Hochschild Mining shareholders rejoiced yesterday after confirmation that the miner will be able to continue its Peru operations, which pushed up its stock price more than 14 per cent. The London-listed firm was facing a ban from three regions in Peru at the start of the week, after its head of cabinet indicated that approvals for further mining would no longer be granted following environmental complaints. A government meeting also suggested a timetable for the closure of certain projects. It was a tough Monday for the miner, as its share price plunged from 164p to just 70p. However, it steadied yesterday to around 140p by the close.

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