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June 12, 2025Hochschild shares plunge on Brazil mine shutdown
Shares in Hochschild Mining fell nearly 22% on Tuesday, their steepest drop since November 2021, after it announced a six-week halt of processing operations at its Mara Rosa gold mine in Brazil due to heavy seasonal rainfall.
The South America-focused precious metals miner is suspending activities at the mine’s processing plant to carry out maintenance and repair work on the tailings filtering system, which has been affected by rain and contractor-related issues. Mining operations will continue during the shutdown, Hochschild noted.
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