Hochschild Mining (HOC) Mining Forum Americas 2026 summary

Strategic project updates

• Royropata permit process underway, with the project expected to deliver 150,000 gold equivalent ounces annually for 10–15 years, primarily silver, and significant brownfield exploration potential through 2030.

• Monte do Carmo in Brazil is fully permitted, with basic engineering completed and FID targeted by end of 2026; production start aimed for late 2028 at 90,000 ounces of gold per year.

• Mara Rosa mine in Brazil has achieved nameplate production, with a 10-year mine life at 80,000–90,000 ounces per year and ongoing exploration to extend life of mine.

• Inmaculada mine maintains strong output, with 5.5–6 years of mine life at 180,000 ounces per year and ongoing brownfield exploration to expand resources.

• San Jose mine continues to meet guidance with three years of mine life remaining and ongoing brownfield drilling.

Operational and cost management

• Inflationary pressures addressed through new contracts, technology adoption, and AI deployment in administration and operations.

• Cost efficiencies achieved via new transportation contracts and process improvements, such as HyperJets increasing recoveries.

• Lean philosophy and operational excellence prioritized across all sites.

ESG, community, and government relations

• Enhanced ESG and safety focus, with a revised community approach yielding positive results.

• Strong relationships with local communities and ongoing efforts to integrate them into exploration activities.

• New Peruvian government seen as pragmatic and supportive of formalized mining, with improved permitting environment.