hochschild mining plc on wednesday reported a fall in firsthalf profit on lower gold and silver production and higher costs but backed its full year production guidance heres what the precious metals mining company had to say 1h 2022 attributable production of 166708 gold equivalent ounces or 120 million silver equivalent ounces 1h 2021 188509 gold equivalent ounces or 136 million silver equivalent ounces allin sustaining costs aisc from operations of 1371 per gold equivalent ounce 1h 2021 1055 or 190 per silver equivalent ounce 1h 2021 1470 in line with guidance on track to deliver overall 2022 production target of 360000375000 gold equivalent ounces or 260270 million silver equivalent ounces 2022 aisc on track to meet guidance of 13301370 per gold equivalent ounce or 1850190 per silver equivalent ounce following the russian invasion of ukraine in late february all commodities rose strongly in response to expected supply deficits or as stores of value with gold passing 2000 per ounce in early march but since then with inflation increasing substantially and the resulting steep interest rate rises likely to lead to dollar strength and global recession we have seen a major pullback in our underlying commodities with gold and silver prices falling substantially from their recent peaks both silver and gold production were lower as guided versus 1h 2021 and consequently when combined with a 10 fall in the average silver price achieved partially offset by a 6 rise in the average gold price achieved revenue decreased by 12 to 3478 million 1h 2021 3948 million