Hochschild Mining Share Discussion Threads

[investor73] 11/8/2020 09:46

Silver is probably going to break the previous recod of around $50 set in 2011 in the coming weeks. GLA

[juju44] 11/8/2020 07:44

Smash - like I said they put it where they want it

[investor73] 10/8/2020 21:48

The speed at which silver has risen recently, I wouldn't be surprised if like gold it also breaks it's previous record of $49.45/oz.

[investor73] 10/8/2020 21:44

Silver has risen dramatically recently.

[pi0110] 10/8/2020 18:48

Arcata produced 4.2m oz silver in 2018 with an AISC of $19.6

@ current price of circa $29/oz Arcata could give another $42m profit if it could maintain that level of production.

[risa5] 10/8/2020 18:06

Now it would be more economical to restart Arcata than to keep it on C&M, but since it is an underground mine there may be some restrictions due to CV and that could be the reason for any delay. However I would expect to hear some news about it in the upcoming report on Aug 19.

[investor73] 10/8/2020 17:26

For 2019, they produced 16.9 million oz. silver and 253,000 oz. gold. In early 2019, Hochschild transitioned its Arcata precious metals mine to care and maintenance in Peru.

Silver production could be increased significantly by opening Arcata in 2021 and maybe even earlier.

[investor73] 10/8/2020 16:50

"Arcata – Peru

The Arcata unit is located in the Department of Arequipa in southern Peru, approximately 300 kilometres from the city of Arequipa, on a 47,000 hectare site, at an altitude of 4,600 metres above sea level. Arcata is a 100% owned underground operation. The Company began developing and preparing the Arcata mine in 1961 and the first concentrate was poured in 1964.

The mine was placed on temporary care and maintenance in February 2019."

They suspended operation because silver price were around $15/oz at that time. At current silver prices it probably makes sense to re open this mine.

[arja] 10/8/2020 16:00

maybe but market seems to be quite nervous about whether results will be up to expectations . Even with firmer silver price , looks like it will finish down on the day although silver price now falling again . Hope you are right but share price has had a good run in recent months

[investor73] 10/8/2020 15:52

Good price to buy IMO.

[investor73] 10/8/2020 15:33

Market waiting for the results next week, should fly after that IMO. With gold and silver at current level,hoc should be able to make around $600million a year profits.

[arja] 10/8/2020 15:19

funny old stock , shot up and then down again . back to 311 again would be nice but not looking likely at this moment !

[arja] 10/8/2020 15:06

silver recovering too which is more relevant for HOC - hopefully a strong finish !

[arja] 10/8/2020 15:04

disappointing that HOC and a few gold stocks are not reacting to recovering gold price and must think it is not sustainable .

[d3009] 10/8/2020 14:15

Was just about to have a word with my supplier over delivery of my silver (in stock and delivery within 3-5 working days) ordered over a week ago, only to see delivery will now be 21 days. due to 'Currently having delays in the delivery of Products'. Not a huge order just a top up so could be a sign of real short supply.

[dogwalker] 10/8/2020 07:15

Thanks crosseyed. Hope it's now fixed.

[crosseyed] 10/8/2020 06:46

Dogwalker, Your link to the zerohedge article needs to omit the traiing "."

[juju44] 08/8/2020 14:56

Dont underestimate the power of the printing machine crooks to move the metals anywhere that suits them . My hope is that Morgan with a cellar full of silver bought fraudulently from the mugs will want to sell it at high prices

[dogwalker] 08/8/2020 14:53

A cheery article which probably answers all the awkward questions.....

[dogwalker] 08/8/2020 13:11

Why can't new money be thrown into creating vast volumes of silver shorts at no actual cost to the issuer?

[hector_p] 08/8/2020 11:17

The US dollar lifted off a long term floor however it could not rise more than once percent.

Gold fell nearly 3% still well over 2000, but silver had fallen 134 points silver closed down only 53 cents and so silver came out of the day looking very sound.
Gold is due a few more days of downside, because it can be manipulated to help the dollar and US Bonds. New money can be thrown into creating vast volumes of gold shorts at no actual cost to the issuer ( major banks or the FED).

However the story for HOC for Monday is positive, silver looks very capable of moving towards $30.

[arja] 07/8/2020 13:40

well, gold price did dip but recovered quickly but let's see what happens when US physical markets open at 2.30 pm .

[ifthecapfits] 07/8/2020 13:01

You are most probably correct.