Case Study: Hochschild Mining Unearths $40M in Value with Qmarkets Q-optimize

The $40m Idea Unearthed Through Crowdsourcing

Hochschild Mining, a leading silver and gold mining company based in Peru, wanted a better way to capture and evaluate continuous improvement ideas from employees across its mines. After using Google Docs and a mandatory submission process, the company needed a more flexible, engaging, and efficient platform to support innovation in mining and sustainability.

Hochschild Mining implemented Qmarkets’ Q-optimize continuous improvement solution to manage idea campaigns, automate evaluations, and reward employee participation. The result was a standout project that improved gold recoveries by almost 1.5% and silver recoveries by around 5%, creating an estimated $40 million in added value over seven years, along with other environmental gains such as reducing waste by about 19 tons per year.

Hochschild Mining

Juan Fernando Correa

Project Analyst to COO