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HOC Hochschild Mining Plc

127.20
0.60 (0.47%)
Last Updated: 14:42:27
Delayed by 15 minutes
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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.60 0.47% 127.20 127.00 127.40 129.40 125.50 126.50 615,379 14:42:27
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Silver Ores 735.64M 2.96M 0.0058 219.14 653.88M
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 126.60p. Over the last year, Hochschild Mining shares have traded in a share price range of 67.50p to 129.40p.

Hochschild Mining currently has 514,458,432 shares in issue. The market capitalisation of Hochschild Mining is £653.88 million. Hochschild Mining has a price to earnings ratio (PE ratio) of 219.14.

Hochschild Mining Share Discussion Threads

Showing 34776 to 34800 of 34800 messages
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DateSubjectAuthorDiscuss
28/3/2024
10:11
First gold pour at Mara Rosa was on 20th February. I expect commercial production to be announced ahead of schedule, within 3 months of this start up. Probably May. With gold holding over $2000 and looking to take out $2200 imminently the timing of production at HOC's new mine with low costs could hardly be better.

Mara Rosa is expected to produce between 83,000 to 93,000 ounces of gold in 2024 at an all-in sustaining cost of between $1,090 and $1,120 per ounce.

Focus now is on completing the ramp up of the processing plant to achieve commercial production. In addition, the brownfield team is continuing its programme to further grow the resource base at a number of targets in the region.

stevea171
27/3/2024
20:21
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.

rathkum
27/3/2024
15:44
Why today's rise:
Berenberg raises Hochschild Mining price target to 170 (150) pence - 'buy'

rathkum
27/3/2024
08:53
120p back test over, HOC moving ahead.
stevea171
26/3/2024
10:26
Peter Schiff: “I think we’re on the verge of the biggest bull market in commodities since the 1970s. Of course, this flies in the face of Powell claiming that inflation is going to go back down to two percent. There’s no chance that inflation is going to go back down to two percent! All the data shows that inflation is on the way up. Plus, if you understand what inflation is, it has nowhere to go but up.”

A hotter-than-expected Producer Price Index (PPI) report last week also contradicts Powell, with the PPI increasing from last month by more than twice the most conservative estimates. The PPI, in addition to a recently announced 13% federal deficit increase, does not bode well for the economy:

“This is why we have inflation. It’s driving prices higher. All this money is being spent. How can it not bid up prices? This is why the Fed is not only going to taper the QT [quantitative tightening] program but go back to quantitative easing because government spending is going ballistic. And all of it is stoking the fires for inflation. … There’s no downward pressure from five and a quarter, five and a half percent interest rates. Those rates are still too low.”

stevea171
26/3/2024
10:11
Gold $2191. +$20.
Are these 2 events connected?

Huge Bridge In Baltimore Collapses After Container Ship Strike.
Baltimore is the most inland port on the East Coast and is interconnected to the I-95 highway network. With no commercial vessels sailing in and out of port anytime soon, this is catastrophic for port operations and could spark major supply chain snarls in the Mid-Atlantic and Northeast.

Last year, according to the Maryland government's website, the Port of Baltimore managed over 52 million tons of international cargo valued at more than $80 billion, ranking it as the ninth busiest port in the United States.

stevea171
22/3/2024
19:07
If you want charts I suggest you start your own thread.
stevea171
22/3/2024
11:08
With the exception of the charts, the other thread is a waste of time.
petersinthemarket
22/3/2024
10:02
"700k dumped yet thr pr8ce goes up. Love it"

LOL....

sniff_the_tip
21/3/2024
19:28
240p in 2024
spacedust
21/3/2024
19:28
700k dumped yet thr pr8ce goes up. Love it
spacedust
21/3/2024
18:27
Guys. The usual Kitco charts haven't come back since their site was attacked last year. I have put links in the header for what Kitco is currently offering.
I also begin the header by saying traders plse use the other thread because there is a lot of history with posters here I don't want to repeat.
The other thread has extra charts.

stevea171
21/3/2024
16:50
well someone dumped 700,000 shares at 2pm today
sniff_the_tip
21/3/2024
15:54
Daily charts with volumes please taa. Given that we're all long here. This will be 240p at some point this yr
spacedust
21/3/2024
15:47
steve - any chance of some extra charting on here pls.
The alternative thread is long dead.
pete

petersinthemarket
21/3/2024
14:05
250p at some point in 2024
spacedust
21/3/2024
12:05
Long & strong here....DYOR
qs99
21/3/2024
07:27
May have to do the same....waiting for my Equals holding to be finally, bid for to access some cash....

PoG motoring nicely, Fed 3 cut signal in 2024 helps $ weakness and commodity pricing especially PoG....how far can it go?!

Either way, over $2,000 for material levels of time should see some material EBITDA for gold miners....DYOR

qs99
20/3/2024
21:00
Yep loaded up more today.
tidy 2
20/3/2024
19:41
Yup, Fed reiterated 3 rate cuts this year, $ down, commodities up....DYOR
qs99
20/3/2024
19:18
Gold and silver breakout guys
tidy 2
19/3/2024
14:00
Peel Hunt raise Hochschild Mining to 180p today, expects a dividend ahead but suggests a buyback a possibility too. Additional value from Monte de Carno driving the hike.

