Hochschild Mining Dividends - HOC

Hochschild Mining Dividends - HOC

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Hochschild Mining Plc HOC London Ordinary Share GB00B1FW5029 ORD 25P
  Price Change Price Change % Stock Price Last Trade
6.40 2.99% 220.80 16:35:03
Open Price Low Price High Price Close Price Previous Close
214.60 214.60 226.20 220.80 214.40
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Hochschild Mining HOC Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

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stevea171: The overall attributable production target for 2021 is 360,000-372,000 gold equivalent ounces or 31.0-32.0 million silver equivalent ounces. [1] 2021 Attributable production split Operation Oz Au Eq Moz Ag Eq Inmaculada 223,000-228,000 19.2-19.6 ---------------- ---------- Pallancata 63,000-65,000 5.4-5.6 ---------------- ---------- San Jose 74,000-79,000 6.4-6.8 ---------------- ---------- Total 360,000-372,000 31.0-32.0 ---------------- ---------- The all-in sustaining cost from operations in 2021 is expected to be between $1,210 and $1,250 per gold equivalent ounce (or $14.1 and $14.5 per silver equivalent ounce). This includes a rise in mine development costs at San Jose in order to increase reserves and an increase in development at Inmaculada. Grades at Inmaculada are expected to be lower due to the delay in mine development resulting from the Covid-19 crisis. 2021 AISC split Operation $/oz Au Eq $/oz Ag Eq ------------ Inmaculada 1,040-1,080 12.1-12.5 ------------ Pallancata 1,440-1,480 16.8-17.2 ------------ San Jose 1,370-1,400 15.9-16.3 ------------ Total from operations 1,210-1,250 14.1-14.5 ------------ The overall capital expenditure budget for 2020 is approximately $120-130 million allocated to sustaining and development expenditure. This includes a $9 million investment in the delayed expansion of the tailings storage facility at Inmaculada as well as increased mine development work at Inmaculada. At San Jose, mine development work to increase reserves is also forecast to rise. 2021 Capital expenditure split Operation Sustaining & development capital expenditure ($m) Inmaculada 67-72 --------------------------------------------- Pallancata 6-8 --------------------------------------------- San Jose (100%) 47-50 --------------------------------------------- Total 120-130 --------------------------------------------- The brownfield exploration budget for 2021 is approximately $34 million with the greenfield and advanced project budget set at approximately $11 million and approximately $14 million for the BioLantanidos rare earth deposit in Chile which includes approximately $5 million of further exploration. Currency option and dividend mandate Shareholders wishing to receive their dividend in US dollars should request a currency election form from the Company's registrars using the contact details provided below. This form should be completed and returned to the registrars by 11 December 2020. The Company's registrars can also arrange for the dividend to be paid directly into a shareholder's UK bank account. This arrangement is only available in respect of dividends paid in UK pounds sterling. To take advantage of this facility in respect of the announced dividend, a dividend mandate form, also available from the Company's registrars, should be completed and returned to the registrars by 11 December 2020. Alternatively, you can register your bank details via Signal Shares, a secure online site where you can manage your shareholding quickly and easily. To register for Signal Shares just visit www.signalshares.com . All you need is your investor code which can be found on your share certificate or a previous dividend confirmation voucher. Shareholders who have already completed a currency election form and/or a dividend mandate form need take no further action. A conference call will be held at 1.00pm (London time) on Friday 20 November 2020 for analysts and investors. Dial in details as follows: UK Toll-Free Number: 0800 279 7204 International Dial in: +44 (0)330 336 9411 US/Canada Toll-Free Number: 888-394-8218 Pin: 3635443# A recording of the conference call will be available on demand on the Company's website: www.hochschildmining.com
d3009: Nice RNS to start the day. Dividend + expecting to hit production targets + AISC lower than expected - Enjoy! hTTps://hocplc.gcs-web.com/news-releases/news-release-details/hochschild-miningplc-interim-dividend-and-2021-guidance Hochschild Mining PLC (HOC.LN) (OTCMKTS: $HCHDF) ("Hochschild" or "the Company") is pleased to announce that, at its scheduled Board meeting on 19 November 2020, the Directors of the Company (the "Board") approved the payment of an interim dividend of 4.0 cents per share ($20.6 million). This decision was taken following the withdrawal of the recommendation to pay the 2019 final dividend and the postponement of the 2020 interim dividend due to the uncertainties caused by COVID-19 and the risk to the Company's operations. The Board recognises that whilst the Covid-19 crisis continues to affect both Peru and Argentina, Hochschild's balance sheet remains strong with the mines delivering a period of steady operation under strict health protocols supported by robust commodity prices. The Board will consider payment of a final dividend in respect of the financial year ended 31 December 2020 at its next scheduled meeting in February 2021. The Company is also today announcing its 2021 guidance following the completion of its budget process. Details are provided below. With regards to the current year, Hochschild remains on track to meet revised production guidance of 280,000-290,000 gold equivalent ounces or 24.0-25.0 million silver equivalent ounces. The all-in sustaining cost from operations in 2020 is now expected to be lower than revised guidance at between $1,200 and $1,250 per gold equivalent ounce or $14.0 and $14.5 per silver equivalent ounce. Ignacio Bustamante, Chief Executive Officer said: "Hochschild continues to recover well operationally from the Covid-19 related stoppages and with the situation steadily improving in the region, our Board considers the resumption of dividends as one of its priorities and confirms our confidence in the outlook for the business. In addition, we have also published our guidance for 2021 with the production, costs and capital expenditure reflecting the steady recovery. We remain in a healthy financial position and with continued strong precious metal prices and our ambitious brownfield programme in full swing, we can look forward to an exciting 2021."
