StockMarketWire.com - Precious metals miner Hochschild guided full-year production higher Wednesday, following 'robust' output in the third-quarter of the year.

The company upgraded its 2018 production target to 520,000 gold equivalent ounces and lowered its all-in sustaining costs guidance to a range of $940 to $970 per gold equivalent ounce from $960 to $990 previously.

For the three months to 30 September, the company produced 5.1m ounces of silver, and 62,432 ounces of gold.

For the 12 months through September silver production was 14.73m ounces, and gold was 398,920 ounces of, up from 14.28m and 381,600 ounces, respectively.

'Hochschild has once again completed a robust quarter with production at all our mines in line with expectations, therefore completing a record nine months for the Company. We are pleased to now raise our production target for the year to 520,000 gold equivalent ounces (38.5 million silver equivalent ounces) and to lower our all-in sustaining cost guidance to between $940 and $970 per gold equivalent ounce ($12.7 to $13.1 per silver equivalent ounce).' Ignacio Bustamante, Chief Executive Officer.

'We are continuing to see strong results from our ambitious brownfield exploration plan and in particular drilling at Inmaculada is expected to increase the estimated inferred resource figure we disclosed in August.'




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