Hochschild Mining Share Discussion Threads

[goldenshare888] 17/10/2018 10:27

V-SHAPED RECOVERY UNDERWAY

:-)

[maximoney1] 17/10/2018 10:24

Goodbye falling wedge?...just need a confirmed close. :-)

[maximoney1] 17/10/2018 09:58

Happy days :-)

SP nicely up through resistance...just need a closing price above now, and it's goodbye falling wedge. :-)

[stevea171] 17/10/2018 09:10

Q3 results on track and expected FY outcome somewhat better than guidance.

The most significant event in Q3 is not even mentioned in this report due to HOC's low key approach and need for stealth when a predator is tracking its' prey.

20/9/2018 Skeena Resources announced:
Skeena Options Snip and Receives Investment from Hochschild.
HOC took an 8.3% stake in Skeena for C$6.7 million and a 60% option on their Snip gold project in the Golden Triangle of BC, Canada.
Why is this significant?

Because Skeena is a TSX Venture listed junior sitting on not one but two very high grade gold/silver/multi metallic deposits (grades to die for 10-40 g/t) 17 km apart, that were former mines, Snip and Eskay Creek, and that will likely both be developed and re-opened as mines in the next few years with millions of oz of resource. HOC has been given a place on the Skeena Board and imo if all goes well it could take out the whole company to be it's next major project and to further diversify geographically.

HOC says nothing because drilling and resource definition is ongoing, project economics need evaluation, and it does not want to push up the value of Skeena before the hammer comes down.

[ifthecapfits] 17/10/2018 08:13

Good numbers.

[goldenshare888] 17/10/2018 07:43

Robust. :-))

[stevea171] 17/10/2018 07:24

Maxi. There you are. Not bad!

Hochschild MiningPLC
Q3 2018 Production Report
RNS Number : 2656E

17 October 2018

Production Report for the 9 months ended 30 September 2018

Full year guidance on production increased and costs decreased

Ignacio Bustamante, Chief Executive Officer said:

"Hochschild has once again completed a robust quarter with production at all our mines in line with expectations, therefore completing a record nine months for the Company. We are pleased to now raise our production target for the year to 520,000 gold equivalent ounces (38.5 million silver equivalent ounces) and to lower our all-in sustaining cost guidance to between $940 and $970 per gold equivalent ounce ($12.7 to $13.1 per silver equivalent ounce).

We are continuing to see strong results from our ambitious brownfield exploration plan and in particular drilling at Inmaculada is expected to increase the estimated inferred resource figure we disclosed in August. We look forward to our Capital Markets Day on 7th November when we will give a detailed overview of our exploration programme and the progress made to date."

Another strong quarter

§ Q3 attributable production1

o 5.1 million ounces of silver

o 62,432 ounces of gold

o 9.7 million silver equivalent ounces

o 130,685 gold equivalent ounces

§ Q3 YTD 2018 attributable production record

o 14.7 million ounces of silver

o 199,939 ounces of gold

o 29.5 million silver equivalent ounces

o 398,922 gold equivalent ounces

§ Revised overall 2018 production target of 520,000 gold equivalent ounces (38.5 million silver equivalent ounces)

§ 2018 all-in sustaining costs guidance revised to $940-$970 per gold equivalent ounce ($12.7-13.1 per silver equivalent ounce) from $960-$990 per gold equivalent ounce ($13.0-13.4 per silver equivalent ounce)

Exploration programme delivering

§ Brownfield programme continuing to add resources

o Q3 drilling at Inmaculada expected to increase inferred resource additions from the 800,000 gold equivalent ounces figure disclosed at Interim Results

o Updated estimate expected at Capital Markets Day on 7th November

o Ongoing encouraging results at Arcata currently being assessed against medium-term operational viability

o San Jose drilling programme also delivering positive results with activity weighted towards the end of the year

o Good progress on permitting for 2019 drilling programme at Pallancata

Robust financial position

§ Total cash of approximately $143 million as at 30 September 2018 ($142 million as at 30 June 2018)

§ Net debt of approximately $63 million as at 30 September 2018 ($67 million as at 30 June 2018)

[maximoney1] 17/10/2018 01:17

Cheers stevea,
Should be an interesting day ;-)

[stevea171] 16/10/2018 19:29

HOC never left the Ftse250 in recent times.

[charles clore] 16/10/2018 14:17

We could even get back into the ftse250!

[maximoney1] 16/10/2018 13:08

Important juncture for PM's...TPTB either have to stamp on them hard now or else let them run imo. Expecting a bigger move soon, one way or tother! :-)

[maximoney1] 16/10/2018 12:50

Break through of $14.75 silver looks about ready now :-)
Holding for US opening

[maximoney1] 16/10/2018 12:47

Margin added automatically to new brokerage account....getting close to punter fleecing time again.

[maximoney1] 16/10/2018 11:17

Gold has had it's shake out move below the very long term uptrend support and has now recovered that support once more with the daily closing.(a not insignificant move and i'm surprised more narrative hasn't been seen on this in the usual publications).
Silver is poised to push through a similar long term trendline, so I would expect this to be done with some momentum, however any close above $14.77 would be sweet music. A silver run to $15.08 would be a very nice signal this afternoon. Certainly, if we get some upward thrusts on HUI/GDX then I can see HOC pushing through the resistance trendline at 167.10p, then there should be no looking back...imo. ;-))

[juju44] 16/10/2018 11:11

All be joyful . It could be game on

[charles clore] 16/10/2018 11:08

gs - agreed.

[goldenshare888] 16/10/2018 09:49

DT, I bet it really moves when Silver goes through $17 - $20 area.

I feel an even bigger move, possibly a further doubling will happen when $25/$26 area is breached - 2019?

Happy to hold and wait.

Meanwhile - + 1% - + 10% days very possible....

:-))

[dt1010] 16/10/2018 09:45

Don’t worry. Just hold on. This will rerate. It might take a few years that’s all lol

[edjge2] 16/10/2018 08:53

Hoc not performing well compared to other PMs but grab em while you can IMO. Poly up 12%.

[stevea171] 16/10/2018 08:09

Q3 results tomorrow:

Oct 17, 2018. Q3 2018 Hochschild Mining Production Results

[stevea171] 15/10/2018 20:47

There are distinct signs of the PPT shoring up activities in the US markets Friday and again today to prevent any repeat of what happened last Wednesday (-800 Dow) and Thursday (-550 Dow).

[ifthecapfits] 15/10/2018 16:09

Seems so. FRS & CEY doing much better.

[dt1010] 15/10/2018 15:46

Yes indeed... I might chuck in a couple of grand to average down the little ones ISAs...in near future... but I do honestly think there’s a rally coming for broader markets in Nov and Dec....and if so...good and silver will drop again....maybe then
Will be better timing