spacedust: So dollar down yet hoc down Silver up yet hoc down Great results yet hoc down Upgrade by mickey mouse yet hoc down Can someone please explain why hoc is down? Heaven forbid if any one of the above 4 pts goes against us then we could be in single figures
spacedust: Silver up = hoc down Silver down = hoc down Dollar up = hoc down Dollar down = hoc down Even on xmas day = hoc day
risa5: 2 FTSE 250 stocks I’d buy for a second wave of the coronavirus Friday, 16th October, 2020 | More on: HOC IGG Striking FTSE 250 gold In times of crisis, investors flock to gold. Although the price of the yellow metal dipped as investors sold everything in March this year, it was not hit as hard as oil or stocks. In fact, the first wave of the coronavirus was positive for gold: its price is up 24% since the start of the year, and an all-time high price of $2,063 per troy ounce was hit in August. Higher gold prices are good for the companies that mine and sell it, like Hochschild Mining. Investors might flock to safe-havens, like gold again if economies stutter in the second wave of the coronavirus. Investors bidding up the gold price would be positive for Hochschild Mining’s share price. Beyond the coronavirus, there is the possibility of inflation returning, which is positive for the price of gold. Hochschild also mines silver which is used in things like solar cells. Net-zero targets and ‘green recovery’ packages bode well for the long-term price of silver. Higher silver prices are good for shareholders of FTSE 250-listed Hochschild Mining. https://www.fool.co.uk/investing/2020/10/16/2-ftse-250-stocks-id-buy-for-a-second-wave-of-the-coronavirus/
risa5: Hochschild Mining presses reset on Peruvian operations September 22, 2020 Hochschild Mining (LON: HOC) recently resumed production at full capacity at its biggest gold-silver mine in Peru, Inmaculada, following months of disruption caused by the coronavirus pandemic. The precious metals miner said it has implemented a series of measures to deal with a potential second wave of covid-19 at all of its operations to avoid major issues. Speaking to MINING.COM, chief executive Ignacio Bustamante said Hochschild employees now follow a stricter set of health protocols than those mandated by authorities in Peru an Argentina, including a “double covid-19 testing” program. THE PRECIOUS METALS MINER SAID IT EXPECTS VOLATILITY IN THE GOLD AND SILVER MARKETS TO LINGER THIS YEAR “As a company, we have been aiming to focus on prioritizing the health of our employees above business continuity,” Bustamante said. “We have also backed up these protocols with an ongoing communication campaign and a bespoke IT system to monitor the progress of cases amongst our employees and to facilitate shift-changes in a covid-secure manner.” Hochschild was forced to shut its flagship Inmaculada and its other Peruvian mine, Pallancata, from mid-March to mid-May as the country went into a strict lockdown. It reopened but was then forced to halt work at Inmaculada again in July after a number of workers tested positive for covid-19. The company was finally able to resume operations at full tilt on September 7. Restrictions on the movement of people in Argentina, however, remain in place, but Hochschild expects to reach full production by the fourth quarter. The company has already felt the impact of the closures on production. Before the pandemic, it expected to mine 36 million ounces of silver equivalent or 422,000 ounces of gold. It now targets 24 million to 25 million ounces of silver equivalent this year and 280,000-290,000 of gold equivalent. “We have issued a realistic revised forecast range but if we do see further stoppages due to the virus we might need to revise those figures,” Bustamante said, adding that the situation in both countries remained “delicate.” Ahead with exploration Hochschild is moving forward with its largest ever brownfield program, which includes over 200,000 metres of drilling. It’s focused on a number of precious metal targets in Peru and Argentina, close to its existing operations. The goal, Bustamante said, is to increase the life-of-mine of the company’s mines, improve the quality of its resources and fill up the spare plant capacity it has. Hochschild is also carrying out drilling at early stage projects including Crespo and Arcata in Peru, as well at other projects or former mines such as Condor, Corina and Ares. HOCHSCHILD IS EXECUTING A $9 MILLION GREENFIELD EXPLORATION PROGRAM, WITH TARGETS IN THE US, MEXICO AND CANADA The miner, which participated in the 2020 Denver Gold Forum Americas conference this week, is also executing a $9 million greenfield exploration program, with targets in the US, Mexico and Canada. Those include the SNIP project in British Columbia, being advanced by Skeena Resources, and in which Hochschild has an option on. The company has ventured into a new market, with