Hochschild production exceeded 74,000 attributable gold-equivalent ounces in the third quarter of 2026, keeping the miner on track for its full-year target. Speaking on October 21, Chief Executive Officer Eduardo Landin said nine-month output reached almost 226,000 ounces, while the operational turnaround at Mara Rosa was nearing completion.
Key Takeaways
- Full-year production guidance remains 300,000–328,000 gold-equivalent ounces.
- Inmaculada’s quarterly output was broadly steady as higher tonnage offset lower gold grades.
- Management reported progress at Mara Rosa, but did not declare its turnaround complete.
Table of Contents
- Hochschild production supports unchanged annual target
- Inmaculada holds steady as Mara Rosa turnaround advances
- Conclusion
Hochschild production supports unchanged annual target
Landin described the third quarter as a strong operational performance and maintained the company’s expectation of meeting its 2026 production range. That outlook remains management guidance rather than a completed annual result.
With almost 226,000 gold-equivalent ounces produced in the first nine months, Hochschild would need roughly 74,000–102,000 ounces in the final quarter to reach the range. The lower end is approximately in line with third-quarter output, while the upper end would require a stronger finish.
The figures discussed on the call were production measures. They do not establish quarterly revenue, profit or operating costs.
| Item | Details |
|---|---|
| Q3 2026 attributable production | Just over 74,000 gold-equivalent ounces. |
| First nine months of 2026 | Almost 226,000 gold-equivalent ounces. |
| 2026 production guidance | 300,000–328,000 gold-equivalent ounces; management says the target remains on track. |
Inmaculada holds steady as Mara Rosa turnaround advances
Inmaculada produced just over 45,000 gold-equivalent ounces during the quarter, broadly matching the preceding quarter. Landin said tonnage was slightly ahead of expectations, but lower gold grades offset that benefit.
Hochschild’s current operations overview identifies Inmaculada as its wholly owned underground gold-and-silver mine in Peru and Mara Rosa as its wholly owned gold mine in Goiás, Brazil. Mara Rosa began production in the first quarter of 2024.
Landin called progress at Mara Rosa particularly encouraging and said the turnaround was nearing completion. That assessment signals operational improvement, but stops short of confirming that all turnaround work has finished.
Conclusion
Fourth-quarter production will determine where Hochschild finishes within its annual target range. Further confirmation of Mara Rosa’s turnaround progress will also be important to assessing the operational finish to 2026.
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