million tonnes of ore, with average grades of 2.19 grams per tonne of gold and 91 grams per tonne of silver, containing a total of 387,500 ounces of gold and 16.1 million ounces of silver. The company's previous financial reports show that the mine has exceeded production guidance for several consecutive years. The mine's environmental impact assessment, approved in August 2023, has extended the mine life by 20 years. Brownfield exploration, as the core of the current strategy, is expected to further expand the resource base and consolidate the asset's advantageous position on the global gold cost curve.
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