Operating responsibly across the Americas
We have specific expertise in mining underground deposits in complex geological conditions.
Where we operate
We have over 50 years’ operating experience in the Americas and currently have three underground mines in operation, two located in southern Peru and one in southern Argentina.
We also have an extensive portfolio of Advanced Projects and exploration assets. Please click on the map to learn more about our projects.
- ADVANCED & GROWTH PROJECTS
- CURRENT OPERATIONS
Mara Rosa
Advanced & Growth ProjectsAzuca
Advanced & Growth ProjectsAzuca is a 100% owned project located in our existing operating cluster in southern Peru.
Exploration projectsCrespo
Advanced & Growth ProjectsCrespo is 100% owned by Hochschild and is located in our existing operating cluster in southern Peru, approximately 145 kilometres southwest of Cuzco.
Exploration projectsVolcan
Advanced & Growth ProjectsThe Volcan Gold Deposit was acquired as part of the Company’s acquisition of Andina Minerals Inc, announced in November 2012. The deposit is located in Chile’s Atacama Region, approximately 120 kilometres east of Copiapo, and is strategically located in the prolific Maricunga gold belt, which hosts a number of important gold deposits.
Exploration projectsArcata
Current OperationsArcata is located in the Department of Arequipa in southern Peru, on a 47,000 hectare site, at an altitude of 4,600 metres above sea level. Arcata is a 100% owned underground operation that commenced production in 1964. In February 2019, the mine was placed on temporary care and maintenance.
Current operationsSan Jose
Current OperationsThe San Jose silver-gold mine is located in Argentina, in the Santa Cruz province, 1,750 kilometres south-southwest of Buenos Aires. The property covers a total area of 50,491 hectares and consists of 46 contiguous mining concessions totalling 40,499 hectares and an exploration permit covering almost 10,000 hectares. San Jose commenced production in 2007 and is a joint venture with McEwen Mining Inc. Hochschild controls 51% of the joint venture and is the mine operator.
San JoséPallancata
Current OperationsThe 100% owned Pallancata silver/gold property is located in the Department of Ayacucho in southern Peru, approximately 160 kilometres from the Arcata operation. Pallancata commenced production in 2007. Ore from Pallancata is transported 22 kilometres to the Selene plant for processing.
Inmaculada
Current OperationsThe 100% owned Inmaculada underground operation is located in the Department of Ayacucho in southern Peru. It commenced production in June 2015.
InmaculadaWhere we operate
We have over 50 years’ operating experience in the Americas and currently have three underground mines in operation, two located in southern Peru and one in southern Argentina.
We also have an extensive portfolio of Advanced Projects and exploration assets. Please click on the map to learn more about our projects.
- ADVANCED & GROWTH PROJECTS
- CURRENT OPERATIONS
Mara Rosa
Advanced & Growth ProjectsAzuca
Advanced & Growth ProjectsAzuca is a 100% owned project located in our existing operating cluster in southern Peru.
Exploration projectsCrespo
Advanced & Growth ProjectsCrespo is 100% owned by Hochschild and is located in our existing operating cluster in southern Peru, approximately 145 kilometres southwest of Cuzco.
Exploration projectsVolcan
Advanced & Growth ProjectsThe Volcan Gold Deposit was acquired as part of the Company’s acquisition of Andina Minerals Inc, announced in November 2012. The deposit is located in Chile’s Atacama Region, approximately 120 kilometres east of Copiapo, and is strategically located in the prolific Maricunga gold belt, which hosts a number of important gold deposits.
Exploration projectsArcata
Current OperationsArcata is located in the Department of Arequipa in southern Peru, on a 47,000 hectare site, at an altitude of 4,600 metres above sea level. Arcata is a 100% owned underground operation that commenced production in 1964. In February 2019, the mine was placed on temporary care and maintenance.
Current operationsSan Jose
Current OperationsThe San Jose silver-gold mine is located in Argentina, in the Santa Cruz province, 1,750 kilometres south-southwest of Buenos Aires. The property covers a total area of 50,491 hectares and consists of 46 contiguous mining concessions totalling 40,499 hectares and an exploration permit covering almost 10,000 hectares. San Jose commenced production in 2007 and is a joint venture with McEwen Mining Inc. Hochschild controls 51% of the joint venture and is the mine operator.
