BREAKING NEWS

Miner Hochschild's first half pretax profit falls 33.8 percent on higher costs

Now Reading:

Miner Hochschild's first half pretax profit falls 33.8 percent on higher costs

Text size Aa Aa

(Reuters) – Precious metals miner Hochschild Mining Plc’s <HOCM.L> pretax profit fell 33.8 percent in the first half of the year, hurt by higher costs. The company, which has mining operations in Peru, Chile and Argentina, reported a pretax profit of $39.9 million for the six months ended June 30, compared with $60.3 million a year earlier. Attributable silver production rose 8.9 percent to 8.9 million ounces, and Hochschild said it was on track to deliver attributable production of 37 million silver equivalent ounces for 2017.

(Reporting by Arathy S Nair in Bengaluru; Editing by Sunil Nair)
euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.