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Share Name Share Symbol Market Type Share ISIN Share Description
Hochschild Mining Plc LSE:HOC London Ordinary Share GB00B1FW5029 ORD 25P
  Price Change % Change Share Price Shares Traded Last Trade
  -6.40 -2.63% 237.00 1,628,419 16:35:20
Bid Price Offer Price High Price Low Price Open Price
236.00 236.60 244.60 233.60 244.60
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 569.81 77.98 6.79 34.4 1,212
Last Trade Time Trade Type Trade Size Trade Price Currency
18:23:03 O 46,868 237.00 GBX

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Trade Time Trade Price Trade Size Trade Value Trade Type
2020-10-22 17:23:15237.0046,868111,077.16O
2020-10-22 17:23:15237.008732,069.01O
2020-10-22 17:23:15237.0011,50627,269.22O
2020-10-22 17:23:15237.001,4933,538.41O
2020-10-22 17:23:14237.0019,44846,091.76O
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Hochschild Mining (HOC) Top Chat Posts

DateSubject
22/10/2020
09:20
Hochschild Mining Daily Update: Hochschild Mining Plc is listed in the Mining sector of the London Stock Exchange with ticker HOC. The last closing price for Hochschild Mining was 243.40p.
Hochschild Mining Plc has a 4 week average price of 204.80p and a 12 week average price of 204.80p.
The 1 year high share price is 326.80p while the 1 year low share price is currently 80.40p.
There are currently 511,414,725 shares in issue and the average daily traded volume is 1,132,147 shares. The market capitalisation of Hochschild Mining Plc is £1,212,052,898.25.
20/10/2020
23:01
spacedust: Great posts. Will not make a difference to hoc share price unfortunately. Which really is a shame coz it should......
19/10/2020
21:31
spacedust: Yet hoc share price remains static......this will be 300p
16/10/2020
23:44
risa5: 2 FTSE 250 stocks I’d buy for a second wave of the coronavirus Friday, 16th October, 2020 | More on: HOC IGG Striking FTSE 250 gold In times of crisis, investors flock to gold. Although the price of the yellow metal dipped as investors sold everything in March this year, it was not hit as hard as oil or stocks. In fact, the first wave of the coronavirus was positive for gold: its price is up 24% since the start of the year, and an all-time high price of $2,063 per troy ounce was hit in August. Higher gold prices are good for the companies that mine and sell it, like Hochschild Mining. Investors might flock to safe-havens, like gold again if economies stutter in the second wave of the coronavirus. Investors bidding up the gold price would be positive for Hochschild Mining’s share price. Beyond the coronavirus, there is the possibility of inflation returning, which is positive for the price of gold. Hochschild also mines silver which is used in things like solar cells. Net-zero targets and ‘green recovery’ packages bode well for the long-term price of silver. Higher silver prices are good for shareholders of FTSE 250-listed Hochschild Mining. https://www.fool.co.uk/investing/2020/10/16/2-ftse-250-stocks-id-buy-for-a-second-wave-of-the-coronavirus/
22/9/2020
20:50
risa5: Hochschild Mining presses reset on Peruvian operations September 22, 2020 Hochschild Mining (LON: HOC) recently resumed production at full capacity at its biggest gold-silver mine in Peru, Inmaculada, following months of disruption caused by the coronavirus pandemic. The precious metals miner said it has implemented a series of measures to deal with a potential second wave of covid-19 at all of its operations to avoid major issues. Speaking to MINING.COM, chief executive Ignacio Bustamante said Hochschild employees now follow a stricter set of health protocols than those mandated by authorities in Peru an Argentina, including a “double covid-19 testing” program. THE PRECIOUS METALS MINER SAID IT EXPECTS VOLATILITY IN THE GOLD AND SILVER MARKETS TO LINGER THIS YEAR “As a company, we have been aiming to focus on prioritizing the health of our employees above business continuity,” Bustamante said. “We have also backed up these protocols with an ongoing communication campaign and a bespoke IT system to monitor the progress of cases amongst our employees and to facilitate shift-changes in a covid-secure manner.” Hochschild was forced to shut its flagship Inmaculada and its other Peruvian mine, Pallancata, from mid-March to mid-May as the country went into a strict lockdown. It reopened but was then forced to halt work at Inmaculada again in July after a number of workers tested positive for covid-19. The company was finally able to resume operations at full tilt on September 7. Restrictions on the movement of people in Argentina, however, remain in place, but Hochschild expects to reach full production by the fourth quarter. The company has already felt the impact of the closures on production. Before the pandemic, it