Hochschild Mining shares rose 5% after selling the Arcata mine and Azuca project to Sierra Caraz. This move is intended to strengthen its focus on key assets in Peru, Brazil, and Argentina. The Arcata mine, operational until 2019, has been under maintenance, while Azuca is another silver-focused project.
Hochschild Mining PLC experienced a 5% rise in its shares during early trading on March 5, 2025, following the announcement of its asset divestment. The company finalized the sale of its former Arcata mine and the Azuca project to Sierra Caraz, although the financial details remain undisclosed. This divestment aligns with Hochschild’s strategy to concentrate on core operations in Peru, namely the Inmaculada and the Pallancata-Royropata project, as well as activities in Brazil and Argentina.
The Arcata mine, known for its silver production, operated in Arequipa, Peru, from 1964 until 2019 when it was put under care and maintenance. The Azuca project, situated 60 kilometers from Arcata, is also focused on silver extraction. The buyer, Sierra Caraz, is associated with Sierra Sun Precious Metals, a private entity engaged in mining operations within Peru. Following this strategic move, Hochschild’s stock rose to 193.44p, an increase of 9.44p.
Hochschild Mining has successfully implemented a strategic asset sale, resulting in a 5% increase in stock value. The divestment of non-core assets such as the Arcata mine and Azuca project allows the company to sharpen its focus on primary operations in Peru while also managing interests in Brazil and Argentina. This aligns with their ongoing commitment to enhancing shareholder value and optimizing resource management.
Original Source: www.proactiveinvestors.co.uk
