Mexico
News

Hochschild sells 1.8mn Gold Resource shares

Bnamericas Published: Tuesday, December 17, 2013

Peruvian precious metals miner Hochschild Mining (LSE: HOC) has sold 1.8mn shares in Mexico-focused Gold Resource (NYSE MKT: GORO), according to a filing on the US Securities and Exchange Commission website.

The shares were sold at a price of US$4.36 or a total of US$7.85mn.

Following the sale, Hochschild holds 9.45mn Gold Resource shares, the filing said. Gold Resource has a total of 54.1mn outstanding shares, according to information from the company website.

Gold Resource has the El Águila gold mine in Mexico's Oaxaca state, where the company announced completion of a mill expansion project to 1,500t/d capacity on Monday (Dec 16).

The company also has six other silver and gold projects in Mexico's Oaxaca state.

The company's stock was trading at US$4.92 on the NYSE MKT exchange shortly after 1pm New York time on Tuesday (Dec 17), up 2.71% from the previous day.

To continue reading, subscribe to BNamericas to get all the information in this article and access to related news items and reports.

Subscribe to BNamericas and gain access to thousands of project profiles, key contacts and news.

Other projects in: Mining & Metals (Mexico)

Get critical information about thousands of Mining & Metals projects in Latin America: what stages they're in, capex, related companies, contacts and more.

  • Project: La Preciosa
  • Current stage: Blurred
  • Updated: 6 days ago
  • Project: Juanicipio
  • Current stage: Blurred
  • Updated: 6 days ago
  • Project: Santo Tomas
  • Current stage: Blurred
  • Updated: 1 week ago
  • Project: Media Luna
  • Current stage: Blurred
  • Updated: 6 days ago

Other companies in: Mining & Metals (Mexico)

Get critical information about thousands of Mining & Metals companies in Latin America: their projects, contacts, shareholders, related news and more.

  • Company: Grupo México S.A.B de C.V.  (Grupo México)
  • Mexican conglomerate Grupo México (GMexico) has operations in the mining, transportation and infrastructure services. Its mining division comprises 15 open-pit and underground m...
  • Company: Tubos de Acero de México S.A.  (TenarisTamsa)
  • TenarisTamsa is a fully integrated seamless pipe manufacturing facility created in 1952, under the name of Tubos de Acero de México S.A. Two years later, the company started its...
  • Company: Siemens S.A. de C.V.  (Siemens México)
  • Siemens S.A de C.V. (Siemens Mexico) is the local subsidiary of German technology company Siemens A.G. With headquarters in Mexico City, the company has been present in the coun...
  • Company: Atsa Minerales  (Atsa México)
  • The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...