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 new Royropata project close to Pallancata; 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.
In 2022, our brownfield team discovered over 50 million silver equivalent ounces in a new resource to the west of existing operations at Pallancata. We have already commenced the permitting process and are excited that, with strong exploration upside potential and high-grade structures with good widths, the new zone can be the driver of the area's medium-to-long-term future.
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