Peruvian group seeks to increase global production of silver
The Peruvian group Hochschild, extracting precious metals in several countries, provides ten percent increase in worldwide production of silver, said the director general of mining in Mexico, Juan Carlos Ganem.
In 2009 the company recorded a production of 28 million ounces of silver, he said.
“To achieve this aim Mexico plays an important role for our strategic plan focuses on strengthening the country as well as Peru, Argentina and Canada,” he said.
To date, the group operates three mines in Peru: Arequipa Ares and Arcata and Pallancata in Ayacucho. It also has the San Jose mine in Argentina and Moris in Mexico.
In addition, participates in the operations of Lake Shore Gold companies in Canada (38 percent) and Gold Resources Corporation (29 percent) in Mexico.
As for his operation in Mexico, Peru reported that the group has invested more than $ 160 million since 2007, and only in 2010 plans to invest 3.1 million in exploration.
“The company has 556.482 hectares in four countries with an interesting mineral potential and is in the process of being explored,” said Ganem.