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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Hochschild Mining Plc | HOC | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -1.20 | -0.75% | 158.40 | 16:35:23 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 158.00 | 158.00 | 163.20 | 158.40 | 159.60 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 24/4/2024 07:44 by nilla159 Good solid report as expected, with the added bonus of earlier commercial production at Mara Rosa the new Brazilian gold mine.Looks like a promising future for investors. |
Posted at 24/4/2024 07:34 by stevea171 24 April 2024Production Report for the 3 months ended 31 March 2024 Eduardo Landin, Chief Executive Officer said: "We have delivered a good start to 2024 with production and costs at Inmaculada and San Jose on track to meet guidance for the year. The Mara Rosa mine started operations during the quarter, on time and on budget, and we are currently completing the final phase of the ramp-up process with the start of commercial production expected very soon. Hochschild's balance sheet remains strong and, with rising precious metal prices and full production in Brazil, we expect to generate robust free cashflow during the remainder of the year. Operational highlights § Q1 2024 attributable production[1] o 45,937 ounces of gold o 2.0 million ounces of silver o 69,758 gold equivalent ounces o 5.8 million silver equivalent ounces § 2024 guidance on track: 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 commercial production expected in new few weeks § 2024 brownfield drilling campaign at Inmaculada delivering strong results to date § Option secured to acquire Monte do Carmo project, Brazil § Drilling also commenced at San Jose, Pallancata and Monte do Carmo § Sale of Crespo project completed for cash consideration of $15 million and a 1.5% NSR Financial position § Total cash of approximately $73 million as at 31 March 2024 ($89 million as at 31 December 2023) reflects Mara Rosa investment, payment for Monte do Carmo option and temporary working capital changes § Net debt of approximately $282 million as at 31 March 2024 ($258 million as at 31 December 2023) § Current Net Debt/LTM EBITDA of approximately 0.90x as at 31 March 2024 A conference call will be held at 2.00pm (London time) on Wednesday 24 April 2024 for analysts and investors. |
Posted at 08/4/2024 20:22 by stevea171 Silver approaches five-year high with ‘more upside in store’. 8 Apr 2024Gold’s all-time high may be getting the headlines right now, but silver is also benefiting from the precious metals rally, having just hit a five-year high against the pound. Spot silver prices are currently sitting at a little over £22 per ounce, with dollar-denominated prices at $27.77, nearing the $29.10 five-year high seen in early 2021. Analysts at UBS suggested silver could still be cheap though, given it’s still 40% below the ATH of almost $48 notched way back in 2011 and "out-of-sync" with the gold price. Russ Mould at AJ Bell also pointed out that gold currently trades at nearly 85 times that of silver, whereas the long-term average is nearer to 65 times. “That may be enough to persuade some investors and traders that silver is ‘cheap’ relative to gold,” said Mould. |
Posted at 05/4/2024 20:55 by stevea171 Maybe this time will be different?!A lot of catching up to do. How About 20x-50x Your Investment? This is the opportunity of a lifetime. Many miners will do 20x-50x. Gold investors have been so beaten down. People have forgotten what has happened in the past with gold bull markets. So no one believes any more that such predictions are possible. Martin Armstrong: “Gold prices go up when confidence in government goes down. . . I expect the gold price will be at least around the $5,000 per ounce level by 2027 or 2028.” |
Posted at 14/3/2024 12:31 by rathkum According to my broker, investors including some institutional funds are switching out of Fresnillo and into HOC. It's all about the growth trajectory going forward which HOC offers. |
Posted at 13/3/2024 21:39 by stevea171 13/03/2024. 2023 Full Year Results Presentation |
Posted at 06/3/2024 07:25 by stevea171 6 March 2024Notice of Results and Investor Presentation Hochschild Mining PLC (HOC.LN) (OTCMKTS: $HCHDF) ("Hochschild" or "the Company") will announce its Preliminary Results for the year ended 31 December 2023 on Wednesday 13th March 2024. Eduardo Landin, CEO, will provide a live presentation via the Investor Meet Company platform at 10.45am GMT on Wednesday 13th March 2024. |
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 25/1/2024 14:44 by arlington chetwynd talbott The set up here does seem promising, whether you are a trader or an investor. |
Posted at 05/11/2023 08:22 by rathkum Peru generates interest among UK investors |
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