Hochschild Mining Explained

Hochschild Mining
Foundation:1911
Location:London, UK
Key People:Eduardo Hochschild, Chairman
Ignacio Bustamante, CEO
Industry:Mining
Revenue: $693.7 million (2023)[1]
Operating Income: $82.1 million (2023)
Net Income: $(60.0) million (2023)
Num Employees:3,700 (2022)
Subsid:Compania Minera Ares, Minera Santa Cruz, International Minerals, Andina Minerals, Compania Minera Arcata
Homepage:www.hochschildmining.com

Hochschild Mining plc is a leading British-based silver and gold mining business operating in North, Central, and South America. It is headquartered in Lima, Peru, with a corporate office in London, is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. The main shareholder is the Peruvian businessman Eduardo Hochschild.

History

The company was founded in 1911 by Moritz "Mauricio" Hochschild, one of South America's three tin barons. He had mining operations in several countries, primarily in Bolivia and Chile.[2]

The company was first listed on the London Stock Exchange in 2006.[3] It started operations at the San José mine in Argentina in June 2007,[4] at the Moris mine in Mexico in August 2007,[5] and at the Pallancata mine in southern Peru in September 2007.[6]

In 2012 local people in Chumbivilcas complained about the Ares mine and the government of Peru decided to suspend operations in Ares on a temporary basis so it could carry out an environmental audit.[7]

Operations

The company has mines in the following locations:[8]

External links

Notes and References

  1. Web site: Preliminary Results 2023. Hochschild Mining. 13 March 2024.
  2. Web site: Book Review: Dr. Moritz (Don Mauricio) Hochschild 1881-1965. The Man and His Companies. A German Jewish Milling Entrepreneur in South America. Helmut . Waszkis . Mining History Association. 151. 11 August 2020.
  3. Web site: Hochschild plans London IPO. Mining Journal. 13 October 2006. 11 August 2020. https://www.mining-journal.com/capital-markets/news/1152225/hochschild-plans-london-ipo. 13 October 2006.
  4. News: Hochschild, Minera Andes settle lawsuit. Mining Weekly. 21 September 2010. Liezel . Hill . 11 August 2020.
  5. Web site: Hochschild Mining - production commences at Moris mine in Mexico. mineweb.net. https://web.archive.org/web/20110928043823/http://www.mineweb.net/mineweb/view/mineweb/en/page674?oid=25033&sn=Detail . 28 September 2011 . 13 August 2007.
  6. News: Pallancata Mine. intlminerals.com. International Minerals. dead. https://web.archive.org/web/20090228113544/http://www.intlminerals.com/pal_mine.php. February 28, 2009. August 11, 2020.
  7. News: HudBay Minerals says Peru copper project on track. Ryan . Dube . Marketwatch.com. 13 February 2012. 11 August 2020 .
  8. Web site: Our operations. Hochschild Mining. 22 April 2017.