expected to mine 36 million ounces of silver equivalent or 422,000 ounces of gold. It now targets 24 million to 25 million ounces of silver equivalent this year and 280,000-290,000 of gold equivalent. “We have issued a realistic revised forecast range but if we do see further stoppages due to the virus we might need to revise those figures,” Bustamante said, adding that the situation in both countries remained “delicate.” Ahead with exploration Hochschild is moving forward with its largest ever brownfield program, which includes over 200,000 metres of drilling. It’s focused on a number of precious metal targets in Peru and Argentina, close to its existing operations. The goal, Bustamante said, is to increase the life-of-mine of the company’s mines, improve the quality of its resources and fill up the spare plant capacity it has. Hochschild is also carrying out drilling at early stage projects including Crespo and Arcata in Peru, as well at other projects or former mines such as Condor, Corina and Ares. HOCHSCHILD IS EXECUTING A $9 MILLION GREENFIELD EXPLORATION PROGRAM, WITH TARGETS IN THE US, MEXICO AND CANADA The miner, which participated in the 2020 Denver Gold Forum Americas conference this week, is also executing a $9 million greenfield exploration program, with targets in the US, Mexico and Canada. Those include the SNIP project in British Columbia, being advanced by Skeena Resources, and in which Hochschild has an option on. The company has ventured into a new market, with its BioLantanidos rare earths project in Chile, which is expected to reach the feasibility stage early next year. “We believe that this ionic clay deposit (a type that is very rare outside of China) has the potential to be one of the lowest cost sources of high demand rare earths globally,” Bustamante said. “Ionic clay resources differ from the more common hard rock-based rare earth projects as the mineralization occurs close to the surface and does not require explosives.” That kind of project doesn’t need tailings dams, as the clay undergoes a simple and environmentally-friendly desorbing process that uses no harmful chemicals to extract the rare earth oxide before the washed clay is simply returned to the pit, Bustamante noted. Bustamante said the company still anticipates some volatility in silver prices and the market in general. “We think that the strength of silver price is underpinned by the significant fiscal and monetary stimulus initiated by governments and central banks in response to the covid-19 crisis and a weakening of the US dollar,” he said. Bustamante added there hasn’t been a significant supply response from silver or gold sectors yet. There are very few substantial primary silver projects close to production and many projects remain stuck in development or require significant financing, he noted. Gold prices have climbed this year by about 28%, hitting a record high of above $2,000 an ounce in August. Silver has also been gaining, outperforming gold, and is up 50% to $24 an ounce. https://www.mining.com/hochschild-mining-presses-reset-button-on-peruvian-operations/
09/9/2020
07:50
stevea171: "We initially aim to start production by the end of 2022 or early 2023." Q&A: Biolantanidos targets HRE production in 2022-23 Published date: 24 June 2020. By Caroline Messecar There is increasing interest in the growth potential of heavy rare earth prices and potential suppliers as the world's largest rare earth producer, China, now relies on imports of heavy rare earth ore after closing down its depleted and polluting mining operations. And the rest of the world is dependent on China's capacity to process and separate the ore into the heavy rare earth oxides crucial to the magnets that will power the transition to electric vehicles (EVs). Last October, gold producer Hochschild, which has large mining operations in the Americas, diversified into rare earths by acquiring the outstanding 93.6pc of the Biolantanidos heavy rare earth ionic clays deposit in Chile from investment fund Minera Activa. Argus spoke with the recently appointed chief executive, Rodrigo Ceballos, about project developments and some of the challenges specific to the rare earth industry. Q. Since the announcement that Hochschild increased its stake in Biolantanidos to 100pc, we have heard little about the project beyond a commitment to submit a revised feasibility study in 2021. A. When Hochschild bought the project, they said the key is to fully understand the resource and its potential recovery efficiency. And this is what we have been doing. We are working on a definitive feasibility study (DFS) that will be released in the fist quarter of next year. We have done extensive exploration and consolidated all the mining property. We have also made good progress in engineering and built a great