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Hochschild Mining Faces Stock Decline Following Temporary Shutdown at Mara Rosa Gold Mine
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Hochschild Mining Faces Stock Decline Following Temporary Shutdown at Mara Rosa Gold Mine
Shares of Hochschild Mining (LSE:HOC,OTCQX:HCHDF) plummeted more than 20 percent on Tuesday (June 10) after the company announced a six week shutdown of the processing plant at its Mara Rosa gold mine in Brazil.In a statement, the miner blamed the issue on a combination of “heavier-than-usual seasonal rainfall” and ongoing contractor issues that have hampered access to ore, especially higher-grade material, since early this year.The company's in…
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