Hochschild Mining has sold the Arcata silver mine and Azuca project in Peru to Sierra Caraz. This decision aligns with the company’s strategy to prioritize its core mining operations, including the Inmaculada mine and the Pallancata-Royropata project, while maintaining operations in Brazil and Argentina.
Hochschild Mining has divested two of its assets in Peru, specifically the former Arcata silver mine and the Azuca project, to Sierra Caraz for an undisclosed amount. This strategic move reflects Hochschild’s commitment to concentrate on its primary operations, particularly the Inmaculada mine and the Pallancata-Royropata project located in Peru, along with its interests in Brazil and Argentina. The decision is indicative of the company’s focus on enhancing its core business capabilities in the precious metals sector.
In conclusion, Hochschild Mining’s sale of the Arcata silver mine and Azuca project to Sierra Caraz signifies a decisive step in reinforcing its focus on key operational sites in Peru. This strategic approach aims to streamline its resource allocation and operations, underscoring the company’s commitment to its principal mining ventures in South America.
Original Source: www.marketwatch.com
