March 8, 2017 / 8:03 AM / 8 months ago

Hochschild Mining posts full-year pretax profit

(Reuters) - Precious metals miner Hochschild Mining Plc (HOCM.L) posted a full-year pretax profit on Wednesday, citing strong performance at its flagship Inmaculada mine in Peru and a more favourable pricing environment.

The company, which has mining operations in Peru, Chile and Argentina, reported a pretax profit of $108.3 million for the year ended Dec. 31, compared with a loss of $256.2 million year ago. Revenue rose to $688.2 million, from $469.1 million last year.

Full-year production was 35.5 million silver equivalent ounces. It had earlier expected to produce 35 million ounces for the year.

Reporting by Tenzin Pema and Sanjeeban Sarkar in Bengaluru; Editing by Sunil Nair

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