San JoséPallancata
Current OperationsThe 100% owned Pallancata silver/gold property is located in the Department of Ayacucho in southern Peru, approximately 160 kilometres from the Arcata operation. Pallancata commenced production in 2007. Ore from Pallancata is transported 22 kilometres to the Selene plant for processing.
Inmaculada
Current OperationsThe 100% owned Inmaculada underground operation is located in the Department of Ayacucho in southern Peru. It commenced production in June 2015.
InmaculadaHochschild aims to invest in mineralised districts with the possibility to grow over time. We have a long and successful track record of discovering low-cost resource additions and are currently executing a comprehensive programme at all our deposits across Peru, Argentina and Brazil. We believe that there are significant further opportunities to extend the lives of our mines and projects and improve the quality of our resources.
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San JoseIn 2023, the brownfield team at San Jose carried out 906m of potential drilling and 4,420m of resource drilling in the Suspiro, Sigmoid Molle, Guadaluoe veins with the key vein expected to be the Suspira quartz sulphide vein which has high silver grades. The plan for the first quarter of 2024 is to perform 1,500m of potential drilling at San Jose in the Telken North and Cerro Saavedra areas. |
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InmaculadaDuring the first quarter of the year, the team carried out 4,051m of drilling for potential in the Tesoro, Nicolas, Andrea, Josefa, Rita, Split Josefa, Laura, and Split JNE vein structures with the key results coming from the Tesoro and Nicolas veins. In the second quarter, the Company expects to complete five remaining drill holes (approximately 2,500m of drilling) before commencing 11,000m of resource drilling in the Tesoro and Nicolas veins. |
As of 31 December 2021, Measured and Indicated Mineral Resources amounted to 2.1 million tonnes at 1.35 grams per tonne of gold and 421 grams per tonne of silver containing 92,900 ounces of gold and 29.0 million ounces of silver. Inferred Mineral Resources amounted to 3.5 million tonnes at 1.26 grams per tonne of gold and 370 grams per tonne of silver per tonne containing 142.6 thousand ounces of gold and 42.1 million ounces of silver.
There remains significant potential in the Arcata deposit area and in 2022, the Company will aim to drill to the west of the original mine as well as mapping and sampling to the south east.
Historic key mine statistics
2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |
---|---|---|---|---|---|---|---|---|---|---|
Ore production (tonnes) | 373,106 | 499,385 | 677,309 | 648,051 | 701,947 | 900,861 | 773,498 | 687,966 | 645,974 | 643,059 |
Average silver grade (g/t) | 321 | 308 | 337 | 323 | 286 | 217 | 271 | 312 | 439 | 503 |
Average gold grade (g/t) | 0.99 | 1.07 | 1.24 | 0.99 | 0.99 | 0.74 | 0.83 | 0.88 | 1.40 | 1.56 |
Silver produced (koz) | 3,416 | 4,391 | 6,343 | 5,613 | 5,827 | 4,984 | 5,526 | 6,081 | 8,099 | 9,542 |
Gold produced (koz) | 10.57 | 15.15 | 22.54 | 15.67 | 16.89 | 16.83 | 17.27 | 17.38 | 25.83 | 28.64 |
Silver equivalent produced (koz) | 4,177 | 5,482 | 7,966 | 6,741 | 7,043 | 6,196 | 6,769 | 7,332 | 9,959 | 11,604 |
Silver sold (koz) | 3,397 | 4,357 | 6,346 | 5,653 | 5,621 | 4,924 | 5,236 | 5,979 | 8,095 | 8,748 |
Gold sold (koz) | 9.93 | 14.96 | 22.04 | 15.30 | 15.66 | 15.95 | 15.90 | 16.70 | 24.90 | 26.02 |
Resources (attrib. Moz Ag Eq) | 90.1 | 105.1 | 104.2 | 117.6 | 108.7 | 99.4 | 106.4 | 112.3 | 98.7 | 79.4 |
Capacity | 2,500 | 2,500 | 2,500 | 2,500 | 1,500 | 1,750 | 1,750 | 1,750 | 1,750 | 1,750 |

Our strategy with regards to our greenfield exploration programme is to maintain and drill a balanced portfolio of early-stage to advanced opportunities using a combination of earn-in joint ventures, private placements with junior exploration companies and the staking of properties.
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