its BioLantanidos rare earths project in Chile, which is expected to reach the feasibility stage early next year. “We believe that this ionic clay deposit (a type that is very rare outside of China) has the potential to be one of the lowest cost sources of high demand rare earths globally,” Bustamante said. “Ionic clay resources differ from the more common hard rock-based rare earth projects as the mineralization occurs close to the surface and does not require explosives.” That kind of project doesn’t need tailings dams, as the clay undergoes a simple and environmentally-friendly desorbing process that uses no harmful chemicals to extract the rare earth oxide before the washed clay is simply returned to the pit, Bustamante noted. Bustamante said the company still anticipates some volatility in silver prices and the market in general. “We think that the strength of silver price is underpinned by the significant fiscal and monetary stimulus initiated by governments and central banks in response to the covid-19 crisis and a weakening of the US dollar,” he said. Bustamante added there hasn’t been a significant supply response from silver or gold sectors yet. There are very few substantial primary silver projects close to production and many projects remain stuck in development or require significant financing, he noted. Gold prices have climbed this year by about 28%, hitting a record high of above $2,000 an ounce in August. Silver has also been gaining, outperforming gold, and is up 50% to $24 an ounce. https://www.mining.com/hochschild-mining-presses-reset-button-on-peruvian-operations/
risa5: Hochschild forecasts 40 per cent production drop Tip Update: Buy at 239p Tip style SPECULATIVE Risk rating HIGH Timescale SHORT TERM Our previous tip We said BUY at 174p on 20 Feb 2020 Tip performance to date +37% It was already clear that Hochshild Mining (HOC) would see a major decline in production this year because of Covid-19 shutdowns. Now, the gold and silver miner has confirmed a probable 40 per cent drop in output. The company announced guidance of 280,000-290,000 ounces gold equivalent for 2020 on Monday. Last year, the Peru miner produced 477,400oz gold equivalent. Inmaculada, its largest operation, has been shut down twice this year due to the pandemic. The first was in March as part of the government’s prevention strategy. The second closure happened in July, after several workers contracted the virus. There will also be a hit to earnings from the all-in sustaining cost (AISC) across its operations, which will climb to $1,250-$1,290 an oz, around 30 per cent ahead of previous guidance. Hochschild produced 126,835oz gold equivalent in the first half, so is expecting a smooth final few months of the year. Earnings will be supported by the gold and silver prices climbing significantly this year, although the combination of lower production and higher costs could see the bottom line take a hit. Hochschild expects capital spending to fall from $205m last year to $110m-$120m, because of projects being suspended or slowed down. The miner was trading 3 per cent higher on the guidance update, at 239p. IC View Hochschild was vague early on about the impact on production and costs for this year, as the Peruvian government kept pushing back its forced shutdowns. The second suspension at Inmaculada made their caginess seem more reasonable. If there are no more closures this year, we would expect to see the dividend returned swiftly. Buy. https://www.investorschronicle.co.uk/shares/2020/09/07/hochschild-forecasts-40-per-cent-production-drop/
risa5: Stock market crash: A dividend stock whose share price could surge in August! Royston Wild 19 July 2020, 7:38 am You should always look to buy companies with a view to how they’ll likely be performing several years from now. The most successful share investors following the 2020 stock market crash are likely to be those with long-term strategies. Buying shares based on what you’ll think their share prices will do over a short time horizon often spells trouble. That’s not to say that investors shouldn’t buy shares today in the hope of meaty share price gains. Provided you buy companies with bright long-term futures, and strong balance sheets to help them navigate temporary problems for the global economy, then adding shares to your investment in expectation that they’ll gain value in August remains a good idea. Even if another stock market crash happens next month, companies of true quality should still furnish you with terrific returns over the long run. Navigating the stock market crash I’d certainly buy Hochschild Mining (LSE: HOC) shares on hopes of a silver price surge in August. The business hasn’t fallen in value as part of the broader stock market crash. In fact the FTSE 250 miner has gained 18% in value in 2020 thanks to rocketing metal values. And I’m encouraged of more gains by