Hochschild Mining Share Discussion Threads

[risa5] 24/10/2020 14:44

Stevea~ Can you clarify Hoc's position with SKE?

If you refer to this video at (18 mins), he says Luxor (Luxor capital) bought out Hochschild's entire position in January..., yet according to RNS released on 23/07/20, Hoc is still a partner in Snip, so its a bit confusing.



Also here page 17 confirms...Hochschild Mining has option
to acquire 60%

[risa5] 24/10/2020 14:03

Skeena, Interesting discussion and worth keeping an eye on, some news about Snip (40 mins).

Discussion with Walter Coles, Jr. | Skeena Resources Ltd
Oct 20, 2020

[misterbluesky] 24/10/2020 12:57

Hoc can only go up from here.

[stevea171] 24/10/2020 10:38

3 top London listed PM miners gone in just 2 years.
Only 5 left.

HGM delisting next month from LSE and Ftse250 follows:
ACA Ftse250 takeover by Barrick last year and
RRS Ftse100 merger with Barrick in 2018

POG could be the next to go leaving just 4.

HOC is take over proof as a result of Eduardo's majority holding.

[risa5] 23/10/2020 19:06

CORINA GOLD PROJECT
The Corina Gold Project comprises a block of licenses totalling 8,300 hectares in area in the Antabamba region, Apurimac Department, Southern Peru. The geological setting is a belt of Tertiary-age volcanic rocks that also host Ares’s Pallancata and Immaculada mining operations and past producer Selene, with Lara’s main targets located approximately 15km north (approximately 25km by road) of the mill at Selene, which currently serves the Pallancata mine.

At Corina the host rocks are mostly felsic tuffs, cut by a roughly E-W fault, brecciation and veining that has been mapped at surface over several kilometres. Mineralization is typically hosted by zones of brecciation with silicification, stockworks and quartz veining, within two sub-parallel structures denominated Corina and Micky. The Corina structure has so far returned lower grades and carries grey-white quartz and pyrite. The Micky structure has returned better grades, associated with chalcedonic quartz and coliform textures typical of low sulphidation epithermal alteration systems. The current working hypothesis is that the better intercepts on the Micky structure represent shoots that plunge shallowly to the east (comparable to the comportment of the Pablo-Yurika silver vein at Pallancata and the Angela gold vein at Immaculada).

Compañía Minera Ares S.A.C. (“Ares”), a subsidiary of London-listed Hochschild Mining plc., has the option to purchase the Corina Project from Lara by making staged cash payments totalling US$4,150,000 of which US$300,000 has been paid to date, with the next installment of US$350,000 due by July 2020. Ares must also carry out US$2,000,000 in exploration expenditures, which will most likely be fulfilled by the current program and pay a 2% net smelter return royalty on any future production (see Company news release of June 23, 2014 for details).

Ares has reported multiple gold and silver intercepts from on-going diamond drilling in 2019 with results received to date are summarized in the following table:
...
Meanwhile, partner Hochschild Mining Plc (HOC:LSE) announced it had obtained permits for drilling the Corina project in Peru.

[the skipper] 23/10/2020 11:45

With both FRES and CEY out of favour owing to production issues this is a much safer home for anyone who wants to invest in pm production on the London markets imo. Bots still very much in control of the share price but once they have done their masters bidding the uptrend since the end of March low should continue imho.

[stevea171] 23/10/2020 11:12

Another Ftse350 PM miner bites the dust!

HOC may benefit as HGM holders sell out or take up the offer in the remaining time before the HGM LSE listing is cancelled on 19/11.

POG was promoted back to the Ftse250 this year but has become uninvestable as a result of the latest bout of Board Room shenanigans.

HOC, CEY, FRES and POLY stand out as the leading Ftse350 PM miners going forward for new investment or those switching out of HGM before it is delisted.

21/10/2020. Highland Gold. The Cancellation is expected to take effect at 7.00 am on 19 November 2020 (being 20 clear business days from the date of this announcement).

The Cancellation will leave Highland Gold Shareholders with a minority interest in an unlisted company, with the liquidity and marketability of Highland Gold Shares significantly reduced as a result.

Accordingly, the Highland Gold Independent Directors, restate their unanimous recommendation that Highland Gold Shareholders accept or procure acceptance of the Offer if they have not already done so.

