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Miner Hochschild's H1 pretax profit falls 33.8 pct on higher costs
August 16, 2017 / 6:23 AM / 3 months ago

Miner Hochschild's H1 pretax profit falls 33.8 pct on higher costs

Aug 16 (Reuters) - Precious metals miner Hochschild Mining Plc’s pretax profit fell 33.8 percent in the first half of the year, hurt by higher costs.

The company, which has mining operations in Peru, Chile and Argentina, reported a pretax profit of $39.9 million for the six months ended June 30, compared with $60.3 million a year earlier.

Attributable silver production rose 8.9 percent to 8.9 million ounces, and Hochschild said it was on track to deliver attributable production of 37 million silver equivalent ounces for 2017. (Reporting by Arathy S Nair in Bengaluru; Editing by Sunil Nair)

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