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Hochschild Mining plc Citigroup Global Metals Conference March 2007 Our operations and growth opportunities Country Exploration Offices Argentina Existing mining operations Ares Arcata Chile Mexico Selene Peru Advanced Development Projects San José Pallancata 50mm oz Ag eq target production Mina Moris Feasibility completed Early stage development projects San Felipe Azuca San Luís del Cordero El Gachi Tincos Pozos Calderón La Enramada El Pino Moctezuma Sierr\a Mojina Ambargasta Target definition Santa Rita Puesto Chacon Incremental growth Tignamar Prospect Paraíso El Pocito Las Tortugas Prospects 1 Assumes 1 oz Au = 60 oz Ag Claudia Quevar Paracoya Existing Operations Advanced Development Projects Early stage Development Projects Prospects 1 Hochschild: A leading precious metals company Leading precious metals producer Low cash cost producer (1st quartile) Significant growth opportunities Corporate social responsibility track record Proven track record of production and reserves Underground mining and LatAm expertise 2 Peru An overview… …and our operations and projects Arcata (100% owned) Dynamic economy with sustained growth (60 plus months) and solid economic indicators Largest producer of silver globally Selene (100% owned / 100% operated) 1 mine 1 mine 1 concentrator 1 concentrator Product: silver concentrate Product: silver/gold doré with gold content Ares (100% owned) Pallancata (60% owned / 100% operated) Sound fiscal and monetary policies 1 mine 1 mine 1 processing plant Product: silver/gold doré (to be Fitch upgraded Perú to BB++ (one notch below investment grade) Product: silver/gold doré Stable regulatory framework, including equal treatment for national and foreign direct investment Arcata processed at Selene) Commence production Q3 2007 Selene Ares Pallancata Pro free trade and market liberalisation; Perú-U.S. Challenges: new government, social unrest Source: CIA, The World Factbook, Moody’s, UNCTAD 3 Argentina An overview… …and our operations and projects Economic recovery underway San José 2005 GDP per capita the highest in Latin America Recent economic policies have strengthened financial profile 9% average real GDP growth 2003-2006 Foreign direct investment has started to return 51% owned 100% operated 1 mine 1 concentrator/processing plant Product: silver/gold doré Commence production Q2 2007 San José Challenges: social unrest, no local mining expertise Source: CIA, The World Factbook, Moody’s, UNCTAD 4 Mexico An overview… …and our operations and projects Mina Moris 13th largest economy in the world by GDP San Felipe 70% owned / 100% operated Have option to acquire 70% 2 largest producer of silver globally 1 mine Product: Polymetalic Stable macroeconomic environment with track record of responsible economic management 1 processing plant nd Foreign direct investment enabling regulatory framework NAFTA and trade integration among key policies 1 concentrator concentrates Commence production 2009 Product: silver/gold doré Commence production Q3 2007 Mina Moris San Felipe Challenges: political instability, drug-trafficking related violence Source: CIA, The World Factbook, Moody’s, UNCTAD 5 Hochschild Mining plc Citigroup Global Metals Conference March 2007