[stevea171] 23/10/2020 10:40

Gold $1911. Consolidating mostly in the $1900 to $1920 range ($1920 was the previous all time high) creating a base before a move back above $2000. Printing continues out of hand devaluing the $.

Silver $24.74. It has also been consolidating with an upward bias before taking out $30 and then higher.

Both metals are drifting up despite the regular price smashes that damage sentiment towards the metals and miners but are short lived and are not doing any further technical damage to the metals. The US election is only 2 weeks away so the US$ will probably remain subdued until the uncertainty is removed.

[spacedust] 22/10/2020 08:10

Hoc should follow.....but it isnt. Today silver is down a whisker so watch the mighty tank in hoc

[bocase] 21/10/2020 21:53

Yes I think it is the classic case of buy the rumour and sell the fact.

The dollar continues to weakens, gold gets stronger and HOC should follow.

Patience is needed. The chart is supportive. Sometimes Mr. Market is just in a bad mood. It certainly was today, especially for Centamin.

[juju44] 21/10/2020 21:29

Sell on the news brigade. Results were good but HOC almost always takes a hit on news. Relax it will soon be on its way

[spacedust] 21/10/2020 20:13

So dollar down yet hoc down
Silver up yet hoc down
Great results yet hoc down
Upgrade by mickey mouse yet hoc down

Can someone please explain why hoc is down?

Heaven forbid if any one of the above 4 pts goes against us then we could be in single figures

[stevea171] 21/10/2020 15:43

I listened to the results conference call at 2:30 but sound quality from Peru was very poor. The questions at the end carry the most interest. Usually there is a transcript that appears a day or two later - seeking alpha.

One question concerned restart of dividend payments. A. From Ignacio - yes, under review.

Another on BioLantanidos. A. From Ramon included that it was still on track for the revised Feasibility Study to be released end Q1/21.

Another Q to do with drilling.

[bocase] 21/10/2020 15:12

Yes it was. The sound quality was so poor that there were only two questions and you could not understand the answers. They need to address that and, if the conference is in English, have a native English speaker hosting it.

A wasted opportunity.

[stevea171] 21/10/2020 15:10

Solid year-to-date operational performance in challenging circumstances
o 16.8 million silver equivalent ounces.

So can HOC produce approx 8 million SEO in Q4/20?
That would give FY/20 production of 24.8 million SEO. (guidance 24-25 million SEO)
For Q1-Q3 last year production was running at around 10 million SEO per quarter from 3 mines plus a negligible contribution from Arcata in Q1.

So if Inmaculada and Pallancata run at full capacity and San Jose just below full capacity, 8 or 9 million SEO is eminently possible. This would generate huge free cash flow at current PM prices and overall profit potential for the company probably exceeding analyst estimates.

[spacedust] 21/10/2020 15:08

I was too late. Called around 250pm and was told its all over.....

[bocase] 21/10/2020 14:47

Just listened to the conference call.

Dreadful sound combined with a very strong Spanish accent meant it was hard to understand anything. Shame.

Got the impression that management were very upbeat but could only understand every third word or so.

[spacedust] 21/10/2020 11:52

Rbc capital kiss od death.

Had it been goldmansuchs then we would be 350p within a blink of an eye even if we had a mountain of debt no license and no silver

[risa5] 21/10/2020 11:18

RBC RAISES HOCHSCHILD MINING PRICE TARGET TO 350 (340) PENCE - 'OUTPERFORM'



A conference call will be held at 2.30pm (London time) on Wednesday 21 October 2020 for analysts and investors.

Dial in details as follows:

UK Toll-Free Number: 0800 358 6377

International Dial in: [phone]

US/Canada Toll-Free Number: 888-254-3590

Pin: 2072941#



A recording of the conference call will be available on demand on the Company's website: www.hochschildmining.com

[spacedust] 21/10/2020 10:41

Crooks. The graph lioks5 like the share price wants to get to 300p

[the skipper] 21/10/2020 10:24

Looks like the market makers were short of stock, so what do they do? Conceal buy trades for later publication then take it down to trigger stop losses so they can replenish their stocks. Dirty old business isn’t it?

[d3009] 21/10/2020 09:55

Exactly Spacedust, welcome to our world - it's been like this for the past few years now. This said I'm now highly optimistic due to Juju's last post. The tea leaves in his morning cuppa must have given a sign ;-)

[juju44] 21/10/2020 09:42

Added some more on the early drop . Decent report and with strong silver this could be the time