Hochschild Mining Share Discussion Threads

[juju44] 03/9/2020 14:38

Its all corrupt . Maguire and his buddies has been wrong in their last 3000 forecasts . Silver didnt soar and comex didnt collapse

[hector_p] 03/9/2020 12:51

Andrew McGuire was saying on a youtube interview that the prices of gold ans silver on comex are being restrained in order to try to get out of difficult positions plus there are no PM's especially silver for delivery. The PM's will rise at times when those trading positions are not being pressed, for example. His target is still $35 for silver as more or less inevitable. Delivery for silver as he has experienced is now +90 days. It would now be impossible to have delivery at the end of September for example.

He states JPM still owns many millions of ounces of silver and are now is trading it on Comex as silver is at minus 48 cents an ounce in contango, they notionally " sell" ounces, gain the 48 cents on every ounce then close out at spot! No silver metal of course ever appears.

[risa5] 02/9/2020 16:00

Massive QE seems to be doing its job, US markets are being pumped ready for November election.
DJ near all time high, NASDAQ at all time high, S$P at all time high but for how long.

[hector_p] 02/9/2020 11:08

thank you Rio.

[sotolo] 01/9/2020 20:57

always happens to me
then I rewrite the post hopefully better
and often find that I have accidentally posted twice
looking forward to your production post covid thoughts

[stevea171] 01/9/2020 18:43

Sotolo. Technical trouble. Have just lost the text of a reply.

[riotinted_specs] 01/9/2020 10:56

https://youtube.com/watch?v=rbqw9wd6i0oTry this link for the LSE mining stock review

[hector_p] 01/9/2020 09:54

Video unavailable.. I'd like to have seen that.

[riotinted_specs] 01/9/2020 09:39

I took a bit of a risk asking for a global expert to review these LSE mining stocks. But this little gem was my doing https://youtu.be/rbqw9wd6i0. And KEFI, HOC, UFO are by far the best. UFO might be of particular interest to silver bugs and KEFI for gold

[sotolo] 31/8/2020 18:26

Wise Stevea, so looking out it is not the Covid closures, and dented production from that which worry me, but the fall in predicted production given in January before Covid, from 477k gold equivalent ounces in 2019 to 422k this year, and an aisc up $80. o 15% fewer ounces and profit per ounce down 10 to 20% on top, a huge hit that dents this year's profits by a quarter or a third, before Covid, and of course after it is over unless production improves, and it could get worse. So my question is how much should we worry about our gold and silver that is running out quite fast, in the next few years. Proven reserves are vey low, about 1.6x so really depends on the exploration plan and results, which will of course be capex heavy and if/when/whether this delivers. Quite scary to me and far more scary than workers taking a bit longer to get back to San Jose, or the possibility of a few more weeks lost at Imaculada. It is no use if silver and gold soar if we don't have any and it costs increasing amounts to get what we have left out. SO Stevea any idea on how exploreation might be going?

[hector_p] 30/8/2020 18:19

Fine post Sotolo thank you. We'd expect Dan Hose to get back to working in say ten days, once workers are allowed to travel and get back t work next week.

[avsome1968] 29/8/2020 00:32

Nice 754k UT trade, took a stake today feel like the price will tick up slowly to 300p range, gold silver starting on another run all good for HOC profit be back to normal 2-3 months.

Very good posts Steve.cheers AV

[breaktwister] 28/8/2020 22:04

I have been buying here for a few years and I did not envisage a share price of 230p with silver at $27.50. Sad.

[stevea171] 27/8/2020 21:54

27/8/2020. Argentina recorded more than 10,000 confirmed coronavirus cases on Wednesday for the first time since the pandemic began.

The Health Ministry reported a new record of 10,550 coronavirus infections in just 24 hours on Wednesday, lifting the total number of cases to date to 370,175.

Officials said 237 fatalities had been registered on Wednesday, lifting the death toll to 7,839.

[stevea171] 27/8/2020 21:50

HOC's San Jose mine return to work has this to contend with as many workers have returned to their families here but month's later cannot return to work!

