Hochschild silver output on track

Hochschild Mining, the FTSE 250-quoted precious metals explorer, yesterday said first-quarter silver production hit 5.9m ounces, beating analysts’ expectations, and that it is on track to reach a full-year target of 21m silver ounces. The firm added that it is continuing with its cost cutting programme, which is expected to deliver around $200m (£119.6m) of savings.