Hochschild Mining (OTCQX:HCHDF+2.4%) says its Inmaculada gold mine and another mine in Peru will continue to operate under current frameworks, after the government said miners would be allowed to seek extensions.
The announcement clarified reported statements made by Peru's recently appointed Prime Minister Mirtha Vasquez that the government could close certain mining projects.
The two mines accounted for 80% of Hochschild's attributable production in 2020, and the uncertainty sparked a more than 50% selloff in the London-listed miner on Monday.