Hochschild's Inmaculada Operations On Hold After Positive Covid Test

(Alliance News) - Hochschild Mining PLC on Monday said it has temporarily halted operations at ...

Alliance News 6 July, 2020 | 10:04AM
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(Alliance News) - Hochschild Mining PLC on Monday said it has temporarily halted operations at the Inmaculada mine in Peru after some workers tested positive for Covid-19.

Shares in Hochschild were down 5.5% at 177.50 pence in London in morning trading.

The Americas-focused precious metals company said a "number of workers" at Inmaculada tested positive despite preventative measures such as quarantine and testing.

Given this, the company has decided to prioritise employee health over business continuity and put a temporary halt to operations.

Inmaculada will continue with a reduced workforce that will operate care and maintenance activities at the site. Operations are expects to resume once "a safe and healthy workforce can return to site".

San Jose in Argentina and Pallancata in Peru are still in operation.

By Anna Farley; annafarley@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Hochschild Mining PLC 271.20 GBX -9.66 -

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