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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Hochschild Mining Plc | LSE:HOC | London | Ordinary Share | GB00B1FW5029 | ORD 1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 7.20 | 4.26% | 176.20 | 639,798 | 16:35:03 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 175.00 | 175.40 | 176.60 | 168.40 | 168.40 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Silver Ores | USD 693.72M | USD -55.01M | USD -0.1069 | -16.41 | 869.43M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:36:58 | AT | 1,867 | 176.20 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 24/7/2024 | 12:58 | ALNC |  Hochschild gold production increases 20% with new Mara Rosa mine |
| 24/7/2024 | 07:00 | UK RNS | Hochschild Mining PLC Production Report for 6 months ended 30 June 2024 |
| 28/6/2024 | 14:03 | UK RNS | Hochschild Mining PLC 2023 Report on Payments to Governments |
| 13/6/2024 | 14:00 | UK RNS | Hochschild Mining PLC Result of AGM |
| 31/5/2024 | 07:20 | UK RNS | Hochschild Mining PLC Director/PDMR Shareholding |
| 17/5/2024 | 20:02 | ALNC | IN BRIEF: Hochschild Mining CEO Landin buys GBP236,000 worth of shares |
| 17/5/2024 | 12:59 | UK RNS | Hochschild Mining PLC Director/PDMR Shareholding |
| 14/5/2024 | 12:25 | ALNC | Hochschild Mining achieves Mara Rosa gold mine commercial production |
| 14/5/2024 | 07:00 | UK RNS | Hochschild Mining PLC Commercial Production Achieved at Mara Rosa |
| 10/5/2024 | 15:08 | UK RNS | Hochschild Mining PLC 2023 Annual Report and Notice of 2024 AGM |
Hochschild Mining (HOC) Share Charts1 Year Hochschild Mining Chart |
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1 Month Hochschild Mining Chart |
Intraday Hochschild Mining Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 25/7/2024 | 22:57 | Hochschild - Silver Mining, the place to be! | 23,331 |
| 25/7/2024 | 13:09 | Hochschild Mining - The Serious Traders Thread | 6,624 |
| 27/6/2024 | 11:19 | Hochschild Mining | 5,085 |
| 24/3/2023 | 12:47 | tuscan | - |
| 15/7/2022 | 12:26 | Hocschild Mining - Long Term Value Proposition | 53 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2024-07-26 15:36:58 | 176.20 | 1,867 | 3,289.65 | AT |
| 2024-07-26 15:35:03 | 176.20 | 173,535 | 305,768.67 | UT |
| 2024-07-26 15:30:00 | 175.40 | 5 | 8.77 | AT |
| 2024-07-26 15:30:00 | 175.40 | 2 | 3.51 | AT |
| 2024-07-26 15:30:00 | 175.40 | 68 | 119.27 | AT |
| Top Posts |
|---|
Posted at 27/7/2024 09:20 by Hochschild Mining Daily Update Hochschild Mining Plc is listed in the Silver Ores sector of the London Stock Exchange with ticker HOC. The last closing price for Hochschild Mining was 169p.Hochschild Mining currently has 514,458,432 shares in issue. The market capitalisation of Hochschild Mining is £902,360,090. Hochschild Mining has a price to earnings ratio (PE ratio) of -16.41. This morning HOC shares opened at 168.40p |
Posted at 25/7/2024 22:57 by rathkum In its Production Report yesterday, HOC stated that 2024 Brownfield drilling programe commenced with encouraging early results from Inmaculada and Mara Rosa.For more details which is in Spanish: Hochschild plans new drilling in Immaculate to expand its mineral potential During the second quarter of 2024, Hochschild Mining, a leading mining company with operations in Peru and South America, has reported significant progress in its exploration and production activities. The firm executed 5,948 meters of drilling to detect potential mineral and resources in its gold and silver mine, located in Ayacucho. The drillings were carried out in the structures of the Treasure veins, Nicholas, Andrea and Sara. Hochschild Mining has planned an ambitious exploration program for the third quarter of 2024. At its Immaculate Mine, the company plans to conduct four potential drillings in the Kary vein, covering approximately 2,500 meters. In addition, 12,000 metres of resource drilling will be executed in the Treasure and Nicholas veins. These works seek to expand knowledge of mineral potential in the vicinity of the current operation. As for its international operation in Mara Rosa, Brazil, Hochschild is preparing to carry out six resource survey drilling during the third quarter, after completing 2,495 meters of drilling under the slice of "Posse." The entry into commercial production of Mara Rosa and the strong forecasts for the second semester underline the company's commitment to growth and expansion. Operational Results At the close of the first half of 2024, Hochschild Mining reported attributable production of 12.7 million ounces of silver equivalent, equivalent to 152,792 ounces of gold equivalent. In the second quarter alone, the company recorded a higher-than-expected performance in Immaculate and a solid first contribution from Mara Rosa. The company remains on track to meet its annual target of attributable production, with a target of 343,000 to 360,000 ounces gold equivalents or 28.0 to 29.9 million ounces of silver equivalent by 2024. Hochschild also reiterated that its total maintenance cost for the year will be adjusted to the guide between US$1,510 and US$1,550 per ounce equivalent of gold, or between US$18.2 and US$18.7 per ounce of silver equivalent. Future Outlook Eduardo Landin, CEO of Hochschild Mining, expressed optimism about the company's performance: We are still on track to meet our annual production and cost forecasts. We can now expect a substantial increase in production in the second half of the year, which, in addition to the current strong prices of precious metals, is expected to generate significant free cash flow. With these advances, Hochschild Mining reinforces its position as a key player in mining precious metals in South America, continuing its efforts to maximize the value and growth of its operations. |