team of professionals. Maybe there has been more work and achievements than communications, despite the fact that Biolantanidos is one of the few feasible, fully funded, western-hemisphere heavy rare earth projects. I personally joined the company because of its strong commitment to deliver the project to the highest standards, both internally (process efficiency) and externally (environment, communities). Q. Hochschild is specialised in the underground mining of precious metals, but Biolantanidos is an open-pit project. What kind of technical challenges do you envisage? A. Hochschild's experience is tremendously valuable in the development of our project. With its extensive knowledge and network, it has identified the best experts in the field. Since the start, we have worked with specialists from the public and private sectors, institutions including the University of Concepcion, University of Chile and the Chilean Economic Development Agency (Corfo), in addition to top-tier professionals in Canada and Germany, among others. We are laying the foundations for the rare earth industry in Chile and contributing to its development in Latin America. The biggest technical challenge for the project is actually related not to the type of mining but to process optimisation. Q. Can you explain what you mean by process optimisation? A. This project is unusual because it is a heavy rare earth ionic clay deposit. There is not much experience outside of China of ionic clay mining. Ionic clays have a much easier mineralogy than hard rock deposits. They have a simpler structure so you need far less complex processes to get to, extract and concentrate the minerals. For example, we do not need to do any crushing, milling or cracking [acid and alkali treatment]. This, of course, makes it cheaper and economically stronger. But there is a trade-off. There is always a trade-off. The ore grade [mineral percentage by weight] is lower compared with other types of deposits, like carbonatites and hydrothermal veins. So you need to be efficient, and you need to be very precise. It is important to mention that the process we are using is extremely environmentally friendly. The main reactant we use for extracting the minerals is a commonly used fertilizer, water consumption is very low and the process has a high degree of recirculation. The technology is proprietary. A pilot plant was built and successfully operated by the previous owners. Q. What do you see as the biggest challenge that is specific to rare earths? A. We see a strong demand outlook for dysprosium and terbium in the medium and long term, driven by the electrification of the transportation sector and growth in renewable energy. But there does not seem to be a relevant group of rare earth projects coming to production soon. It is clear that the magnet sector has a lot of growth potential. But what is specific, I would say to the rare earth industry, is that price volatility — which at times has been intense — is not only driven by regular supply-and-demand fundamentals but by government policies — ie, duties, import/export bans, production quotas — which are all hard to predict. Therefore, a project needs to have a basket composition in which the prices are high enough and the cost structure low enough to shield against price turbulence caused by factors outside the industry. Q. When do you expect to start production? Who do you see as your customer? A. We initially aim to start production by the end of 2022 or early 2023. Although a base case could be to sell this output to China, which today is basically the only country with the commercial capacity to separate heavy rare earths. But we definitely see ourselves as a supply source for the rest of the world. We firmly believe there will be increasing demand for [heavy rare earth] dysprosium, terbium, [light rare earth] neodymium and praseodymium products in the west as key industries further develop. The global need to diversify supply has grown. We have seen US and European initiatives to secure new sources and additional rare earth oxide separation capabilities. In this scenario, Biolantanidos is a competitive and sustainable alternative. Q. Tell us about your background. This is not your first involvement in rare earths. A. I am an industrial and mining engineer. I spent many years working in refractory metals, molybdenum and rhenium and was involved in the launch of the molybdenum contract on the London Metal Exchange (LME) as a member of the minor metals committee. Through my work at molybdenum producer Molymet, I participated in the investment in 2012 by molybdenum producer Molymet in rare earths producer Molycorp [a massive project that ultimately failed when prices crashed]. So I had an interesting and tough exposure to a very significant project in terms of capex and extremely challenging both technically and financially, during one of the most volatile periods in the industry's history hTTps://www.argusmedia.com/en/news/2117315-qa-biolantanidos-targets-hre-production-in-202223
