HOC Hochschild Mining Plc

TIDMHOC

RNS Number : 2054W

Hochschild Mining PLC

08 December 2023

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8 December 2023

Update statement on 2023 AGM voting result

In accordance with the UK Corporate Governance Code, Hochschild Mining PLC (the "Company") provides an update on the actions taken in response to the level of votes cast against the re-election of the Chair, Eduardo Hochschild, at this year's AGM.

As indicated in June, the Company has engaged with its largest shareholders in relation to the renewal of the Directors' Remuneration Policy as well as general governance matters. This has confirmed that the voting on Eduardo Hochschild's re-election reflected concerns on his tenure as Chair and the lack of a defined succession plan and a publicly disclosed definitive timeline for retirement.

The Board believes that, taking into account Eduardo Hochschild's long-standing involvement with the Company, his significant shareholding, and the governance structure and practices that have been adopted, his continued role as Company Chair remains in the best interests of the Company.

As is the case for all key leadership positions, the Company has a succession plan in place in relation to the Chair. Whilst there are no short or medium-term plans for Eduardo Hochschild to retire, details of a longer-term timeline for his retirement will be disclosed in the 2023 Annual Report.

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Enquiries:

Hochschild Mining PLC

Raj Bhasin

+44 (0)7825 533495

Company Secretary

Hudson Sandler

Charlie Jack +44 (0)20 7796 4133

Public Relations

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About Hochschild Mining PLC

Hochschild Mining PLC is a leading precious metals company listed on the London Stock Exchange (HOCM.L / HOC LN) with a primary focus on the exploration, mining, processing and sale of silver and gold. Hochschild has over fifty years' experience in the mining of precious metal epithermal vein deposits and currently operates three underground epithermal vein mines, two located in southern Peru and one in southern Argentina. Hochschild also owns the Mara Rosa Advanced Project in Brazil as well as numerous long-term projects throughout the Americas.

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Forward looking statements

This announcement may contain forward looking statements. By their nature, forward looking statements involve risks and uncertainties because they relate to events and depend on circumstances that will or may occur in the future. Actual results, performance or achievements of Hochschild Mining PLC may, for various reasons, be materially different from any future results, performance or achievements expressed or implied by such forward looking statements.

The forward looking statements reflect knowledge and information available at the date of preparation of this announcement. Except as required by the Listing Rules and applicable law, the Board of Hochschild Mining PLC does not undertake any obligation to update or change any forward looking statements to reflect events occurring after the date of this announcement. Nothing in this announcement should be construed as a profit forecast.

LEI: 549300JK10TVQ3CCJQ89

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December 08, 2023 06:00 ET (11:00 GMT)

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