Hochschild Mining Share Discussion Threads

[dmitribollokov] 18/4/2018 12:44

Gold and silver looking frisky. Hopefully the recent 180s lows are double bottom

[dt1010] 18/4/2018 12:33

The production news coupled with rising silver, double incentive for buyers and volume. I expect this up action will hopefully have marked the bottom at region 200p.

[goldenshare888] 18/4/2018 12:27

200p - 320p or 360p still very nice :)))

[topicel] 18/4/2018 12:14

The gap was 320p or just below. Juju has memory loss!

Topicel

[dt1010] 18/4/2018 11:36

Told u 200p was a steal

[juju44] 18/4/2018 11:18

A wise thought . Tea leaves sometimes wrong but not often

[edjge2] 18/4/2018 11:16

juju used your famous gap on ARS so far so good. So take your 360p comment above seriously.

[stevea171] 18/4/2018 10:27

I agree that on this Q1/18 production result of 9.8 million Ag equiv oz that FY/18 production is likely to exceed 40 million oz (a new record) which is well above guidance of 38 million Ag equiv oz and what I was expecting.

Should give the Analysts something to think about!

Average realisable prices and sales
Average realisable precious metal prices in Q1 2018 (which are reported before the deduction of commercial discounts) were $1,350/ounce for gold and $16.1/ounce for silver (Q1 2017: $1,238/ounce for gold and $18.3/ounce for silver).

So gold price achieved +9%, silver price achieved -12% Q1/18 vs Q1/17.
As production is close to 50:50 gold to silver this means that although production is well up prices overall achieved are somewhat down in Q1/18. HOC can do very little about prices which are unhedged but has done very well with production which is under its direct control.

[goldenshare888] 18/4/2018 10:06

10% catch up today?

[goldenshare888] 18/4/2018 10:04

May not be too long to wait Mike.

HOC has some serious catching up to do.

[richkid71] 18/4/2018 09:54

gS888 your predictions have been rubbish. Always changing your goal posts and only contributing on here when HOC rises. You will be right one day but that won't be down to your predictions. Worthless.

[goldenshare888] 18/4/2018 09:45

Added more first thing after seeing RECORD PRODUCTION numbers!

I feel 40 MILLION OZ may be on this year and expect a c 50% re-rating from 200p area.

Target 300p within months and 550p in 2019.

[goldenshare888] 18/4/2018 09:29

Exactly guys, looks like an amazing opportunity around 200p area to me.

DT was right, load up when it is cheap.

[juju44] 18/4/2018 09:03

Just remember that gap at 360

[edjge2] 18/4/2018 09:00

golden I think HOC will outstrip your highest target in spades with gut feelings being behind PMs instead of against them. If figures keep improving and HOC does that. May make 4 figures.
Got a goodly few well below 200p myself, 180 odd was as scoop.

[goldenshare888] 18/4/2018 08:38

I'm expecting a 50% re-rate from 200p area within months!

Initial target 300p and final target 550p+ in 2019 possibly.

[goldenshare888] 18/4/2018 08:22

I've added more just in case it is!

:-))

NB. I feel SILVER BREAKOUT is IMMINENT!

[ifthecapfits] 18/4/2018 08:19

Blooming hope so!

[ifthecapfits] 18/4/2018 08:18

Is that the news we needed them to spur us on...

[stevea171] 18/4/2018 07:55

RNS Number : 2419L
Hochschild Mining PLC
18 April 2018

Production Report for the 3 months ended 31 March 2018

Ignacio Bustamante, Chief Executive Officer said:

"Hochschild has delivered a strong start to the year with better than expected contributions from Inmaculada and Pallancata and our other mines performing as planned. We are therefore firmly on track to meet our stated production and cost targets for 2018.

We have also made an encouraging start to our ambitious 2018 brownfield exploration plan with campaigns already commenced at Inmaculada, Arcata and San Jose. Early results support our confidence in the programme's ability to deliver resource additions to our mineral base during 2018."

Operational highlights

-- Record 1(st) quarter attributable production([1])

o 4.7 million ounces of silver

o 69,030 ounces of gold

o 9.8 million silver equivalent ounces

o 132,036 gold equivalent ounces

-- Strong performance achieved despite scheduled annual stoppage at San Jose

-- Value accretive $14 million hydraulic backfill project at San Jose on track for completion at end H1 2018

-- On track to deliver overall 2018 production target of 514,000 gold equivalent ounces (38 million silver equivalent ounces)

-- 2018 all-in sustaining costs on track to meet $960-$990 per gold equivalent ounce guidance ($13.0-13.4 per silver equivalent ounce)

Exploration highlights

-- Brownfield programme already adding further resources

o Inmaculada - further encouraging results from the Millet vein and surrounding structures

o Arcata and San Jose programmes identifying resources close to existing mine infrastructure

Strengthening financial position

-- Total cash of approximately $109 million as at 31 March 2018 ($257 million as at 31 December 2017)

-- Net debt of approximately $100 million as at 31 March 2018 ($103 million as at 31 December 2017)

-- 7.75% Senior Notes repaid in Q1 2018 financed by cash resources and significantly lower cost short-to-medium term debt

-- Current Net Debt/LTM EBITDA of approximately 0.33x as at 31 March 2018

[goldenshare888] 18/4/2018 07:48

RECORD PRODUCTION. 9.8 MILLION OZ 1ST QTR!!

I reckon they may do 40 MILLION OZ this year!

[edjge2] 18/4/2018 07:30

good production overview today. At least HOC reacts to that!

[dt1010] 17/4/2018 21:33

Just give it 20 years, this will be higher that 200p by then ;)

[eeza] 17/4/2018 18:39

Pity that Gold can't 'catch' it.