Hochschild’s Gold, Silver Production Rose on Quarter But Fell on Year

By Christian Moess Laursen

Hochschild Mining said on Tuesday that second-quarter silver and gold production rose sequentially, but fell on year.
The precious-metals mining company said silver-equivalent production rose to 6.0 million ounces from 5.3 million ounces in the preceding quarter, but fell on year from 6.7 million ounces.

Second-quarter gold production was 72,360 ounces compared with 64,510 ounces in the first quarter and 80,960 ounces a year prior.
The average realizable prices were $1,958 an ounce for gold and $23.4 an ounce for silver compared with $1,843 and $22.0, respectively, in the same period a year earlier.
As at June 30, Hochschild’s total cash was around $94 million, resulting in a net debt position of around $227 million.
Write to Christian Moess Laursen at christian.moess@wsj.com