Posted at 24/7/2024 07:30 by stevea171 24 July 2024Production Report for the 6 months ended 30 June 2024 Hochschild Mining PLC ("Hochschild" or "the Company") (LSE: HOC) (OTCQX: HCHDF) is pleased to announce its production report for H1 2024. Eduardo Landin, Chief Executive Officer commented: "We have delivered a robust second quarter with another good performance from Inmaculada and a first material contribution from our new Mara Rosa mine in Brazil and remain on track to meet our annual production and cost guidance. We can now look forward to a substantial increase in output in the second half which, when combined with the current strong precious metal prices, is expected to see the Company generate significant free cashflow." Operational highlights § Q2 2024 attributable production:[1] o 57,815 ounces of gold o 2.1 million ounces of silver o 83,034 gold equivalent ounces o 6.9 million silver equivalent ounces § H1 2024 attributable production o 103,752 ounces of gold o 4.1 million ounces of silver o 152,792 gold equivalent ounces o 12.7 million silver equivalent ounces § Reiterate 2024 guidance: o Production of 343,000-360,000 gold equivalent ounces o All-in sustaining costs of $1,510-1,550 per gold equivalent ounce Project & Exploration highlights § Mara Rosa mine in commercial production with strong second half forecast § Cerrado Gold Inc. shareholders approved Hochschild's purchase of an option to acquire Monte do Carmo project o $15 million paid already for the option cost; $45 million to be paid in instalments if the option is exercised o Exploration & technical work ongoing § 2024 Brownfield drilling programme commenced with encouraging early results from Inmaculada and Mara Rosa Financial position § Total cash of approximately $89 million as at 30 June 2024 ($73 million as at 31 March 2024) § Net debt of approximately $271 million as at 30 June 2024 ($282 million as at 31 March 2024) § Current Net Debt/LTM EBITDA of approximately 0.8x as at 30 June 2024 |
Posted at 21/7/2024 11:12 by stevea171 Theoakbloke conclusion on HOC earnings this year may be optimistic but makes the point that the recent gold prices since early Q2 of $2300 to $2450 are to some extent not yet factored into analysts forecasts."If I’m right on HOC being $400m Adj EBITDA in 2024 and a net profit of something like £170m and using today’s £940m market cap puts HOC on a 5.5 P/E." (I think he means $170m not £170m and P/E ratio is not correct). The summary of 8 analysts on HOC at MarketScreener agree that a step change in results is coming 2024 to 2026 with earnings per share of 30c, 36c and 45c projected with debt paid off around the end of next year and a small dividend to recommence for this year. Forecast FY 2024: Sales $902 million Profit before tax $312m Profit after tax $170m Fwd P/E ratio 7.7 Q2/H1 production due this week. Wednesday. |
Posted at 02/7/2024 08:38 by stevea171 Seekingalpha.com Jul 01, 2024.The Outlook for the Operations of Hochschild Mining The delayed MEIA approval of Inmaculada as well as the installation of gold production at Mara Rosa in Brazil (4 km north of Mara Rosa) and the impact of the Parliament's approval of Javier Gerardo Milei's comprehensive deregulation and privatization reform package for the San Jose mine (HCHDF owns 51%), a joint venture with McEwen Mining Inc. (MUX)'s 49% in Argentina (48 km east of Perito Moreo), positions Hochschild Mining plc's shares much better for the upcoming rise in metal prices. For the full year 2024, Hochschild estimates gold equivalent production to be in the 343,000-360,000 oz range with Inmaculada 200,000-205,000 oz accounting for 58% of total production, Mara Rosa 83,000-93,000 oz approx. 25%, and San Jose mine 60,000-62,000 oz. approx. 17%. Production will represent an increase of 14% to 19.7% from 300,749 GEOs in the full year 2023. All-in costs per GEO ounce sold (or “AISC/oz” AISC/oz is expected to fall to $1,470-$1,510 in 2024 and $1,300-$1,400 in 2025, reflecting positive effects from the devaluation of the Argentine currency in the wake of President Milei's economic policies, the portfolio integration of low-cost Mara Rosa AISC/oz. $1,090 to $1,120/oz, while San José AISC is expected to decline in line with the full-year forecast of $1,700 from Q1-2024 $1,947/oz as production ramps up. Solid Financial Position Fuels Optimism about the Longer-Term Prospects In 2023 Hochschild Mining reported 300,749 GEOs lower than guidance of 301,000 to 314,000 GEOs and has sold the precious metals at an average realized gold price of $ 1,974/oz. These inputs allowed Hochschild Mining to achieve higher profitability (adjusted EBITDA up 10% YoY to $274.4 million) on a lower revenue base (down 5.7% year-on-year to $693.7 million) because the gold price rose sharply by 10.2% year-on-year, which more than offsets headwinds due to lower-than-expected production. With production significantly up in 2024 and the previously described pricing environment most likely resulting in a higher realized price per ounce, the company is strongly poised to end the year with robust cash on hand, probably up from the end of 2023’s $89.1 million affected by the investment of $121 million to put