We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Hochschild Mining Plc | HOC | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 1.20 | 0.83% | 145.80 | 16:35:03 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 143.60 | 142.20 | 151.20 | 145.80 | 144.60 |
| Industry Sector |
|---|
| MINING |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 17/08/2022 | Interim | GBP | 0.01675 | 01/09/2022 | 02/09/2022 | 23/09/2022 |
| 23/02/2022 | Final | USD | 0.02335 | 05/05/2022 | 06/05/2022 | 07/06/2022 |
| 31/08/2021 | Interim | GBP | 0.01413 | 09/09/2021 | 10/09/2021 | 28/09/2021 |
| 18/02/2021 | Final | GBP | 0.01681 | 06/05/2021 | 07/05/2021 | 02/06/2021 |
| 20/11/2020 | Interim | GBP | 0.02983 | 03/12/2020 | 04/12/2020 | 31/12/2020 |
| 14/08/2019 | Interim | GBP | 0.016366 | 29/08/2019 | 30/08/2019 | 19/09/2019 |
| 20/02/2019 | Final | USD | 0.01959 | 16/05/2019 | 17/05/2019 | 12/06/2019 |
| Top Posts |
|---|
Posted at 13/4/2024 09:16 by mirabeau HOC-kay dow-kay! - FY23 results and another stunning BrazilianThe Oak Bloke Mar 14, 2024 'It is in the neighbouring state of Goias to where HOC's Mara Rosa 100k oz pa, low cost gold mine has recently begun operations. Working on the basis that production is set to rise and costs fall it’s possible to see a path to a $600m EBITDA, which translates to a ~$225m PAT. Even on a measly PE 2027 of 8 that suggests HOC’s upside is 1.4X upside from £586m to £1406m, or a target price of £2.64' --------- Thanks to TOB for this superb and comprehensive analysis of HOC..click link to read the whole report with calcs and graphs |
Posted at 08/4/2024 14:57 by wad collector Blackhorse you have obviously forgotten that you already claimed you had sold here your fantasy holdingsBlackhorse23 - 24 Mar 2023 - 15:07:44 - 22991 of 23182 Hochschild - Silver Mining Price never last here too long , sold just now & bought 888 holdings Blackhorse23 - 14 Dec 2022 - 10:51:22 - 22977 of 23182 Hochschild - Silver Mining - HOC Reduced some & bought CURY |
Posted at 02/4/2024 07:42 by stevea171 HOC offloading Crespo project. It was decided it would not be of a scale HOC would want to invest in for development. $15 million. Thanks very much. With more to come from the likes of Volcan!2 April 2024 Sale of Crespo project for $15 million Hochschild Mining PLC is pleased to announce that it has completed the sale of its Crespo project in southern Peru to Kina Mining Peru SAC (related to the Apumayo SAC Group). Under the terms of the agreement, the Company will receive $15 million as a non-refundable cash payment and a 1.5% Royalty Net Smelter Return (NSR) over the project with Kina also assuming any future associated liabilities. Eduardo Landin, Chief Executive Officer of Hochschild, commented: "The sale of the Crespo project is consistent with our stated strategy of disciplined capital allocation and focusing on our core assets such as the Company's flagship Inmaculada mine and the new Royropata project, both in Peru, as well as the recently-completed Mara Rosa mine in Goias, Brazil." |
Posted at 27/3/2024 20:21 by rathkum Super recognition coming into Hochschild Mining, few sellers relative to the demand. Lowly valuation multiples, growth, diversification and cost declines (on horizon) driving.Silver yet to go. So JPMorgan said this about Hochschild and valuation: "HOC trades at spot 2024/25E EV/EBITDA of 2.1x/1.6x vs precious metal peers average of 4.9x/4.0x. We are Overweight" 112p presently and double at 226p is still discounted (despite the rising production profile coming and falling cost base ahead). Someone nudge me at 150p for starters. |
Posted at 17/3/2024 09:27 by stevea171 Silver. Gold is consolidating from its recent $2180 high but silver is still moving higher. Friday it hit $25.40 and still closed above $25 at $25.18.Next ST moves: $26, $28 then $40. HOC is at a 21 month high and looks to be heading higher on the back of an improved outlook and the surge in gold and silver which is expected to continue. HOC share price is responding to FY results on Wednesday that II's didn't take exception to but rather are looking to the big picture of growth this year and beyond (option to acquire Monte do Carmo project in Brazil announced this month which could be another Mara Rosa 100k oz