New York, June 09, 2015 -- Moody's Investors Service comments that Hochschild Mining plc announcement of the first production coming out of the Inmaculada project in Peru is credit positive for Hochschild, because it will bring in new production capacity (estimated at 12 million silver equivalent ounces per year) and at the same time reduce Hochschild's average costs. The announcement has no immediate impact on the company's Ba3 ratings. Credit metrics - particularly margins and interest coverage - will remain pressured as a consequence of weak commodity prices (namely silver and gold), but metrics related to capital expenditures will gradually improve.

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