Hochschild Mining has sold the Arcata silver mine and the Azuca project in Peru to Sierra Caraz for an undisclosed sum, shifting its focus to its main assets in Peru and other countries.
Hochschild Mining has divested two of its assets in Peru, specifically the Arcata silver mine and the Azuca project. This sale was made to Sierra Caraz and was transacted for an undisclosed amount. The London-listed company is now prioritizing its key operations, which include the Inmaculada mine and the Pallancata-Royropata project, as well as its investments in Brazil and Argentina.
In summary, Hochschild Mining’s recent sale of its Peruvian assets reflects a strategic shift to focus on its core projects while continuing to operate in other regions, namely Brazil and Argentina. This move aligns the company’s resources towards enhancing its primary mining operations.
Original Source: www.marketwatch.com
