Hochschild Mining PLC announced that the first gold pour has been achieved at the Mara Rosa Mine in Brazil. The first pour took place on 20 February. Mara Rosa is Hochschild's first Brazilian operation and is located in the state of Goias.

The project remains on schedule with commercial production expected towards the end of the second quarter of 2024. Mara Rosa is expected to produce between 83,000 to 93,000 ounces of gold in 2024 at an all-in sustaining cost of between $1,090 and $1,120 per ounce. As announced at the 2023 Capital Markets Day, Brazil represents a key growth opportunity for Hochschild as the Company continues to execute its strategy of increasing production while reducing costs.

Mara Rosa will provide near-term production at a significantly lower cost, with strong potential to find additional resources through the Company's brownfield exploration programme.