Mara Rosa into production this year. Hochschild uses a medium-term loan of $200 million and at the end of 2023 it had a net debt position of almost $258 million, compared to $175.1 million in 2022, but the financial costs could easily be met by the company's profitability given the metal production and price conditions prevailing in 2023. The trailing 12-month operating income of $82.7 million as the numerator of a quotient where the trailing 12-month interest expense or denominator was $12.2 million led to an interest coverage ratio of 6.8x, as opposed to the typical minimum acceptable level for investors, which is instead between 1.5x and 2x. A solid financial position increases the chances of success of medium and long-term growth projects. Medium and Long-term Growth Projects The approval of the delayed MEIA by the Peruvian regulatory authority for the life of the Inmaculada mine with an extension of 20 years thanks to a more relaxed political and social climate also bodes well for obtaining permits to begin exploitation at Royropata before 2025 (which was originally estimate when the area was discovered in 2022). This is likely to prompt Hochschild to remove the "care and maintenance" status that the Pallancata mine (53 km north of Lampa, Peru) of which Royropata is part, has been in since Q4 2023. Pallancata was in a declining phase in 2023 with 2.4 million ounces produced against 3.3 million ounces in 2022 and a sharply increasing cost of $25.3/oz, but the company will resume exploration activities to renew mineral resources after the “care and maintenance” phase. For the Royropata deposit, Hochschild is targeting, following technical studies and environmental impact assessments currently underway, annual production of 100,000 ounces over 10 years of operation starting in 2027. San Jose wants to produce metals longer than 2028: Underground exploration near the San Jose mine now has the potential to extend a mineralized area from the current 80 meters to over 700 meters. Exploration activities indicate that there is potential for further exploitation of this deposit, even in shallower areas where high mineral concentrations are expected. Additional upside potential for the medium-term horizon will be provided by the opportunity to acquire the Monte do Carmo project located 37 km east of Porto Nacional in Tocantins Brazil from Cerrado Gold Inc. (OTCQX:CRDOF) (CERT:CA) by March 19, 2025, paying $45 million in installments over the next 3 years. During the option period, Hochschild will pay 10% interest on a $15 million loan received from Cerrado and must invest $5 million in exploration activities at Monte do Carmo. The Monte Do Carmo project is very interesting as it comprises 21 mineral concessions covering an area of 82,542 hectares and over 70% of this area is mineralized to some extent, as there are several prospects within a 10 km radius of the main deposit which runs along a 30 km long mineralized trend. According to an October 2023 feasibility study, Monte Do Carmo can produce an average of 95,000 ounces of gold annually for nine years and has an internal rate of return of 32%, which is high based on comparison with other projects encountered so far and from a price per ounce as an assumption that at $1,750/oz is with no doubt conservative. |
Posted at 26/6/2024 10:49 by petersinthemarket On 14 June Berenberg reiterated its Buy rating on HOC with a price target of £2.00. They met the CEO and CFO and confirmed a very positive view of HOC's near term future. The share price has already shown a significant year-to-date increase, but Berenberg sees potential for further growth. There is a frustrating delay in the environmental permit for Inmaculada, but HOC have signed an option agreement for their new Monte Do Carmo project in Brazil and their brilliant Mara Rosa gold resource is now in full commercial production. With gold pouring out of Mara Rosa and strong pricing of both gold and silver set to continue during 2024, a further re-rating could be on the cards.pete |
Posted at 31/5/2024 11:01 by stevea171 HOC's 10 million oz low grade, 100% owned development project Volcan, Chile has been up for sale for a while. It has no value in the HOC share price but the value keeps increasing with gold now $2340.A sale could release $100 million plus to pay down debt. Neighbours Barrick, Kinross, Yamana. 2022 Updated MRE giving M&I Resource of 10 million oz at 0.65 gm/t gold. 2023 PEA giving a NPV (5%) = $1,188 million and IRR = 26.3% at $2,000/oz gold price after tax. |
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 07/2/2024 15:26 by stevea171 Gold: $2040. Silver $22.33. Gold:silver ratio: 91:1This gold to silver ratio of 91 is very high on an historic basis. Gold has been doing well with holding its break out above $2000 but silver has been range bound for the past 3.5 years and has made no corresponding move. When it happens, likely in the next PM surge, silver should quickly move to $28, $30 and then $50. Every man and his dog will want a piece of the action. Of the London listed miners HOC and FRES are the most liquid with decent exposure to silver. Then, if not before, we should see the HOC share price hitting 200p, 300p and more. (HOC was last at 300p in mid 2020 and 200p in 2021.) |
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 10/5/2023 14:56 by blackhorse23 BOE interest rates hike tomorrow which will effect HOC share price , likely drop |
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