Hochschild Mining (HOC) Status update summary

Operational performance and production

• Attributable Q2 production reached 76,000 gold equivalent ounces, with H1 totaling 151,830 ounces, including 111,429 ounces of gold and 3.1 million ounces of silver.

• Inmaculada produced over 45,000 ounces in Q2 and 93,686 ounces in H1, slightly ahead on tonnage but offset by lower grade, and remains on track for full-year guidance.

• San Jose delivered almost 32,000 ounces in Q2 and 58,800 ounces in H1, with higher tonnage but slightly lower grades, maintaining annual targets.

• Mara Rosa showed operational improvement, producing 28,158 ounces in H1, aided by a new contractor and plant stability, with further enhancements expected.

• 2026 production guidance remains 300,000–328,000 gold equivalent ounces.

Safety and ESG initiatives

• A fatal accident at Inmaculada in June led to a temporary suspension and comprehensive investigation, with lessons learned implemented across all operations.

• Lost Time Injury Frequency Rate improved to 0.85 (FY 2025: 0.97).

• Fresh water use per tonne of ore processed reduced to 0.21 m³/tonne, and recycled waste increased to 82.4%.

• Local workforce participation rose to 67.1%, and women in the workforce increased to 11.0%.

Cost and financial update

• All-in costs are tracking 5%-10% above original guidance, mainly due to higher metal prices, royalties, profit sharing, and local currency strength.

• Original budget assumed $3,200/oz gold and $34/oz silver; Q2 2026 average gold price was $3,861/oz and silver $65.8/oz, with H1 averages at $4,167/oz for gold and $77.8/oz for silver.

• Ended June with $309 million in cash and a net cash position of $51 million, reflecting strong operational cash generation and a net cash/LTM EBITDA ratio of 0.06x.

• Final 2025 dividend of $26 million paid to shareholders and $58 million paid to San Jose JV partner in H1 2026.