pa gold mine with massive exploration upside) and the silver lining - silver! Not included in HOC's valuation at all is it's under the radar 20% holding in Aclara which is likely to become a billion $ company with the discovery of a second RE deposit in Brazil which is at least 4 times larger than the original deposit in Chile. Institutions can see how over priced the markets are generally and will be moving to increase exposure to gold and the miners. London listed PM miners of sufficient size that institutions would favour have been declining over the years with the most recent de-listings being Polymetal and Petropavlovsk. The PM miners investing universe in the Ftse350 is reduced to just 4 companies now - Endeavour, Fresnillo, Centamin and HOC - and of these HOC is the one with the best growth trajectory. Remember HOC was on the fringe of Ftse100 promotion some years ago and this is a future possibility under new management and with the sale/ditching of projects incl 10 million oz Volcan that could be worth $200 million by itself. |
Posted at 13/3/2024 14:34 by rathkum From ICTake another look at Hochschild Mining as it regains its shine South American gold and silver miner will consider return of dividend at mid-year March 13, 2024 by Alex Hamer Cash profit climbs on improved gold prices and weaker Argentinian peso Push into Brazil continues with new mine purchase option Even for a company that specialises in digging, Hochschild Mining (HOC) has done well to unearth a better portfolio within just 18 months. The South American company has been weighed down by expensive operations and a permitting hold-up at its key mine, Inmaculada. But the completion of a new mine in Brazil and a path to improving the Peruvian operations does put it on the upswing. Adjusted Ebitda for 2023 was $274mn (£214mn), up 10 per cent on the year before. A $34mn drop in exploration spending and $21mn boost through an Argentinian preferential exchange rate programme also helped this figure, although it is still $100mn down on 2021. Analysts see improvement again this year thanks to the higher gold price and cheaper production at the new Mara Rosa mine. Production in 2023 was 300,749 gold equivalent ounces (oz), which includes silver, and the guidance for 2024 is 343,000-360,000 gold equivalent oz. The realities of looking for profitable new operations was obvious in the 2023 income statement: reported profits fell on $80mn of impairments and another $17mn came from a write-down on the mining unit of San Jose in Argentina. Debt rose in the year due to the Mara Rosa construction cost. Chief executive Eduardo Landin said the company would consider bringing back a dividend once Mara Rosa hits commercial production, expected mid-year. Landin, who said Peru was more stable even after a change of prime minister last week, also flagged a greater commitment to Brazil through a new option over another brownfield project, Monte do Carmo. He said this could be another Mara Rosa, if further exploration confirms the seller’s pitch in the next 12 months. Hochschild still has a way to go to balance out its new growth spending with managing some still ageing and expensive mines, like San Jose, but it is cheap enough and has good enough prospects to warrant getting back in. Buy. |
Posted at 21/2/2024 18:03 by rathkum IC comentHochschild pours first gold from Mara Rosa A new mine built on time is worthy of applause. Hochschild Mining (HOC) has poured the first gold brick from its new Mara Rosa operation in Brazil, after a quick build process. Commercial production is expected by the end of June. The new mine, outside its home country of Peru, will provide Hochschild with 83,000-93,0000 ounces of gold this year. Last month, the company set its 2024 guidance at 343,000-360,000 gold equivalent ounces, up from the 300,000 gold equivalent ounces in 2023. Peel Hunt analysts said the mine reaching full production could bring on another positive announcement from Hochschild management: “As Mara Rosa settles into its production rhythm and management completes spending on that site, we suspect that Hochschild will start paying dividends again,” they said. |
