Hochschild Mining Share Discussion Threads

[breaktwister] 20/10/2020 10:06

Bought more at 241. These morning dips on no news retrace most of the time.

[spacedust] 20/10/2020 09:50

Silver up = hoc down
Silver down = hoc down
Dollar up = hoc down
Dollar down = hoc down

Even on xmas day = hoc day

[plat hunter] 20/10/2020 08:50

Kiss of death spacedust :-P

[spacedust] 19/10/2020 21:31

Yet hoc share price remains static......this will be 300p

[rathkum] 19/10/2020 21:12

I have a holding in both HOC& SPOT. SPOT's share price has risen over 50% in this past week.

[risa5] 19/10/2020 19:41

Any idea what is the HOC's shareholding percentage of Goldspot Discoveries ?...7%

[risa5] 19/10/2020 19:39

AT THE FOREFRONT OF ARTIFICIAL INTELLIGENCE IN MINERAL EXPLORATION.

GoldSpot Discoveries is revolutionizing the mineral exploration business by utilizing artificial intelligence to target on a regional and localized scale.

[risa5] 19/10/2020 19:10

This is a summery of a long article about...

Emerging technologies set to transform the search for minerals

16TH OCTOBER 2020

With the world now one-fifth of the way through the twenty-first century, cutting-edge technologies are transforming many, if not most, aspects of the mining industry globally. Mineral exploration is no exception.

Emerging technologies, in particular hyperspectral satellite imagery and artificial intelligence (AI) and especially both of these in combination are promising to revolutionise this sector.
...
“Companies can find minerals more easily by using high-performance AI technology,”
...
GoldSpot Discoveries is listed on the Toronto Stock Exchange (TSX) and was established in 2016 “to do exploration differently”. That means using AI. “As an industry, we have an overwhelming amount of data, impossible to be processed by the human brain alone,” states the enterprise.

Despite its name, the company is not focused exclusively on the precious metal. Its clients include Yamana Gold, Hochschild Mining and Vale (Hochschild is also one of GoldSpot’s shareholders). GoldSpot’s use of AI has allowed, for example, the discovery of new mineralisation at Yamana’s El Penon mine, in Chile, and led to junior miner New Found Gold to find gold in its first drill hole at its Queensway project, in the Canadian province of Newfoundland.
...

[spacedust] 19/10/2020 11:11

Silver up
Yet hoc down. Heaven forbid silver ever goes down. Yip.... i know dollar blah blah blah

[stevea171] 18/10/2020 11:11

Sotolo.
Normally, San Jose produces about 4 million SEO per quarter, split 51% to HOC 49% to MUX. MUX is saying their share in Q3 was approx 1.25 million SEO (15,900 GEO) instead of 2 million SEO ie -38%.
The return to work there was supposed to be complete by end Q3 but it seems is continuing so the expectation is that Q4 production will not be completely restored. TBC by what HOC says next week.

HOC's H1/20 production was 10.9 million SEO.
Revised guidance FY/20 is 24-25 million SEO.
So H2/20 production is expected to be 13-14 million SEO.
Revised AISC is $14.5-15 per SEO.

I assume HOC has made allowance for the situation at San Jose and the other mines in its revised guidance in September.

[sotolo] 17/10/2020 23:10

Thanks Stevea. Do I have the following right? Last year San Jose produced 1.9m silver Oz and 27000 gold, so these figures suggest we are still more than two thirds down on a year ago in San Jose. We know our third quarter will be bad but I hoped for production to be halved and profits just wiped out. If I have it right this means overall 3rd quarter across the group likely to be down at least 50%? And with this aisc will have gone through the roof. What do you think our results will do to the share price, which always seems to tumble on production falls even if we know they are coming and our balance sheet remains strong. Depends I suppose very much on what they say about the final quarter production and especially exploration if much. What do you think, I remain holding, for next year, and as said thanks

[risa5] 16/10/2020 23:44

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.

[stevea171] 16/10/2020 21:25

McEwan Mining report on Q3 San Jose production. (JV with HOC).

San José Mine, Santa Cruz, Argentina (49%(4))

In Q3, San José produced 8,600 gold ounces and 571,000 silver ounces, for a total of 15,900 GEOs, compared to 9,000 GEOs in Q2. Lower average gold to silver price ratio of 79:1 during the quarter (versus 104:1 during Q2), resulted in higher gold equivalent production. The mine continued to operate below normal capacity during Q3 due to government-imposed COVID-19 travel restrictions that create challenges in mobilizing personnel to the site.

[rathkum] 16/10/2020 14:36

05:18
16/10/20

Hochschild Mining upgraded to Buy from Hold at Panmure Gordon Panmure Gordon analyst Kieron Hodgson upgraded Hochschild Mining to Buy from Hold with a 366 GBp price target.

[stevea171] 15/10/2020 20:24

Second wave of CV is hitting everywhere.

Argentina is among the five countries with the highest infection rates relative to its population worldwide after passing Colombia to become the worst -hit country in Latin America (second only to Brazil).

Argentina has reported 931,967 total cases, and 24,921 fatalities.

[stevea171] 15/10/2020 09:24

Oct 21, 2020
Q3 2020 Hochschild Mining Production Results.

[stevea171] 15/10/2020 09:24

Q3 results to be affected by shutdown at Inmaculada during part of the period and San Jose production not fully restored after earlier shutdown due to CV in Argentina and Peru. Pallancata has not been affected in Q3.

Q4 should be a lot better if there is full production from Inmaculada and Pallancata and nearly full production from San Jose.

FY production guidance was revised down to 24-25 million SEO on 7th September so the market's expectations should be well lowered.

There should be some drill results from the massive drill program in H2/20. Of special interest is results from the brown field drilling at Pallancata, Inmaculada, Arcata, Corina, Selene, etc.

[breaktwister] 14/10/2020 22:56

Annual gold production I meant to say.

[breaktwister] 14/10/2020 22:55

$3k is inevitable in the long run. They create trillions of USD per year out of thin air, dwarfing annual production.

[spacedust] 14/10/2020 20:05

The pundits claiming 3000$ are wrong n hve been always

[stevea171] 14/10/2020 14:46

3/10/2020. In the stock market, Polny sees, “The stock market going up through the Presidential Election, and then the charts show it turning down until July 2021 . . . to around 15,000 on the DOW.”

Polny also sees the US dollar being “devalued over the next few years.” At some point, “We will see hyperinflation . . . . There will be food to buy, but it will be very expensive.” Polny warns it could be many times more expensive than it is today.

On gold and silver, Polny says, “The next leg up has already started for gold and silver. The big move will come in October and November, and it will be a move that nobody has seen before. In December, you will probably see a pullback.”

Polny’s simple advice is to, “Get physical gold and silver, and hold onto it as a core asset. The trend is going up over the next few years. Silver is going to blow away gold on a percentage basis.”