Hochschild Mining Share Discussion Threads

[lauders] 17/5/2017 12:30

Love the confidence DT! Just wish it would smash through the 300p barrier let alone anything higher. Your crystal ball must be much better than mine!

[dt1010] 17/5/2017 12:23

You can nail 500p to the wall in the coming months here.

Silver is about to explode ;)

[ifthecapfits] 17/5/2017 11:50

Hope so :) as I've recently loaded up on these.

[stevea171] 17/5/2017 11:41

ODR. Speaking of £5!

On the HOC 5 year chart above we have a possible cup and handle. The handle lower part is now fully formed and we could see completion of the handle in the coming months with a move to 500p. For this to happen there would need to be support from the PM's, especially silver.

HOC share price reached 327p 9 months ago and since then it has been consolidating but could be ready now to blast much higher supported by company financial reports and significant progress on all fronts.

[onedayrodders] 17/5/2017 11:02

Keep rubbing them steve and eventually the £5 Genie will appear

:O)

[goldenshare888] 17/5/2017 09:06

I love polishing my barbarous relic miners! LOL

HOC & FRES polishing up nicely....

[topicel] 17/5/2017 09:05

Lol Stevea. Same old thing whereby it is often overlooked that HOC, and particularly FResnillo, are now 50:50 silver/gold and not just Ag.

Newmont Mining overnight in Aus spiked 4.5% as a goldie. I bet Randgold is also taking a lead too this morning. The penny might drop more for us later today.

Trump is still keeping the market's entertained and even talk, whisper it, that Yellen and co may not hike next month...

Topicel

[stevea171] 17/5/2017 08:44

Gold Spikes On Heavy Volume As 'Memo-Gate' Fears Spread
by Tyler Durden May 16, 2017 7:56 PM

Another safe-haven is heavily bid. Over one billion dollars notional just pushed through gold futures, lifting the barbarous relic to 2-week highs...

[ifthecapfits] 17/5/2017 08:33

Divi received this AM - which is nice.

[onedayrodders] 17/5/2017 08:31

98.038 ... Just a few cents to go before Andrex has a 97 handle

;o)

[dt1010] 16/5/2017 20:15

Massive wave up for pm sector has started.

Enjoy the ride folks. :))))

[highly geared] 16/5/2017 19:32

Silver/ gold looking perky again....

[stevea171] 16/5/2017 19:29

Cartel desperate to prevent PM prices moving up by much. Controlled slow motion rises allowed but 'the market' wants return to much higher prices much faster.

Explosive pressure under PM prices as compressed spring unwinds is possible if Cartel can't manage the ascent ....

[hectorp] 16/5/2017 19:18

Brilliant action HOC on silver bounce, if this is the next step up bring it on

[onedayrodders] 16/5/2017 18:37

Could be a $97 handle soon on the USD Index

:o)

[onedayrodders] 16/5/2017 13:11

Hi Topical

This article from just 2 months ago suggests far from fake news or old the problem is accelerating.

[stevea171] 16/5/2017 12:04

US Dollar Index: 98.48.

A six month low and in a falling trend all this year of lower highs and lower lows.

[stevea171] 16/5/2017 10:53

HOC Q1/17 production result analysis.

........................ million Ag equiv oz......... Increase on Q1/16
Inmaculada: .................. 4.3 .......................... +24%
Arcata: .......................1.5 .......................... -15%
Pallancata: ...................1.3 .......................... +49%
San Jose (51%): ...............1.5 .......................... +12%

Overall: ..................... 8.6 .......................... +16%

Pallancata and Inmaculada are the stand out results. Pallancata despite losing 3 or 4 weeks of production due to the shut down in January and with Pablo ramp up not yet in production. Inmaculada, after 18 months in production, is still steaming ahead and is likely to return well north of it's target of 17 million Ag equiv oz.

FY 2017 production guidance is for 37 million Ag equiv oz with production second half weighted due to the ramp up at Pallancata (Pablo). With such an impressive Q1 result FY/17 production is likely to be revised upward during the year with an outcome of 40 million plus oz.

Average realisable precious metal prices in Q1 2017 (reported before the deduction of commercial discounts) were $1,238/ounce for gold and $18.3/ounce for silver (Q1/16 : $1,266/ounce for gold and $16.2/ounce for silver. Incl hedging Q1/16 gold $1,236, silver $17.10).

Q1/17 PM sale prices:
Silver price: +7%
Gold price: nil
Average: +3.5%

FY 2017 gold and silver prices are not hedged. Last year HOC made a loss on its PM hedges of approx $19 million.

FY 2017 AISC estimate is on track for $12.20 - $12.70 per Ag equiv oz (FY 2016: $11.20). Increase +11%. Mainly due to an increase in capex at Pallancata and increased exploration budget. AISC may be revised down as last year along with expected higher than guided production.

Brownfield has become HOC's main source of growth going forward. For the first time ever, they have not only a five-year mine plan but also a five-year exploration plan, with very defined targets (for exploration and drilling) and with full financing of the plans.

[majorpain2] 16/5/2017 10:13

Topicel, all the data im seeing ATM indicates a topping out of the things your looking at, in short Western Consumers are up to their eyeballs in debt and cant spend any more. Anecdotal, but the person who is paid the least at my work now has the nicest car, auto loan bubble ahoy!

The only thing keeping the world afloat IMO was China's QE'ing to infinity and beyond, and now they have been forced to stop before their housing market goes properly nuts. Hopefully it will hold together until my holiday is out the way.

[topicel] 16/5/2017 09:56

ODR. The video shows an ancient mall lying derelict but then it is rather old...

Is there a new one in Baltimore per chance? Talk about fake news or, in that case, agenda driven.

I'll go and film our local old water mill in its present shocking state and suggest water mills have had their day. Lol.

I accept bricks and mortar is being replaced by on-line but aside from that obvious sea-change is retail spending really dying on its feet Stateside?

More interested in the car and student loan situation as the catalyst for a recession over there than changing buying habits and trends.

Topicel