"Now Mara Rosa has started-up, we expect to see a significant step-up in output and cash generation in FY24E"

Their EPS increase jumps by 41% but their gold price forecast for 2024 is $1,799 vs spot at $2,156. Implies further upgrades ahead and notable conservatism in their HOC numbers.

rathkum
18/3/2024
11:04
ACLARA ANNOUNCES UP TO US$80M STRATEGIC INVESTMENT BY CAP IN ITS CHILEAN SUBSIDIARY AND AN OPTION FOR AN EQUITY INVESTMENT OF UP TO 19.9%

TORONTO, ON, March 13, 2024 – Aclara Resources Inc. (TSX: ARA) is pleased to announce that it has entered into an investment agreement with CAP S.A. (“CAP”), a publicly listed company on the Chilean Stock Exchange, pursuant to which, amongst other things, CAP will make a US$29 million strategic investment in REE Uno SpA (“REE Uno”), Aclara´s Chilean subsidiary, which owns the Penco Module (the “Investment Agreement”). Under the terms of the Investment Agreement, CAP also has an option to invest an additional US$50 million in REE Uno and a three-year option to subscribe a 19.9% interest in Aclara, and the parties have also agreed to form a joint venture company to develop metals and alloys for the rare earths permanent magnet industry (the “Transaction”). The Transaction reflects the parties’ shared view that the future will require innovative mineral extraction methods, a strong focus on environmental and social sustainability, and the understanding that our planet requires cleanly produced rare earths metals in its urgent fight against climate change.

CAP S.A., a company with more than 77 years of history and listed in the Chilean Stock Exchange since 1987, is the parent company of the CAP Group, a Chilean conglomerate operating in various industries including iron ore mining (CMP), with mines and industrial operations in the north of the country, as well as steelmaking operations in Concepcion (Huachipato), very close to the Penco Module. CAP is one of the leading high-grade iron ore producers in the world with four operating mines in Chile. In addition, CAP has several steel product manufacturing plants in Chile, Peru and Argentina. It operates five ports, a seawater desalination plant and has vast industrial infrastructure in the Biobio region. Huachipato has been operating since 1950, and together with SMS Group is developing a project for sustainable steel using green hydrogen for the direct reduction of iron. CAP has a strong connection with the people of the Biobío region, where it has been a major employer for several decades, contributing directly to the development of the south of Chile.

stevea171
18/3/2024
10:11
In case anyone missed it. This announcement last week is a significant investment in Aclara's Penco module by a huge Chilean conglomerate - CAP which has a Mkt Cap of $957 billion. Aclara (Penco + Carina Modules) may become a billion dollar company before HOC which has a 20% stake in Aclara.

Carina Module (Brazil) PEA: After-tax NPV(8%) of US $1.2 billion and IRR of 29%. Carina represents 13.7% and Penco 3.3% of Chinese official production of critical, heavy RE's Dy and Tb.

This initial investment by CAP represents a pre-money valuation of REE Uno (Chile's Penco module) of US$116.5 million. This second investment represents a pre-money valuation of REE Uno of US$150 million.

The option for an additional US$50 million investment post-receipt of the environmental permit is intended to cover a significant part of the equity portion associated with the construction of the Penco Module. This provision mitigates financing risks linked to the module's construction for Aclara.

It's noteworthy that Aclara's Brazilian subsidiary, Aclara Mineracao, which oversees the Carina Module and all mining concessions in Brazil, is not part of this transaction nor included in the valuation mentioned above. This aspect adds further value to Aclara Resources and its shareholders.

stevea171
17/3/2024
09:30
The price of silver has surged $3 in the past 12 trading days because India is creating a short squeeze in the silver market. This is a demand driven situation that threatens to send the price of silver soaring in the short-term.

Alasdair Macleod: India Creating Short Squeeze In The Silver Market
They key to this activity is India. The Indian government introduced a solar production linked incentive scheme. Reliance Industries, among others, are investing heavily in photovoltaic production, and is commissioning the first 5 giga-watt phase of a 20 GW manufacturing facility scheduled for opening this month. I am informed by industry sources that being unable to source sufficient silver from refiners, Reliance has been buying what it can in silver markets, including Comex. It is almost certainly Reliance which is taking the bulk of that 1,201 tonnes and the acceleration of deliveries this month reflects the commissioning of Phase 1 in Jamnagar.

Shorts Losing Their Grip On Silver
It seems extraordinary that with the massive increase in global ESG-related demand that the silver price has not yet risen significantly. But as I explained in a post to my Substack subscribers this week, China has deliberately suppressed the silver price while importing significant quantities to bolster its photovoltaic production. Now that India is rapidly developing its output under government schemes, China is likely to lose its grip on price.

stevea171
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