Hochschild Mining Divests Two Assets in Peru to Enhance Core Focus

Hochschild Mining has sold its former Arcata silver mine and the Azuca project in Peru to Sierra Caraz, aiming to concentrate on its main assets such as the Inmaculada mine and Pallancata-Royropata project, as well as endeavors in Brazil and Argentina.

Hochschild Mining has divested two assets as part of its strategy to concentrate on its primary operations in Peru, notably the Inmaculada mine and the Pallancata-Royropata project, as well as its holdings in Brazil and Argentina. This decision aligns with their goal to streamline operations and focus on high-performing assets. The London-listed mineral company confirmed that the former Arcata silver mine and the Azuca project in southern Peru were sold to Sierra Caraz for an undisclosed amount.

In summary, Hochschild Mining’s recent asset sales reflect a strategic decision to enhance focus on key projects, reinforcing its commitment to its core operations in Peru and other South American markets.

Original Source: www.marketwatch.com