WHERE WE OPERATE

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
World Map
brazil

Mara Rosa

Advanced & Growth Projects

Azuca

Advanced & Growth Projects

Azuca is a 100% owned project located in our existing operating cluster in southern Peru.

Exploration projects
peru

Crespo

Advanced & Growth Projects

Crespo is 100% owned by Hochschild and is located in our existing operating cluster in southern Peru, approximately 145 kilometres southwest of Cuzco.

Exploration projects
chile

Volcan

Advanced & Growth Projects

The 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 projects
peru

Arcata

Current Operations

Arcata 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 operations
argentina

San Jose

Current Operations

The 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 José
peru

Pallancata

Current Operations

The 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.

peru

Inmaculada

Current Operations

The 100% owned Inmaculada underground operation is located in the Department of Ayacucho in southern Peru. It commenced production in June 2015.

Inmaculada

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
World Map
brazil

Mara Rosa

Advanced & Growth Projects

Azuca

Advanced & Growth Projects

Azuca is a 100% owned project located in our existing operating cluster in southern Peru.

Exploration projects
peru

Crespo

Advanced & Growth Projects

Crespo is 100% owned by Hochschild and is located in our existing operating cluster in southern Peru, approximately 145 kilometres southwest of Cuzco.

Exploration projects

Volcan

Advanced & Growth Projects

The 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 projects
peru

Arcata

Current Operations

Arcata 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 operations
argentina

San Jose

Current Operations

The 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 José

Pallancata

Current Operations

The 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.

peru

Inmaculada

Current Operations

The 100% owned Inmaculada underground operation is located in the Department of Ayacucho in southern Peru. It commenced production in June 2015.

Inmaculada

Hochschild 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.

San Jose

In 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.

Inmaculada

During 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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