08/9/2020
09:40
risa5: Hochschild forecasts 40 per cent production drop Tip Update: Buy at 239p Tip style SPECULATIVE Risk rating HIGH Timescale SHORT TERM Our previous tip We said BUY at 174p on 20 Feb 2020 Tip performance to date +37% It was already clear that Hochshild Mining (HOC) would see a major decline in production this year because of Covid-19 shutdowns. Now, the gold and silver miner has confirmed a probable 40 per cent drop in output. The company announced guidance of 280,000-290,000 ounces gold equivalent for 2020 on Monday. Last year, the Peru miner produced 477,400oz gold equivalent. Inmaculada, its largest operation, has been shut down twice this year due to the pandemic. The first was in March as part of the government’s prevention strategy. The second closure happened in July, after several workers contracted the virus. There will also be a hit to earnings from the all-in sustaining cost (AISC) across its operations, which will climb to $1,250-$1,290 an oz, around 30 per cent ahead of previous guidance. Hochschild produced 126,835oz gold equivalent in the first half, so is expecting a smooth final few months of the year. Earnings will be supported by the gold and silver prices climbing significantly this year, although the combination of lower production and higher costs could see the bottom line take a hit. Hochschild expects capital spending to fall from $205m last year to $110m-$120m, because of projects being suspended or slowed down. The miner was trading 3 per cent higher on the guidance update, at 239p. IC View Hochschild was vague early on about the impact on production and costs for this year, as the Peruvian government kept pushing back its forced shutdowns. The second suspension at Inmaculada made their caginess seem more reasonable. If there are no more closures this year, we would expect to see the dividend returned swiftly. Buy. https://www.investorschronicle.co.uk/shares/2020/09/07/hochschild-forecasts-40-per-cent-production-drop/
07/9/2020
16:45
risa5: Hochschild cuts output guidance but signals waning Covid-19 impact FTSE 250 miner says flagship site in Peru is back to normal after coronavirus halt Hochschild Mining has lowered this year’s gold and silver output forecasts after the Covid-19 pandemic hit its operations in South America. However, the FTSE 250 group said on Monday its flagship Inmaculada operation in Peru had resumed full operations after being halted for a second time in July when workers tested positive for coronavirus. “The company has implemented a more stringent set of health protocols at the mine than mandated by authorities and introduced a comprehensive testing programme,” Hochschild said. Shares in the company rose 3 per cent in morning trading on Monday. While the stock has gained 35 per cent this year it has lagged behind the 50 per cent rise in the price of silver, to $27 an ounce. Hochschild was forced to close its mines in Peru for 11 weeks starting in March after the government declared a 15-day emergency because of the virus. The company’s San Jose mine in Argentina was also shut for six weeks during a nationwide quarantine. On July 6 Hochschild said that “despite taking a number of preventive measures” including testing and mandatory quarantine, a number of workers had tested positive for Covid-19 at Inmaculada. The company said it had temporarily halted operations as a result. Hochschild operates three underground mines, two in southern Peru and one in Argentina. Due to mine closures, Hochschild said it expected to mine 24m-25m ounces of silver this year and 280,000-290,000 of gold, down from a previous target of 35m ounces of silver and 432,000 of gold. (should be EQUIVALENT OZs of gold or silver) The company said capital spending would also increase to between $110 and $120m because of deferred mine development at Inmaculada and San Jose. Hochschild also flagged higher costs, saying it expected “all-in sustaining costs”, a metric that combines operational and maintenance costs, to be $14.50-$15 for an ounce of silver and $1,250-$1,290 for gold in 2020 because of the pandemic, up from $12.5-$12.9 and $1,015-$1,045 previously. Analysts at Berenberg said Hochschild’s strong balance sheet and high silver prices meant it was “more than able to increase spending”. Still, Hochschild’s revised guidance was below its expectation of 26.4m ounces of silver, Berenberg said. https://www.ft.com/content/a30675f2-e63d-4bea-b092-b5fbc645c867
25/8/2020
20:36
sotolo: Stevea where do you see Hoc share price going in next few months IF gold and silver stay where they are now?
