Hochschild Mining Share Discussion Threads

[stevea171] 24/4/2024 07:59

Everything on track - production and costs.

Mara Rosa is now 3.5 weeks on from the end of Q1 so production will be a lot higher now. I was expecting commercial production in May, well ahead of schedule, and it seems this is panning out.

Q2 should see a massive boost from both Mara Rosa and San Jose where Q1 production is affected by holidays as always.

FRES production out today as well. Disappointing with it being a struggle even to stay still. I see more funds moving from FRES to HOC which is expanding and coming back from years of decline.

[nilla159] 24/4/2024 07:44

Good solid report as expected, with the added bonus of earlier commercial production at Mara Rosa the new Brazilian gold mine.Looks like a promising future for investors.

[sotolo] 24/4/2024 07:43

What’s your view. Mine is just as expected which for Hoc is just what we want to return to; shame about 1/4 gold being hedged back in Feb but understand the need to guarantee Mara Rosa debt payback but therefore the big Mara Rosa profits if gold rises won’t begin till 2027 tho munch to look forward to as our super high aisc. Comes down and ounces rise

[stevea171] 24/4/2024 07:40

The Mara Rosa mine delivered its first gold pour in February and produced just over 1,000 ounces of gold in the period. Ramp-up is progressing according to schedule and commercial production is expected in the next few weeks.

[stevea171] 24/4/2024 07:34

24 April 2024
Production Report for the 3 months ended 31 March 2024
Eduardo Landin, Chief Executive Officer said:

"We have delivered a good start to 2024 with production and costs at Inmaculada and San Jose on track to meet guidance for the year. The Mara Rosa mine started operations during the quarter, on time and on budget, and we are currently completing the final phase of the ramp-up process with the start of commercial production expected very soon.

Hochschild's balance sheet remains strong and, with rising precious metal prices and full production in Brazil, we expect to generate robust free cashflow during the remainder of the year.

Operational highlights

§ Q1 2024 attributable production[1]

o 45,937 ounces of gold

o 2.0 million ounces of silver

o 69,758 gold equivalent ounces

o 5.8 million silver equivalent ounces

§ 2024 guidance on track:

o Production of 343,000-360,000 gold equivalent ounces

o All-in sustaining costs of $1,510-1,550 per gold equivalent ounce

Project & Exploration highlights

§ Mara Rosa mine commercial production expected in new few weeks

§ 2024 brownfield drilling campaign at Inmaculada delivering strong results to date

§ Option secured to acquire Monte do Carmo project, Brazil

§ Drilling also commenced at San Jose, Pallancata and Monte do Carmo

§ Sale of Crespo project completed for cash consideration of $15 million and a 1.5% NSR

Financial position

§ Total cash of approximately $73 million as at 31 March 2024 ($89 million as at 31 December 2023) reflects Mara Rosa investment, payment for Monte do Carmo option and temporary working capital changes

§ Net debt of approximately $282 million as at 31 March 2024 ($258 million as at 31 December 2023)

§ Current Net Debt/LTM EBITDA of approximately 0.90x as at 31 March 2024

A conference call will be held at 2.00pm (London time) on Wednesday 24 April 2024 for analysts and investors.

[g2theary] 19/4/2024 21:28

Silly horse ... I wouldn't move any profit from here :D some shares I hold here in up near 200% on in the last year :D soon to be 400% ;)

[blackhorse23] 19/4/2024 12:56

Profit moving to GNC

[stevea171] 19/4/2024 09:22

HOC 154p.
150p is a significant price barrier that HOC has been attacking for nearly 2 weeks now.
Now that 150p has been breached further gains are likely with Q1 production results coming next week and with low cost Mara Rosa adding to profitability and nearing commercial production status.

[knocknock] 19/4/2024 06:05

Many thanks for info Marty

[martywidget] 19/4/2024 05:41

Disclosed positions (greater than 0.5%) in HOCHSCHILD MINING PLC

Total 0.0%



Knocknock, in-case you're interested in another source of information on other shares, ADVFN also have their own links:

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Regards

[knocknock] 19/4/2024 05:28

Hefty trades at close and a finish above 150. Possible new floor set and base for assault on 180 . Broker upgrades and target of 235 put in by JPM is helpful and should entice more institutional investment over the coming weeks. Anyone have access to the short positions please .

[martywidget] 17/4/2024 12:22

LONDON BROKER RATINGS
JPMorgan raises Hochschild Mining target to 235 (190) pence - 'overweight'

[rathkum] 17/4/2024 12:02

JPMorgan raises Hochschild Mining target to 235 (190) pence - 'overweight'

[knocknock] 17/4/2024 09:31

3rd assault on 150. If it holds new floor in.

[stevea171] 16/4/2024 18:56

The first production update on Mara Rosa will very likely be included.

Wednesday, 24 April 2024. Hochschild Q1 2024 Production Results.

Barclays raises Hochschild Mining target to 170 pence - 'overweight'.

[stevea171] 16/4/2024 18:12

April 16, 2024. Generational Opportunity.
Graddhy: Many worried that miners are not outperforming metals yet. But it is not unusual for metals to take the lead up from big lows. And when the wall of worry really lets go, we will see 8-10% up days for GDX and 10-15% up days for SILJ.

IGNORE VOLATILITY:
Expect 8%-10% Up Days For Major Mining Stocks!
A true generational opportunity is unfolding.
This commodities bull market is going to be the ride of our lives.

[petebreeze37] 15/4/2024 10:00

Usa increasingly spending money as though It came from thin air lol, an artificial war and more countrys jettisoning the dollar for a gold backed currency.

[niklol] 14/4/2024 23:13

Just seen one needs to pay £4.99 per month

[niklol] 14/4/2024 23:09

Also can't read it.
How is one meant to read these Daily Mail Plus articles????

[tuscan4] 14/4/2024 11:42

Its blocked. Any idea what the conclusion was?

[martywidget] 14/4/2024 09:45

MIDAS SHARE TIPS UPDATE: Shareholders reap rewards from miner Hochschild

[martywidget] 14/4/2024 09:41

MIDAS SHARE TIPS UPDATE: Shareholders reap rewards from miner Hochschild


*Share tips, comment and bids
Mail on Sunday (Midas share tips update):

[mirabeau] 13/4/2024 09:16

HOC-kay dow-kay! - FY23 results and another stunning Brazilian
The Oak Bloke
Mar 14, 2024



'It is in the neighbouring state of Goias to where HOC's Mara Rosa 100k oz pa, low cost gold mine has recently begun operations.

Working on the basis that production is set to rise and costs fall it’s possible to see a path to a $600m EBITDA, which translates to a ~$225m PAT.

Even on a measly PE 2027 of 8 that suggests HOC’s upside is 1.4X upside from £586m to £1406m, or a target price of £2.64'

---------

Thanks to TOB for this superb and comprehensive analysis of HOC..click link to read the whole report with calcs and graphs