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Shares in precious metals-focused Hochschild Mining fell by more than 45% in London on Monday morning after the Peruvian government said it planned to close the company’s two biggest mines “as quickly as possible” in response to alleged environmental complaints.
Hochschild's Pallancata mine in Peru
Peru's prime minister Mirtha Vasques said over the weekend licence extensions would no longer be granted for four mines in Peru's Ayacucho region, including Hochschild's Inmaculada and Pallancata
Shares are up over 100% from Monday's lows
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