UPDATE 1-Hochschild Mining says Q1 output dips, FY on track

* Produced 6.1 mln attributable silver equivalent ounces

* Q1 output down 1 pct vs Q1 2009, excluding Selene mine

* On track for total 29 mln silver equivalent ozs in 2010

(Adds details)

LONDON, April 21 (BestGrowthStock) – Latin American precious metal
producer Hochschild Mining Plc (HOCM.L: ) posted a 1 percent dip
in its output for the first quarter, excluding the Selene mine,
and said it was on track to meet its full-year target.

It produced 6.1 million attributable silver equivalent
ounces as output fell at four of its five mines. Only the
60-percent owned Pallancata operation in Peru showed an increase
in gold and silver production from the year-earlier period.

The company said it was on track to meet its 2010 target of
26.3 million attributable silver equivalent ounces from current
operations, with an extra 1.5-2.5 million ounces from its stakes
in Lake Shore Gold (LSG.TO: ) and Gold Resource Corp (GORO.OB: ).

In March, the group said its chief executive and finance
director were both leaving the company, knocking its shares even
as it announced strong results. [ID:nLDE62M1JB]

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(Reporting by Julie Crust; editing by Victoria Bryan)

UPDATE 1-Hochschild Mining says Q1 output dips, FY on track