City brokers steadily ramping up their silver price forecasts. The number crunchers at Jefferies are the latest to upgrade their expectations on strong investment demand. They now expect silver – which just spiked above the $19 per ounce marker – to keep rising to average $19.50 in quarter four. They think it’ll average 20 bucks an ounce in 2021, too. Buy into this silver star Buying Hochschild Mining shares is a great way to ride the rocketing silver price. News from the business, which digs for metal all over the Americas, hasn’t been that brilliant of late. Silver production crashed in the first half due to Covid-19-related shutdowns. But the bright silver price has allowed it to avoid sinking amid the broader stock market crash. Normalising work conditions more recently suggest that the business is over the worst of it. Indeed, I’d buy Hochschild as production at its flagship Inmaculada asset in Peru goes from strength to strength and exploration at the mega mine continues to yield terrific results. I’d also buy because of the bright outlook for silver prices beyond the medium term, first on expectations of strong safe-haven demand and secondly on the likelihood of improving industrial demand as the global economy steadily improves. Hochschild doesn’t carry the biggest dividend yields out there. These sit at 1% and 1.7% for 2020 and 2021 respectively. But City brokers expect dividends to explode over the medium term as profits improve. And I expect them to keep rocketing as silver prices likely keep on improving. I’d buy this FTSE 250 dividend stock today and hold it for years. https://uk.finance.yahoo.com/news/stock-market-crash-dividend-stock-063840736.html
rathkum: https://www.fool.co.uk/investing/2020/07/24/looking-for-top-uk-stocks-to-buy-id-buy-this-dividend-share-after-the-stock-market-crash/ Silver prices are rocketing! I believe that Hochschild Mining (LSE: HOC) has the words ‘millionaire maker’ stamped all over it. Why? It’s a major player in the production of silver and is thus well placed to ride the booming metal price over the next several years. Some would actually say that Hochschild is one of the better stocks to buy if you want to get access to precious metals. Both gold and silver are rocketing in value right now and the latter just hit seven-year peaks above $23 per ounce. But silver’s gains have been much less impressive than those of gold over the past year. And this means that it has much more scope to rip higher from now on, supercharging Hochschild’s profits in the process. How high can silver go? Well the boffins at Citi expect the shiny commodity to hit $25 by the middle of next year. A dreaded mix of macroeconomic and geopolitical problems (trade wars, Brexit, a Covid-19 hangover and the like) is likely to keep investment demand for the metal rising. And industrial demand for silver should pick up steadily in the next year or so as the global economic recovery kicks in. One of the great dividend stocks to buy right now These factors make Hochschild a terrific growth stock to buy today. City analysts expect earnings here to fall around 45% in 2020 because of Covid-19-related production stoppages. They think that the company will rebound with an increase of round 330% in annual earnings in 2021, though. As a consequence, dividends are expected to rocket, too. An annual payout of 2.2 US cents per share that brokers project for this year is expected to surge to 3.7 cents in 2021. This means that an inflation-beating yield of 1% marches to 1.6% for next year. These are not the biggest dividend yields out there, sure. But the likelihood of rocketing silver prices, and thus Hochschild’s earnings, over the next few years means that dividends can be expected to keep on booming. In my opinion Hochschild is one of the best stocks for income chasers to consider buying today. And a forward price-to-earnings (P/E) ratio of just 14 times for 2021 suggests impressive value for money.
stevea171: I can assure everyone I am not losing out. Being partly in cash at this time is more important and gives me peace of mind. Some of my other investments have been doing extremely well and are still going strong. Also critically they have not had production disruptions like HOC on top of the lower production guidance given by HOC at the outset of the year. CEY is another which has had none of this which may partly explain the relative performances. HOC 2018 production: 503k GEO (40.8 million SEO) HOC 2019 production: 477k GEO (38.7 million SEO) HOC 2020 guidance pre CV production halts: 422k GEO (36 million SEO). Withdrawn. HOC 2020 new production guidance: ?? HOC 2020 new AISC guidance: ?? AISC is partly a function of production. Also the silver price has been holding both HOC and FRES back. I hope HOC holders do well and I expect to reinvest in HOC in due course.
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