Hochschild Mining Share Discussion Threads

[rathkum] 10/5/2021 11:25

Translated

Minera Ares to invest more than US$ 21 million in Pallancata

The Ares Mining Company, a subsidiary of Hochschild Mining, evaluates investing US$ 21.3 million in its silver and gold-rich Pallancata mining unit in Ayacucho department, approximately 160 kilometers from Operation Arcata.

In this line, the purpose of its sixth Sustaining Technical Report (ITS) is to "analyze the positive and negative effects of the enablement and execution of 66 drilling rigs and their accesses of the Pallancata mine on the environmental and social component of the study area, thus allowing to propose specific management measures necessary for its optimal environmental management".

Drilling is for geotechnical, metallurgical and discard purposes.

The execution time of the drilling rigs is estimated at 19 months.

Pallancata began production in 2007 and until December 2013 was a joint venture, in which Hochschild held a 60% controlling stake in International Minerals Corporation ("IMZ"). After the purchase of IMZ, Hochschild owns 100% of the transaction.

[stevea171] 09/5/2021 11:40

May 7, 2021. McEwan Mining reports on HOC/MUX JV:
Operations Update San José Mine, Argentina (49% Interest)

Our attributable production from San José in Q1 was 9,500 gold ounces and 492,300 silver ounces, for a total of 16,700 GEOs. For Q1, total cash costs(2) and all-in sustaining costs (AISC)(2) were $1,088 and $1,328 per GEO, respectively. This compares to 14,900 GEOs at total cash costs and AISC of $1,138 and $1,592 per GEO, respectively, in Q1 2020.

We received $5 million in dividends in Q1, compared to no dividends during the same period in 2020.

In 2021, the exploration budget is $10 million. Recent exploration results generated by our partner and mine operator have been encouraging, including an outstanding result from the Escondida vein:

62.5 g/t gold and 5,571 g/t silver over 2.0 meters – hole SJM-529

[rathkum] 08/5/2021 10:50

Nevada’s Gold Market Ready to Boom, Here’s a Solid Stock To Watch. Hochschild Mining (US) signed US$10M deal to go deep right next door to a 20 million ounce deposit in operation called Pipeline/Cortez with Nevada Gold Mines

[338] 06/5/2021 14:43

Silver is over $27 🚀

[rathkum] 06/5/2021 13:32

Peru's jurisdiction risk is over blown (happens a lot every 4-5 years in many mining countries). Peru's Congress is incredibly right wing. The odds are very low a right wing Congress is going to pass any extreme business laws.

Newly elected Congress in April got 41 total leftwing seats (37 from Castillo's party) out of a 130 seat Congress. 66 are needed for a majority.

Only 41 seats are leftwing (L). Vs 64 seats being rightwing (R) + Plus 4 more being libertarian (Lib) + Plus a further 21 being centre-right (C-R). Even if Castillo somehow got ALL of the centre-right to join him (incredibly unlikely) he is still short 8 more seats needed for a majority ~ 66 seats.

[imastu pidgitaswell] 06/5/2021 08:39

Ta - very helpful.

[risa5] 05/5/2021 15:56

Exdiv 6/5/21 paid 2/6/21 1.68p

[prettygreen] 04/5/2021 13:51

Dismal performance today compared to FRES.

[risa5] 04/5/2021 01:06

MAY 3, 2021 5:43PM EDT

What happened
Shares of silver mining company stocks powered higher in Monday trading, with McEwen Mining (NYSE: MUX) rising 8.3%, Hecla Mining (NYSE: HL) climbing 8.5%, and Silvercorp Metals (NYSEMKT: SVM) closing up 11.7%.

[king_baller] 03/5/2021 18:43

Hochschild mining (HCHDF) is up 4% on US markets today.

[king_baller] 03/5/2021 16:17

Silver screaming higher today. For anyone concerned about the recent share price weakness related to the upcoming Peruvian president final - you must remember that Peru’s election was 21 days ago - and the congress has already been voted in (congress is firmly centre right!). So there isn’t actually a realistic risk of any extreme policies, even if they do vote in Castillo as president. Buying opportunity for Hochschild (and other Peruvian names like PTAL) IMO. DYOR.

