Hochschild sees production fall

Latin American precious metals group Hochschild Mining said yesterday that third-quarter production fell 12 per cent from last year, although it kept its full-year target. The company produced 5.8m silver equivalent ounces in the third quarter, comprising 3.8 ounces of silver and 33,500 ounces of gold, down from 6.6m ounces a year earlier. Hochschild added it was on track to achieve its 2011 production target of 22.5m silver equivalent ounces.