Hochschild Mining Divests Two Peruvian Assets to Focus on Core Operations
Hochschild Mining sold its Arcata silver mine and Azuca project in Peru to Sierra Caraz for an undisclosed sum. The Company intends to concentrate on its main operations, including the Inmaculada mine and Pallancata-Royropata project, as well as assets in Brazil and Argentina.
Hochschild Mining, a London-listed producer of precious metals, has recently divested two of its assets located in southern Peru to Sierra Caraz. The sale, the financial details of which remain undisclosed, is part of the Company’s strategic focus on its core mining operations, prominently the Inmaculada mine and the Pallancata-Royropata project. The divested assets include the previously operational Arcata silver mine and the Azuca project.
This decision underscores Hochschild’s commitment to refining its portfolio by concentrating on more profitable and strategically aligned ventures in Peru, as well as its interests in Brazil and Argentina. By selling these assets, the Company aims to enhance its overall operational efficiency and effectiveness in the precious metals sector, thereby strengthening its market position.
In summary, Hochschild Mining has successfully sold its Arcata silver mine and Azuca project to Sierra Caraz, focusing on its key projects in Peru, Brazil, and Argentina. This move marks a strategic shift towards optimizing its operational portfolio and reinforcing its market presence in the precious metals industry.
Original Source: www.marketwatch.com
