We have over 100 years of experience in the Americas and have been operating mines since 1964.
Hochschild Mining traces its origins to the original Hochschild Group founded in 1911 by Mauricio Hochschild. In 1922, the Hochschild Group expanded into Bolivia, where it developed significant interests in tin. Operations commenced in Peru in 1925, and in 1945 Luis Hochschild joined the Hochschild Group's Peruvian operations.
During the first decades of its operations, the Hochschild Group focused on the commercialisation of minerals, and it was not until the 1940s that it began operating its first mines, although mineral commercialisation remained the Hochschild Group's main source of revenue. During World War II, the Hochschild Group was a key supplier of tin and other metals to the Allied forces.
In the 1960s the Hochschild Group developed the Arcata mine in Peru, which only stopped production in early 2019. The Hochschild Group expanded further into mining in the 1960s and 1970s, opening or expanding mines in Brazil, Peru and Chile, such as the Mantos Blancos copper mine in Chile.
In November 1984, the South American mining operations of the Hochschild Group were sold to Anglo American Corporation of South Africa who, in the same month, sold the Peruvian operations of the Hochschild Group to a group of companies owned by Luis Hochschild.
Eduardo Hochschild, Luis Hochschild's son, joined the Group in 1987 as Safety Assistant at the Arcata mine and in 1998 was appointed Head of the Hochschild Mining Group. Eduardo Hochschild has been the Chairman of Hochschild Mining plc since 2006.
In 1995, the Hochschild Mining Group launched an extensive exploration programme, discovering and further developing several sites in Peru, including the Ares, Selene and Sipan sites.
Between 2001 and 2006, the Group opened exploration offices and identified a number of projects and prospects in Peru, Argentina, Mexico and Chile and entered into various joint venture agreements with mining partners, notably those relating to San Jose and Pallancata and Inmaculada.
In 2006, the Group listed on the London Stock Exchange and raised proceeds of $515 million. In June 2007 the Group opened its first operation in Argentina, San Jose, and subsequently opened the Moris mine in Mexico in August 2007. In September 2007, production commenced at the Pallancata mine in southern Peru.
In April 2010, Ignacio Bustamante was appointed Chief Executive Officer of Hochschild Mining plc. The Company subsequently changed its strategic focus to growth through exploration.
In 2010 the Company increased its stake in the Inmaculada Advanced Project to a controlling 60% and in January 2012, Inmaculada's feasibility study was completed.
In December 2013, the Company completed the acquisition of the remaining 40% stake in the Pallancata mine and Inmaculada Advanced Project.
In September 2015, the Company announced commercial production at the Inmaculada mine, its largest operation to date.
In October 2021, Hochschild announced the exercising of its option to start earning in to a 60% interest in the Snip gold project located in the Golden Triangle in British Columbia, Canada.
In November 2021, Hochschild announced the acquisition of Amarillo Gold in Brazil.