Hochschild Plans 50% Output Increase
Bloomberg reported that Hochschild Mining (LSE:HOC) intends on increasing its silver output by 50% by constructing more mines.
As quoted in the market news:
The Inmaculada project, due to start output in the third quarter of 2013 and 60 percent owned by Hochschild, will cost $315 million to construct and produce about 12 million silver equivalent ounces annually.
Click here to read the full Bloomberg report.
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Wed, Jan 11, 2012
Post by Jessica Oman, Silver Researcher