24/7/2020
14:38
risa5: Stock market crash: A dividend stock whose share price could surge in August! Royston Wild 19 July 2020, 7:38 am You should always look to buy companies with a view to how they’ll likely be performing several years from now. The most successful share investors following the 2020 stock market crash are likely to be those with long-term strategies. Buying shares based on what you’ll think their share prices will do over a short time horizon often spells trouble. That’s not to say that investors shouldn’t buy shares today in the hope of meaty share price gains. Provided you buy companies with bright long-term futures, and strong balance sheets to help them navigate temporary problems for the global economy, then adding shares to your investment in expectation that they’ll gain value in August remains a good idea. Even if another stock market crash happens next month, companies of true quality should still furnish you with terrific returns over the long run. Navigating the stock market crash I’d certainly buy Hochschild Mining (LSE: HOC) shares on hopes of a silver price surge in August. The business hasn’t fallen in value as part of the broader stock market crash. In fact the FTSE 250 miner has gained 18% in value in 2020 thanks to rocketing metal values. And I’m encouraged of more gains by City brokers steadily ramping up their silver price forecasts. The number crunchers at Jefferies are the latest to upgrade their expectations on strong investment demand. They now expect silver – which just spiked above the $19 per ounce marker – to keep rising to average $19.50 in quarter four. They think it’ll average 20 bucks an ounce in 2021, too. Buy into this silver star Buying Hochschild Mining shares is a great way to ride the rocketing silver price. News from the business, which digs for metal all over the Americas, hasn’t been that brilliant of late. Silver production crashed in the first half due to Covid-19-related shutdowns. But the bright silver price has allowed it to avoid sinking amid the broader stock market crash. Normalising work conditions more recently suggest that the business is over the worst of it. Indeed, I’d buy Hochschild as production at its flagship Inmaculada asset in Peru goes from strength to strength and exploration at the mega mine continues to yield terrific results. I’d also buy because of the bright outlook for silver prices beyond the medium term, first on expectations of strong safe-haven demand and secondly on the likelihood of improving industrial demand as the global economy steadily improves. Hochschild doesn’t carry the biggest dividend yields out there. These sit at 1% and 1.7% for 2020 and 2021 respectively. But City brokers expect dividends to explode over the medium term as profits improve. And I expect them to keep rocketing as silver prices likely keep on improving. I’d buy this FTSE 250 dividend stock today and hold it for years. https://uk.finance.yahoo.com/news/stock-market-crash-dividend-stock-063840736.html
24/7/2020
09:11
rathkum: https://www.fool.co.uk/investing/2020/07/24/looking-for-top-uk-stocks-to-buy-id-buy-this-dividend-share-after-the-stock-market-crash/ Silver prices are rocketing! I believe that Hochschild Mining (LSE: HOC) has the words ‘millionaire maker’ stamped all over it. Why? It’s a major player in the production of silver and is thus well placed to ride the booming metal price over the next several years. Some would actually say that Hochschild is one of the better stocks to buy if you want to get access to precious metals. Both gold and silver are rocketing in value right now and the latter just hit seven-year peaks above $23 per ounce. But silver’s gains have been much less impressive than those of gold over the past year. And this means that it has much more scope to rip higher from now on, supercharging Hochschild’s profits in the process. How high can silver go? Well the boffins at Citi expect the shiny commodity to hit $25 by the middle of next year. A dreaded mix of macroeconomic and geopolitical problems (trade wars, Brexit, a Covid-19 hangover and the like) is likely to keep investment demand for the metal rising. And industrial demand for silver should pick up steadily in the next year or so as the global economic recovery kicks in. One of the great dividend stocks to buy right now These factors make Hochschild a terrific growth stock to buy today. City analysts expect earnings here to fall around 45% in 2020 because of Covid-19-related production stoppages. They think that the company will rebound with an increase of round 330% in annual earnings in 2021, though. As a consequence, dividends are expected to rocket, too. An annual payout of 2.2 US cents per share that brokers project for this year is expected to surge to 3.7 cents in 2021. This means that an inflation-beating yield of 1% marches to 1.6% for next year. These are not the biggest dividend yields out there, sure. But the likelihood of rocketing silver prices, and thus Hochschild’s earnings, over the next few years means that dividends can be expected to keep on booming. In my opinion Hochschild is one of the best stocks for income chasers to consider buying today. And a forward price-to-earnings (P/E) ratio of just 14 times for 2021 suggests impressive value for money.
Hochschild Mining share price data is direct from the London Stock Exchange
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