[d3009] 30/4/2021 17:24

Thought I'd buy a few in today at sub 190. Hope the silver squeeze takes place tomorrow and we see some movement in silver price next week!

[knocknock] 29/4/2021 17:18

Not long now for gap to close.

[stevea171] 29/4/2021 14:39

Peru's Hochschild looks to invest US$21mn in drilling rigs at Pallancata mine
Tuesday, April 27, 2021

Peruvian miner Ares, a subsidiary of Hochschild Mining, plans to invest US$21.3mn in 66 drilling rigs to optimize operations at its Pallancata silver-gold mine.

In a supporting technical report (ITS) submitted to the environmental certification service for sustainable investments Senace, the company said the proposed works will not modify the mining-metallurgical processes.

The rigs will require 7.4km of new temporary access routes.

The drilling, which is for geotechnical, metallurgical and other purposes, is estimated to take nine months.

To continue reading, subscribe to BNamericas to get all the information in this article and access to related news items and reports.

[armourer] 28/4/2021 20:41

Qsmelly the fact FRES is down similarly tells me it's a coordinated smash down before this evenings FOMC meeting. I won't be surprised to see it back up tmrrw.

[juju44] 28/4/2021 19:48

Close but not yet

[qsmeily456] 28/4/2021 16:31

Market doesn't like this deal support broken 🌳🌴🎋🎄7794;🛩ԁ65;

[stevea171] 27/4/2021 22:14

Corina/Pallancata. Had hoped for a lot better. Look at the depth and width for only 2 holes of significance reported on.

Hochschild Intercepts 1.6m Averaging 6g/t Gold and 39g/t Silver at the Lara's Corina Gold Project in Peru.

Vancouver, British Columbia--(Newsfile Corp. - April 27, 2021) - Lara Exploration Ltd. (TSXV: LRA) ("Lara"), is pleased to report the receipt of additional drill results from partner Hochschild Mining plc., for Lara's Corina Gold Project in southern Peru. Hochschild reported completion of 2,095 metres of diamond drilling in Q1-2021, with a further 2,000m planned for Q2. Significantly mineralized intercepts have been released for two of the holes from the Q1-2021 drilling, which are summarized in the table below:

[338] 27/4/2021 14:02

Need to break $26.70... then $28... to get to $30...🚀

[338] 27/4/2021 14:00

algorithm has been setup for silver to hit $30

[risa5] 27/4/2021 13:47

Hochschild in US$10M Nevada gold deal

NV Gold shares jumped almost 24% yesterday as the junior announced Hochschild Mining had entered a US$10 million option over its SW Pipe gold project in Nevada.

27 April 2021

NV said within 30 days, Hochschild would pay $50,000 and the 2020 renewal costs for the property, which was about 6km southwest of the Pipeline gold mine operated by Barrick Gold and Newmont's Nevada Gold Mines.

Hochschild could earn 51% of SW Pipe by spending $7.5 million over five years and paying a further $750,000.

It could then purchase 100% of the project for $25 million or 12,500 ounces of gold - with the choice up to NV, which would retain a 2% net smelter royalty.

Or after earning 51%, Hochschild could earn a further 24% by spending a $2.5 million on exploration and delivering a feasibility study.

NV Gold said SW Pipe was said to host a shallow, sediment-hosted gold system.


"NV Gold will remain operator of the initial exploration programmes on the project and we are excited to work with Hochschild to test the project at depth for extensions of the neighbouring multimillion-ounce gold deposit at the Pipeline mine," president and CEO Peter Ball said.

Ball, NV chairman John Watson and high-profile investor Eric Sprott are among the junior's largest shareholders.

Ball said NV was touring "other interested mining companies" to its exploration projects in Nevada for further potential joint ventures.

The company had about C$1.6 million in cash at the end of February, according to a presentation this week.

London-listed Hochschild has precious metals operations in Peru and Argentina.

It said last week it was on track to meet its 2021 production target of 360,000-372,000 gold-equivalent ounces.

Its shares are trading near the middle of a 52-week range, around 195p, capitalising it about £1 billion (US$1.4 billion).

NV Gold shares (TSXV: NVX) have ranged from C13.5-47.5c over the past year and gained 23.9% yesterday to close at 28.5c, valuing it at $18.5 million (US$15 million).