Hochschild Mining PLC - mines silver and gold in Peru, Argentina and Brazil - Exercises option to buy 100% of Monte Do Carmo project in the Brazilian state of Tocantins from Cerrado Gold Inc. Hochschild will pay Cerrado a total of $60 million in cash for the gold project, which consists of 21 mineral concessions across 82,542 hectares. The money will come from existing resources, and Hochschild said it expects no increase in net debt by year-end. This stood at $226.7 million on September 30.

Current stock price: 234.00 pence

12-month change: up from 90.75p

Copyright 2024 Alliance News Ltd. All Rights Reserved.