Adjusted EBITDA is calculated as profit from continuing operations before net finance income/(cost), foreign exchange loss and income tax plus depreciation and exploration expenses other than personnel and other exploration related fixed expenses.
Attributable after tax profit
Profit for the year before dividends attributable to the equity shareholders of Hochschild Mining PLC from continuing operations before exceptional items and after minority interest.
Average head grade
Average ore grade fed into the mill
The Board of Directors of the Company
Hochschild Mining PLC
Corporate social responsibility
The Directors of the Company
Det Norske Veritas is an independent foundation with the purpose of safeguarding life, property and the environment.
Dore bullion is an impure alloy of gold and silver and is generally the final product of mining and processing; the dore bullion will be transported to be refined to high purity metal.
Dollar or $
United States dollars
Effective Tax Rate
Income tax expense as a percentage of profit from continuing operations before income tax.
The per-share (using the weighted average number of shares outstanding for the period) profit available to equity shareholders of the Company from continuing operations after exceptional items.
Events that are significant and which, due to their nature or the expected infrequency of the events giving rise to them, need to be disclosed separately.
Grammes per tonne
Generally Accepted Accounting Principles
Hochschild Mining PLC and subsidiary undertakings
International Accounting Standards
International Accounting Standards Board
International Financial Reporting Standards
Thousand tonnes per annum
Listing or IPO (Initial Public Offering) or Global Offer
The listing of the Company’s Ordinary Shares on the London Stock Exchange on 8 November 2006.
Lost Time Injury, meaning an occupational injury or illness that results in days away from work.
Lost Time Injury Frequency Rate = LTI x 1,000,000/hours worked
Ordinary shares of 1 pence each in the Company
Spot or spot price
The purchase price of a commodity at the current price, normally this is at a discount to the long-term contract price.
tonnes per annum
tonnes per day