Holly News

Hochschild Mining will invest $425 million in two projects in Peru over the next two years, its executive chairman said on Monday.

HollyFrontier Corp. reported net income of $241.7 million for the first quarter of 2012 on Monday.

Precious metals producer Hochschild Mining says it is on track to deliver its 2012 full-year production target after a 'solid start to the year'. The company deliver attributable production of 5.1m silver equivalent ounces in the three months to March 31st, which is comprised of 3.4m ounces of silver and 28.3 thousand ounces of gold.

The updated mineral resource and reserve estimates reported below are calculated using a marginal cut-off grade of 144 grams per tonne silver equivalent , which reflects a marginal cut-off value of approximately $65 per tonne using conservative metal prices of $18 per ounce of silver and $1,080 per ounce of gold.

Mariana Resources Limited has released its audited annual financial statements and annual report for the year ended 31 December 2011.