Four levers to secure low-cost growth
Our strategy to create sustainable value for shareholders is focused on: brownfield exploration to optimise our key Inmaculada operation and grow its mine life; building our Mara Rosa project in Brazil; advancing the Snip project in Canada; and evaluating and adding growth options in the Americas. This is underpinned by our commitment to employee safety, minimising our environmental impact and respecting our communities.
We have a long and successful track record of replacing reserves and discovering low cost resource additions across the Americas. We are aiming not only to increase the Inmaculada life-of-mine but also the quality of its resources.
Build Mara Rosa
The Mara Rosa project in Brazil was acquired as part of the Amarillo Gold purchase which was completed in April 2022. We are aiming to start construction of this open pit gold project with first production expected in the first half of 2024. Hochschild has a strong track record of building mines including Inmaculada in Peru, San Jose in Argentina and the former Moris mine in Mexico.
Advance Snip development
The Snip project in British Columbia's "Golden Triangle" is the latest early-stage project to be added to our pipeline and we look forward to a pre-feasibility study towards the end of 2022. We have a strong track record of developing our projects in a short space of time. Our flagship Inmaculada deposit was first drilled in early 2009 and production was achieved in June 2015.
Add projects in the Americas
Hochschild is constantly assessing strategic alliances as well as potential acquisitions in stable jurisdictions throughout the Americas. These initiatives must satisfy our well established criteria:
- Early stage
- Strong potential geological upside
- 12%+ Return on Invested Capital