Hochschild Mining has sold its Arcata silver mine and Azuca project in Peru to Sierra Caraz for an undisclosed sum, in a move to prioritize its core assets, including the Inmaculada mine and Pallancata-Royropata project, as well as interests in Brazil and Argentina.
Hochschild Mining has divested two assets in Peru as part of its strategic focus on its core operations. The London-listed miner announced the sale of the former Arcata silver mine and the Azuca project, both situated in southern Peru, to Sierra Caraz. This decision aligns with the company’s intention to concentrate on the Inmaculada mine, the Pallancata-Royropata project in Peru, and its additional assets in Brazil and Argentina.
In summary, Hochschild Mining’s recent sale of two Peruvian assets signifies a shift in focus toward its primary mining operations in the region and other South American countries. By divesting from the Arcata silver mine and Azuca project, the company aims to streamline its operations and concentrate on regions that align with its strategic goals.
Original Source: www.marketwatch.com
