Hochschild Sees Flat Output Through 2013, 75% Jump in 2014
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Hochschild Mining Plc, a silver company operating in Peru, sees flat output growth through 2013 before new mines raise production as much as 75 percent.
The company will add minimum annual capacity of 12 million ounces in 2014 to the yearly 20 million to 23 million ounces of output expected through the previous year, Chief Executive Officer Ignacio Bustamante said in a telephone interview today. Production in 2014 will be 32 million to 35 million ounces.