Posted at 02/2/2024 08:32 by rathkum FTSE 350 Review: The gold miners best-placed to growOnly Endeavour Mining has kept pace with the gold price, but its recent drama shifts the focus onto smaller players February 1, 2024 by Alex Hamer Gold hit a new record high at the end of last year, and has floated above the $2,000 an ounce (oz) mark since. Gold and silver companies have not enjoyed the same progress, with equity and earnings upside limited by investor caution and higher costs. A longer-term view points to the tough time mining investors have had; in the past five years, only Endeavour Mining (EDV) has come close to matching the gold price. The sector-wide view is narrow in this case because of the small number of miners in London’s top two indices. But there is value there, given the path of the gold price and the fact miners are now getting a hold on costs. The smallest of this cohort, Centamin (CEY) just announced a lower-than-expected all-in sustaining cost for 2024, raising profit expectations. The Egyptian miner did report higher operating costs for the second half, however, so the outlook is not entirely set fair. Still a one-mine play, Centamin is also throwing cash at more drilling in the same region as its Sukari mine. The other three precious metals specialists had a less dramatic 2023. Hochschild Mining (HOC) received its long-awaited permit for an expansion of the Inmaculuda mine in Peru, and its share price rebounded to over 100p, a 40 per cent bounce. The miner was also boosted by its new Brazilian operation, Mara Rosa. Having a mine outside Peru also cuts the single-country risk discount applied. Hochschild’s adjusted Ebitda is expected to climb by 22 per cent this year to $289mn, as per broker Peel Hunt, although this is still $100mn below the 2021 figure. Favourite We have buy ratings on Endeavour, Fresnillo and Centamin, after turning bearish on Hochschild in 2022 over its permitting issues. But that issue is now cleared up, and the company is set to expand output significantly in the coming year, so we shift the company back to the favourites list. It will take some time for the profits to flow through, but Hochschild is now on more stable footing, albeit 25 per cent more expensive than when we first put it on a sell rating. Peel Hunt forecasts that adjusted cash profit will rise from $237mn in 2023 to $289mn this year. |
Posted at 30/1/2024 12:06 by stevea171 Sotolo. Volcan is an expensive development that has been beyond HOC for the past 14 years. Today the estimate is $900 million cap ex. Combine that with issues to do with water, labour, and Socialist governments. It is high risk and has never been viable for HOC the way things have worked out over this period. If things didn't work out with a HOC development it could bankrupt the company.HOC is a specialist underground vein miner. That's where their expertise lies for the past 50 years since Arcata began. Mara Rosa is just the second departure from this. Volcan is open pit low grade mining of dirt in a high altitude desert with extreme temperatures, virtually no rainfall and no resident labour supply. The mines already there are part of much larger portfolios that can carry the risk of their Maracunga mines. The MRE is for 9.8 million oz M&I. There is an additional 1.2 million oz that is inferred but in for free plus exploration potential. |
Posted at 21/12/2023 09:36 by stevea171 Significant changes at the top for HOC:Eduardo Landin. Chief Executive Officer. Chartered Mechanical Engineer from Imperial College, London. He became CEO of Hochschild Mining in August 2023. Prior to that, he served as COO of the Company from March 2013. He joined the Company in January 2008 as General Manager of Argentinian operations. Rodrigo Nunes. Chief Operating Officer. Mining Engineering degree, and a Master of Science, Mining and Mineral Engineering degree from the Universidade de São Paulo. He was appointed COO of Hochschild Mining in August 2023. Rodrigo joined Hochschild in 2021 as Corporate Director, Technical Services & Projects, covering the Company's operations, development projects and M&A efforts globally. Eduardo Noriega. Chief Financial Officer. MBA from the University of Texas. He was appointed CFO of Hochschild Mining on 10 December 2021 having joined the Company in March 2007. |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
