HCHDF - Hochschild Mining secures permit approval for flagship Peru project

2023-08-02 11:25:17 ET

Hochschild Mining ( OTCQX:HCHDF ) ( OTCPK:HCHDY ) +3.4% in Wednesday's trading after saying it won approval from Peru's government for an environmental permit for the Immaculada gold operation.

The company said the modified environmental impact assessment was approved for an additional 20 years.

Hochschild ( OTCQX:HCHDF ) ( OTCPK:HCHDY ) said the MEIA is an important milestone and paves the way for the flagship mine to generate significant value over the next two decades.

"Having secured Inmaculada's future, we can look forward to first production from our exciting Mara Rosa project in Brazil in the first half of 2024, progressing the new Royropata deposit at our Pallancata operation, and continuing to assess value accretive business development opportunities," the company said.

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