Hochschild Mining Share Discussion Threads

[stevea171] 21/2/2018 13:02

HOC 2017 FY results presentation:

[dt1010] 21/2/2018 12:57

Just bottom drawyer this

Forget about it

[eeza] 21/2/2018 12:51

Well richkid, you need to apportion the blame to where it truly lies.

Not with the Co, who are advancing their business plan, but with the criminals who manipulate the POG & POS so blatantly , and the complicit and enabling Regulators (sic) and CB's.

[richkid71] 21/2/2018 12:32

understandably people are annoyed this share hasn't performed. the usual 550p crowd go very silent. You only get accused of moaning if you say anything negative about HOC. Too right, it's a shambles.

[onedayrodders] 21/2/2018 11:52

what exactly is a shambles DT ?

[dt1010] 21/2/2018 11:42

If only juju...unless gold moons I think any sustainable bounce will be short lived.....sentiment just not positive....sub 200p just 11p away.....

What a shambles

No support on chart if 200p breaks with volume...until 150p

I am a buyer at 150p and a seller at 338p

[juju44] 21/2/2018 10:32

It has a nice double bottom coming up

[richkid71] 21/2/2018 09:44

How much lower does this have to go for people to continue to say...just noise....debt is being reduced. it's not looking good, short term for this.

[nav_mike] 21/2/2018 08:52

Refinancing of the bonds will make a significant difference to net profits...

They have repaid $300m of debt @ 7.75% using existing cash/overdrafts that will cost
around 2.5-3%

Easily see a reduction in interest payable of $15m imho

[kryptonsnake] 21/2/2018 08:41

I'm thinking of buying some silver soon so the low price suits me. Maybe get some tubes of the Queen's Beasts, the lions have done pretty well, I picked some up for £36 each about 12 months ago, selling on Ebay for £50+ now.

[d3009] 21/2/2018 08:41

Dumped half my stock on the results at 218.5, they just didn't read well, Arcata being the main culprit. I guess the message I took from this was that it's in the hands of the PM prices how the shares will perform. Will listen to the presentation at 09:30 and read the exploration details to see if there's anything significant missed on the first reading of the report.

[stevea171] 21/2/2018 08:40

I would say these results are pretty much what the market was expecting.

Surprise increase in dividend to reward Eduardo (51% holding) and other shareholders on the back of expected increased profitability going forward.

[andyc100] 21/2/2018 08:31

EBITDA of $300m. DIvidend up 42% looks good to me. If silver were at $20, EBITDA would be closer to $600m - could easily justify a £3bn market cap imho

[stevea171] 21/2/2018 07:55

Commenting on the results, Ignacio Bustamante, CEO, said:

“We have delivered another set of solid results driven by record production and costs in line with expectations. We have completed a very successful refinancing and along with strong operational cashflow, we have consequently been able to reward shareholders for their support with a proposed increase in the final dividend for 2017.

In 2018, we can look forward to the ramp up of production from the Pablo vein and continued investment in our brownfield exploration programme.”
________________________________________________________________________________

A presentation will be held for analysts and investors at 9.30am (UK time) on Wednesday 21 February 2018 at the offices of JP Morgan, 60 Victoria Embankment, London, EC4Y 0JP (Entrance at 1 John Carpenter Street) The presentation and a link to the live audio webcast of the presentation can be found at the Hochschild website: www.hochschildmining.com

To join the event via conference call, please see dial in details below:

UK: [phone] (Please quote confirmation code 7595580)

[stevea171] 21/2/2018 07:53

21 February 2018
Hochschild Mining plc
Preliminary Results for the year ended 31 December 2017
Financial highlights

 Revenue of $722.6 million (2016: $688.2 million)1
 Adjusted EBITDA of $300.8 million (2016: $329.0 million)2
 Profit before income tax of $64.1 million (2016: $108.3 million)
 Basic earnings per share of $0.08 (2016: $0.09)
 Adjusted basic earnings per share of $0.08 (2016: $0.11)3
 Cash and cash equivalent balance of $257.0 million as at 31 December 2017 (2016: $140.0 million)
 Net debt of $102.8 million as at 31 December 2016 (2016: $187.4 million)
 Final proposed dividend of 1.965 cents per share ($10 million) up 42% versus 2016 final dividend (1.38 cents per share)

2017 operational delivery exceeding guidance
 2017 AISC per silver equivalent ounce from operations of $12.3 (2016: $11.2) in line with guidance of $12.2-12.74
 Inmaculada AISC per gold equivalent ounce of $721 (2016: $646)
 Full year attributable production of 513,598 gold equivalent ounces (38.0 million silver equivalent ounces) exceeding guidance5
 Record production of 239,479 gold equivalent ounces at Inmaculada (2016: 229,033 ounces)
 First results from surface drilling confirming strong geological potential at Inmaculada

2018 Outlook
 Production target of 514,000 attributable gold equivalent ounces (38.0 million silver equivalent ounces)
 AISC expected to be $960-$990 per gold equivalent ounce ($13.0-13.4 per silver equivalent ounce)6
o Inmaculada costs expected to be $700-750 per gold equivalent ounce
 Total sustaining and development capital expenditure expected to be approximately $125-135 million including $14 million for hydraulic backfill project at San Jose
 $10million budget approved for greenfield exploration programme in 2018
o 4-6 projects across three countries to be drilled in 2018
 7.75% Senior Notes repaid on 23 January 2018 financed by cash resources and significantly lower rate short-to-medium term debt
 Reduction in Argentina corporate tax rates expected to be a significant positive impact on cash generation

[kryptonsnake] 21/2/2018 07:20

Results aren't brilliant but more cash and less debt. Just a shame about the poor silver price atm.

Anyone notice that when the dollar falls PM's don't move that much, but when the dollar rises we know about it.

[juju44] 20/2/2018 20:47

they are jacking the dollar up to save the bond market and pushing the metals down. Dow taking a pasting . Things are defo. on the move

[dt1010] 20/2/2018 19:21

More like 150p

Silver is doomed. Glad I sold mine.

[richkid71] 20/2/2018 17:28

Another wash out, but don’t fret 550p is on its way. Cringe.

[juju44] 20/2/2018 14:36

right to the bottom here again. Come on girls , open those purses and get some bargains

[onedayrodders] 20/2/2018 14:36

Yes but $ up and PM's up ... good sign

we will catch up

[juju44] 20/2/2018 14:11

another miner smash today

[onedayrodders] 20/2/2018 14:09

US 10 YR TSY +1% ... US$ went down on this strength previously