Hochschild Mining has sold two assets in Peru, the Arcata silver mine and the Azuca project, to Sierra Caraz. This sale is part of the company’s strategy to concentrate on its main assets, including the Inmaculada mine and the Pallancata-Royropata project, as well as operations in Brazil and Argentina.

Hochschild Mining has divested two of its assets in Peru for an undisclosed amount. This decision aligns with the company’s strategic focus on its primary assets, including the Inmaculada mine and the Pallancata-Royropata project, in addition to its resources in Brazil and Argentina. The sale includes the former Arcata silver mine and the Azuca project, both located in southern Peru, transferred to Sierra Caraz.

In summary, Hochschild Mining’s recent sale of two Peruvian assets reflects its commitment to consolidating operations around core mining sites, particularly the Inmaculada mine and the Pallancata-Royropata project. The divested assets, while significant, are part of a broader strategy to streamline its portfolio across the region.

Original Source: www.marketwatch.com