- Shares sell off sharply on potential existential threat
- Government floats refusal to extend licences on two major mines
A shock statement by the Peruvian government sent Hochschild Mining’s (HOC) share price into freefall this week, after the new head of the national cabinet announced she would close two of its mines on environmental grounds. But the gears of state slowly moved into reverse after a strong reaction from the company and its allies.