Hochschild Mining has sold its Arcata silver mine and Azuca project in Peru to Sierra Caraz for an undisclosed sum, aiming to concentrate on its key assets, including the Inmaculada mine and projects in Brazil and Argentina.
Hochschild Mining has divested two of its assets in Peru, although the financial details of the transactions remain undisclosed. This strategic move is part of the company’s renewed focus on its primary operations, including the Inmaculada mine and the Pallancata-Royropata project, as well as its initiatives in Brazil and Argentina.
The London-based precious metals mining firm announced on Wednesday the sale of its previous Arcata silver mine and the Azuca project, both situated in southern Peru, to Sierra Caraz. This decision underscores Hochschild Mining’s commitment to streamline its portfolio and concentrate on core projects vital for its future growth.
In conclusion, Hochschild Mining has successfully sold two non-core assets in Peru, redirecting its focus toward its primary mining operations in the region and other South American countries. This strategic realignment is likely to enhance the company’s operational efficiency and investment potential moving forward.
Original Source: www.marketwatch.com
