Silver Investing News » Hochschild Plans 50% Output Increase

Hochschild Plans 50% Output Increase

January 11, 2012 @ 11:29 am In Silver Market News

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. ^[1]

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[1] Click here to read the full Bloomberg report.: http://www.bloomberg.com/news/2012-01-11/hochschild-says-new-silver-mines-to-boost-output-50-in-2014-1-.html