Gold mid-tiers’ Q3 2024 fundamentals
All-time-high gold prices combined with relatively-contained costs catapulted unit earnings to another epic record.
Latin American precious metal producer Hochschild Mining said output fell 13 percent in the first half, as expected, and that it was on track to meet its full-year target.
It produced 11.1 million silver equivalent ounces in the first half due to lower grades at the company’s two main Peruvian operations, declining output from its two ageing Ares and Moris mines, and industrial action at its San Jose mine.
