Officials at Latin America-focused miner Hochschild Mining have announced new projects in Peru that will bolster their silver output 50% by the end of 2014 over current annual output of 20 million silver oz.

After a news conference, Chief Executive Ignacio Bustamante said two new “advanced” projects — Inmaculada and Crespo, both in Peru's southern Andes mountain range — will be the main drivers of the increase, according to Reuters.

In 2013, the Lima-based Hochschild produced 6.3 million silver oz and 57,900 gold oz — a total of 9.7 million attributable silver equivalent oz. For this year, the company has a 20-million silver equivalent oz target.

DFP Boombox Upper


Resource Center Whitepapers, Videos, Case Studies

Let's stay in touch!

All of the latest mining news and our digital edition sent to your inbox once a week.

We'll never share your email address, and you can opt out at any time, we promise.