Hochschild Mining PLC

Description

Hochschild Mining plc is founded by Moritz Mauricio Hochschild in 1911. The company deals with the sale, mining and processing of gold and silver. Its subsidiaries are Compania Minera Ares, Andina Minerals, Compania Minera Arcata etc.  The company is seen listed on the London Stock Exchange and has its headquarters in Lima, Peru. It has a corporate office in London.

The company is successfully expanding its business from one to around three operating mines in Peru and Argentina. These underground mines use cut and fill methods of mining. Hochschild’s entire underground operations are epithermal vein mines with principal mining method being cut and fill. These precious metals are produced in huge quantity. The ore produced by the company is processed into silver-gold concentrate or dore. Brownfields, Greenfields, early-stage projects, and strategic alliance are a part of their strategies of the company.  The company ensured to work ethically with complying all ethical standards and has also invested in local development programmes to promote education, socio-economic development, and health.

The financial adviser of this company is JP Morgan Cazenove Limited, the company strategizes to generate cash by investing in low-cost production with maximum efficiency. The dividends are paid in US dollars. In past the company gave one-third of its net income to equity shareholders.  

In recent times during the pandemic, the company took sincere efforts to keep their employees safe by maintaining regular protocols which included enhancing cleanliness, disinfection of work areas, other measures like social distancing, use of masks.