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Hochschild Mining cuts executive pay further

As part of its ongoing cost cuts to steady itself against falling silver and gold prices.

Hochschild Mining said Chairman Eduardo Hochschild would become non-executive chairman from January 1, and that it was further slashing executive pay as part of ongoing cost cuts to steady itself against falling silver and gold prices.

The company said it would pay non-executive directors 30% less, and that Deputy Chairman Roberto Danino had waived the fee payable to him as special adviser to the company.

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