Output falls at Hochschild Mining

Gold and silver output edged down during 2012 for South America-focused silver miner Hochschild Mining, although it said it hit all of its targets. Attributable silver production fell to 20.3m ounces over the year from 22.6m ounces for 2011. Gold output sank to 337,660 ounces over last year, from 377,000 ounces the previous year. Hochschild reiterated its target for 2013 of 20m silver equivalent ounces, which is flat on last year.