Arcata

Hochschild delivered results in Q2 2010 with production increasing by 12% quarter-on-quarter to 6.8 M attributable silver equivalent oz, comprised of 4.5 M oz of silver and 37.6 K oz of gold. With production in H1 2010 of 12.8 M attributable silver equivalent oz, Hochschild remains on track to achieve its 2010 target of 26.3 M attributable silver equivalent oz from its current operations, with an additional 1.5 - 2.5 M silver equivalent oz from the Company's stakes in Lake Shore Gold and Gold Resource Corporation.

Hochschild Mining announced a project to convert 100% of Arcata's production to doré. This initiative will improve operational efficiency, maximise revenue, lower working capital requirements and allow the Company to benefit from more stable commercial terms.

Program to define new reserves and resources continues at the Nicole, Soledad Norte and Mariana veins through underground works and diamond drilling. Results include a 2.9 m intercept at 1.2 g/t Au & 675 g/t Ag and 2.4 m at 3.3 g/t Au and 1,085 g/t Ag. In addition, during excavation of the Mariana Ramp in late October, a new vein, Luz, was discovered with a 1.0 m intercept at 3.0 g/t Au and 3,711.82 g/t Ag. Follow up drilling confirmed the structure.