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Hochschild set to resume operations at Pallancata silver mine

Hochschild Mining Plc said it resolved an ongoing dispute with a local community at its Pallancata silver mine in Peru, and the mine will restart operations Jan. 25.

The company on Jan. 23 said Pallancata's 2017 production forecast of 6 million silver equivalent ounces and all-in sustaining cost guidance will not be affected by the temporary suspension.

Production at the silver mine was temporarily halted in mid-December 2016 due to a road blockade by members of the local community demanding the renegotiation of existing agreements for land easements.