Coronavirus: Argentina's never-ending quarantine.
27/8/2020.

People across Argentina have begun speaking of "quaranternity" while enduring the world's longest lockdown. Residents in Buenos Aires have been cooped up for five months now and their nerves are frazzled.

Metropolitan Buenos Aires area - 160 days of quarantine and counting.

Argentina's first positive COVID-19 test was registered in Buenos Aires on March 3. The infected individual was a man returning from Milan, Italy. Four days later, Argentina's Ministry of Health confirmed the country's first coronavirus death — which was also the first in South America.

Just over two weeks later, on March 20, a national lockdown went into effect. That was the last time — 160 days ago — residents in the metropolitan Buenos Aires area, the country's coronavirus epicenter, were allowed to leave their homes for any other reason than to buy groceries or medicine. Now, many frustrated Argentines are asking: "What is worse, the illness or the cure?"

Coronavirus worsening Argentina's financial disaster

Many are at a loss because they have either already been fired or they fear losing their jobs sometime soon. "Unemployment and poverty have risen dramatically," according to Fraga. The country's economy is in free fall and more than 42,000 small and medium-sized business have gone bankrupt since March. This is all taking place against the backdrop of Argentina barely dodging a bullet on its own state bankruptcy — the ninth in its history. It is estimated that six-in-ten Argentines will be living in poverty by the end of the year.

[arja] 27/8/2020 14:47

gold rally quickly ran out of steam and has fully retraced ! maybe another rally later today !

[darrenp746] 27/8/2020 09:09

And That’s after it has to give half of what it makes away to the Egyptian government

[sotolo] 27/8/2020 08:51

Look at Centamin, paying 6% dividend and if you bought in a couple of years ago 15% on what it cost you.

[zcaprd7] 26/8/2020 22:59

But Vitaly Nesis, Polymetal chief executive, said many gold companies were failing to reward their shareholders with dividend payments, despite rising gold prices."It's curious to see that a lot of gold companies either continue to pay the minimum dividend or no dividend," he said. "If the gold price goes up the shareholder must be rewarded?.?.?.?If a gold company can't pay a sizeable dividend when gold prices are near $2,000, what's the point of owning a gold stock?"

[sotolo] 26/8/2020 20:10

Thanks Stevea. I did say there is tax and Covid cost to pay, but if these PM prices hold (and the idea was to ask what would happen to the share price if they did), then we should get some sales from Jul Aug low production ta even higher PM than now, 4 months of nearing full production at these prices and three months from start of year at lower prices so hopefully not to far different from what I said half last years output, 25% higher aisc, less tax, and if they also give forward guidance for next year hopefully pretty rosy, especially as the company still have considerably lower gold and silver prices still in their projections. imho

[stevea171] 26/8/2020 19:33

Sotolo. Revised forward guidance when it comes is for 2020. Guidance for 2021 will be later, towards the end of the year probably.

Profit is unlikely to be anything like $200 million. Unfortunately your simplified profit calculations don't take account of lower average PM prices in H1 than current and leave out heavy costs not included in AISC eg

$24 million in costs in H1 for the effects of CV
$?? million cost of CV in H2
$40 million plus in income tax last FY

[sotolo] 26/8/2020 16:41

It tells me that they are unable to do so with any accuracy while both Imaculda and San Jose are ramping up production with unknown speed in the light of Covid. But say being very conservative overall production is half last year’s, say 9m ounces silver (2019 16.8m) and 135k Oz gold ounces (270k 2019), Say with the fall in production and Covid restrictions aisc rises to $15 silver $1300 gold. Then at current prices that is profit of $108m from silver and $90m from gold or $200m. And that is being very conservative. If things get back to normal profits treble. Of course their is tax and capes to pay but that is a fairly low rating which says to me even if they aren’t giving forward guidance when they do Price should pick up, at this gold and silver price, as long as forward guidance is for next year, not just concentrating on how badly this will pan out. So for me good value

[petebreeze37] 26/8/2020 09:01

It looks like another 'staircase' down day like yesterday.