Hochschild Provides Update on Mara Rosa Operations in Brazil
Why we think this is neutral
This RNS announcement is a general update on the Mara Rosa operations, which does not fall into any of the mandatory news types. As a result, the sentiment score is set to neutral.
Key Points
- Heavier-than-usual seasonal rainfall and contractor performance issues have limited access to higher-grade ore and compounded challenges with the filtering processes at the Mara Rosa operation in Brazil
- The company is undertaking a comprehensive review and anticipates a temporary suspension of the processing plant for maintenance and repairs
- This is expected to result in a significant reduction to the 2025 production guidance for Mara Rosa
Summary
The precious metals company provides an update on its Mara Rosa operation in Brazil, citing challenges with weather and contractor performance issues that have impacted production.
Hochschild Mining PLC (LSE: HOC) has provided an update on its Mara Rosa operation in Brazil. The company has experienced heavier-than-usual seasonal rainfall and contractor performance issues, which have limited access to higher-grade ore and compounded challenges with the filtering processes. As a result, the company is undertaking a comprehensive review and anticipates a temporary suspension of the processing plant for maintenance and repairs. This is expected to result in a significant reduction to the 2025 production guidance for Mara Rosa.
Key Dates
10 June 2025
Mara Rosa Update
GENERAL UPDATE