Hochschild on track for full year

South America-focused miner Hochschild yesterday said silver output for the third quarter came in at 5.1m ounces, as it reaffirmed its 2012 production guidance of 20m ounces of silver. The FTSE 250 miner reported strong brownfield exploration results over the quarter, at both new and existing sites, including the discovery of a new vein in the San Jose area in Argentina. It added that its financial position remained strong.