Hochschild Mining to update on progress at Capital Markets Day

Hochschild Mining continued to make strong progress financially, with production heading higher, costs cut and the balance sheet strengthened, the company said in a summary of a presentation it was due to present at a Capital Markets Day later in the session.

Nevertheless, "no material new information will be disclosed", the company added in a statement.

The Americas-focus preciious metals miner said significant brownfield potential would allow it to prolong 'life-of-mine', with management targeting five years of LOM in reserves and five additional years of LOM in resources by 2020.

Early-stage and greenfield projects within its portfolio also offered optionality and long-term resources, Hochschild said.

From the purely financial perspective, the company noted that it had repaid a further $30m of short-term debt in early September 2016.

The presentation was due to beging at 1400 BST.