October 17, 2018 / 6:45 AM / a month ago

Hochschild Mining raises annual production target

Oct 17 (Reuters) - Hochschild Mining Plc on Wednesday raised its annual gold output target, helped partly by a ramp-up of production at its Peruvian mine Pallancata.

The miner raised its full-year production target to 520,000 gold equivalent ounces from a prior forecast of 514,000 gold equivalent ounces.

The company also cut its full-year all-in sustaining cost target to $940-$970 per gold equivalent ounce, from $960-$990 per gold equivalent ounce. (Reporting by Muvija M in Bengaluru; Editing by Amrutha Gayathri)

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