LONDON (dpa-AFX) - Hochschild Mining PLC (HOC.L) reported that it delivered a record attributable production of 133.9 thousand gold equivalent ounces or 9.9 million silver equivalent ounces in the third-quarter of 2016. This comprised of 5.0 million ounces of silver and 66.4 thousand ounces of gold.
Overall, in the first nine months of 2016, the Company delivered attributable production of 363.0 thousand gold equivalent ounces or 26.9 million silver equivalent ounces, including 13.2 million ounces of silver and 184.5 thousand ounces of gold.
The company increased its overall 2016 production forecast from 34 million to 35 million silver equivalent ounces.
The all-in sustaining cost per silver equivalent ounce target for 2016 remains on track to be between $11.0 to $11.5 with the positive impact on mining costs of the increased production expected to be offset by one-off increases in capital expenditure at Inmaculada, Pallancata and San Jose.
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