Hochschild Mining announces CEO transition and reiterates guidance

LONDON, UK: Hochschild Mining PLC, a leading precious metals producer in the Americas, has announced that its Chief Executive Officer Ignacio Bustamante will step down on 26 August 2023 to take up a new role at another company.

He will be succeeded by Eduardo Landin, the current Chief Operating Officer, who will also join the Board as an Executive Director.

Ignacio Bustamante has been the CEO of Hochschild Mining for 13 years, during which he led the consolidation of the company’s Peruvian operations, the development of the Inmaculada mine and the acquisition of the Mara Rosa project in Brazil. He will remain on the Board as a Non-Executive Director, representing the company’s largest shareholder, Pelham Investment Corporation.

Eduardo Landin has been the COO of Hochschild Mining for ten years, overseeing the operational performance and growth of the company. He has been instrumental in developing the Inmaculada and Mara Rosa mines and has a strong commitment to ESG matters and community relations.

The company also announced that Rodrigo Nunes, currently Director of Technical Services, will become the new COO from 26 August 2023.

The company reaffirmed its production and cost guidance for 2023, subject to approval of Inmaculada’s Modified Environmental Impact Assessment (MEIA) in Q2 2023. The company expects a decision by 30 June 2023 and is working closely with the relevant authorities.

Eduardo Hochschild, Chairman of Hochschild Mining, thanked Ignacio Bustamante for his exemplary leadership and welcomed Eduardo Landin as the new CEO. He said he was confident that Landin would take the company to its next phase of growth with his operational expertise and strategic vision.

Hochschild Mining plc

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