Hochschild Mining surges on reopening plans

FTSE 250gold miner Hochschild Mining (LON:HOC) saw its share price shoot upwards by 13.90% to 183.84p (as of 15:15 BST) after announcing that it would be shortly reopening its mines in Peru. The company said that it had met the requirements established by the Peruvian Government and would be ramping up production to reach full capacity in the current weeks.

CEO Ignacio Bustamante commented: “I am pleased that we are now in a position to restart our Peruvian operations and we intend to execute a disciplined remobilisation of our workforce in line with the prescribed health protocols and guidelines from the government. In these unprecedented times, we continue to prioritise the health and well-being of our employees and of the communities in which we operate“.