Hochschild Mining Share Discussion Threads

[juju44] 18/4/2018 09:03

Just remember that gap at 360

[edjge2] 18/4/2018 09:00

golden I think HOC will outstrip your highest target in spades with gut feelings being behind PMs instead of against them. If figures keep improving and HOC does that. May make 4 figures.
Got a goodly few well below 200p myself, 180 odd was as scoop.

[goldenshare888] 18/4/2018 08:38

I'm expecting a 50% re-rate from 200p area within months!

Initial target 300p and final target 550p+ in 2019 possibly.

[goldenshare888] 18/4/2018 08:22

I've added more just in case it is!

:-))

NB. I feel SILVER BREAKOUT is IMMINENT!

[ifthecapfits] 18/4/2018 08:19

Blooming hope so!

[ifthecapfits] 18/4/2018 08:18

Is that the news we needed them to spur us on...

[stevea171] 18/4/2018 07:55

RNS Number : 2419L
Hochschild Mining PLC
18 April 2018

Production Report for the 3 months ended 31 March 2018

Ignacio Bustamante, Chief Executive Officer said:

"Hochschild has delivered a strong start to the year with better than expected contributions from Inmaculada and Pallancata and our other mines performing as planned. We are therefore firmly on track to meet our stated production and cost targets for 2018.

We have also made an encouraging start to our ambitious 2018 brownfield exploration plan with campaigns already commenced at Inmaculada, Arcata and San Jose. Early results support our confidence in the programme's ability to deliver resource additions to our mineral base during 2018."

Operational highlights

-- Record 1(st) quarter attributable production([1])

o 4.7 million ounces of silver

o 69,030 ounces of gold

o 9.8 million silver equivalent ounces

o 132,036 gold equivalent ounces

-- Strong performance achieved despite scheduled annual stoppage at San Jose

-- Value accretive $14 million hydraulic backfill project at San Jose on track for completion at end H1 2018

-- On track to deliver overall 2018 production target of 514,000 gold equivalent ounces (38 million silver equivalent ounces)

-- 2018 all-in sustaining costs on track to meet $960-$990 per gold equivalent ounce guidance ($13.0-13.4 per silver equivalent ounce)

Exploration highlights

-- Brownfield programme already adding further resources

o Inmaculada - further encouraging results from the Millet vein and surrounding structures

o Arcata and San Jose programmes identifying resources close to existing mine infrastructure

Strengthening financial position

-- Total cash of approximately $109 million as at 31 March 2018 ($257 million as at 31 December 2017)

-- Net debt of approximately $100 million as at 31 March 2018 ($103 million as at 31 December 2017)

-- 7.75% Senior Notes repaid in Q1 2018 financed by cash resources and significantly lower cost short-to-medium term debt

-- Current Net Debt/LTM EBITDA of approximately 0.33x as at 31 March 2018

[goldenshare888] 18/4/2018 07:48

RECORD PRODUCTION. 9.8 MILLION OZ 1ST QTR!!

I reckon they may do 40 MILLION OZ this year!

[edjge2] 18/4/2018 07:30

good production overview today. At least HOC reacts to that!

[dt1010] 17/4/2018 21:33

Just give it 20 years, this will be higher that 200p by then ;)

[eeza] 17/4/2018 18:39

Pity that Gold can't 'catch' it.

[onedayrodders] 17/4/2018 16:19

The depressing "DOW only goes up" party has resumed

:o/

[stevea171] 17/4/2018 12:19

HOC Bond redemption. Savings in year 1 $7 million, then $20 million/year.
Year 1, 2018, worth having but 2019 much better.

From the Annual Report:

In relation to debt reduction and the refinancing of debt, the Company announced in 2017 the early redemption of its bonds, which was subsequently completed in early 2018.

By doing so, debt has been reduced by approximately $95 million and the balance replaced with shorter-term debt on significantly better terms, saving the Group approximately $7m in interest expenses in 2018 and approximately $20m per year thereafter.

The progress of the 2017 brownfield exploration programme in Peru was subjected to delays due to extended timelines in obtaining the requisite governmental permits.

As a direct result, a Permitting Committee was established during the year comprising personnel from the Legal, Environmental and Community Relations teams as well as members of senior management to plan and execute a co-ordinated effort to address the administrative delays.

All permits required for the 2018 brownfield exploration programme at our operating units have been secured.

Following the drilling campaign in the vicinity of the Inmaculada mine, significant potential was discovered at the Millet vein system. For further details, refer to page 29.

Greenfield exploration and the appraisal of acquisition/joint venture opportunities restarted in 2017 in light of the Group's improved financial position. These have resulted in:

- the Group securing geographically diverse greenfield optionality; and

- arrangements to partner with other mining companies to bolster exploration efforts at projects considered to have geological potential.

The uncertainty with regards to the ongoing viability of the Arcata mine has adversely impacted morale among workers at the operation. During 2017, regular meetings were therefore scheduled and held with union representatives to understand concerns which continue into the current year.

Early in 2018, approximately 165 workers were made redundant from the Arcata operation following consultation with workers and the labour union.

[onedayrodders] 17/4/2018 11:22

Later today

Speaker Federal Reserve Governor Randal Quarles;
Usual Effect More hawkish than expected is good for currency;

I guess they will want to pump the dollar up and push PM's down

[juju44] 17/4/2018 10:41

Morgan controls the silver market . NO ONE is going to take it away from them . Not to say it wont go up because it will if they decide . They are the ultimate gangster mafia supported by the US govt.

[juju44] 17/4/2018 10:36

How many years have we listened to that stuff

[juju44] 17/4/2018 10:10

That's right but it might be 20 years before they decide to push up the metal prices. Can you wait ?

[dt1010] 17/4/2018 10:06

Which is good, you can buy more at a knock down price!

[juju44] 17/4/2018 09:03

As long as they decide to keep smashing the metals , the miners will go nowhere

[edjge2] 17/4/2018 08:48

patience here, TSX:KL doing well whatever.
Looks very unloved here buytime IMO.

[stevea171] 17/4/2018 08:46

McEwan Mining reports on Q1/18 production at San Jose mine in Argentina. HOC 51%.
Q1 at San Jose is always lower than the rest of the year due to closure for annual holidays.

San José Mine, Argentina (49%)

Our attributable production from San José was 10,822 gold ounces and 692,052 silver ounces, for a total of 20,049 GEOs. Production at San José in the first quarter is typically lower than other quarters due to regularly scheduled maintenance, however the mine is on-track to achieve our full year guidance for 2018 of 91,000 GEOs. We received approximately $5 million in dividends from our interest in San José during Q1, and with spot gold and silver prices significantly above budget, we expect to continue to receive dividends in each of the subsequent quarters.

[dt1010] 16/4/2018 18:43

Gold needs to break 1400 then you might see this close up 1p

[juju44] 16/4/2018 15:32

Metals up , miners stuffed . Figure

[onedayrodders] 16/4/2018 15:10

lets see if PM's level out until the red line