April 21, 2010 / 6:40 AM / in 7 years

UPDATE 1-Hochschild Mining says Q1 output dips, FY on track

* Produced 6.1 mln attributable silver equivalent ounces

* Q1 output down 1 pct vs Q1 2009, excluding Selene mine

* On track for total 29 mln silver equivalent ozs in 2010

(Adds details)

LONDON, April 21 (Reuters) - Latin American precious metal producer Hochschild Mining Plc (HOCM.L) posted a 1 percent dip in its output for the first quarter, excluding the Selene mine, and said it was on track to meet its full-year target.

It produced 6.1 million attributable silver equivalent ounces as output fell at four of its five mines. Only the 60-percent owned Pallancata operation in Peru showed an increase in gold and silver production from the year-earlier period.

The company said it was on track to meet its 2010 target of 26.3 million attributable silver equivalent ounces from current operations, with an extra 1.5-2.5 million ounces from its stakes in Lake Shore Gold LSG.TO and Gold Resource Corp GORO.OB.

In March, the group said its chief executive and finance director were both leaving the company, knocking its shares even as it announced strong results. [ID:nLDE62M1JB]

Reporting by Julie Crust; editing by Victoria Bryan

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