Hochschild Mining Share Discussion Threads

[stevea171] 19/6/2021 10:00

Bullard's extremely hawkish comments sent rate-hike expectations soaring to price in at least one hike before the end of 2022...

Dow suffered its worst week since Oct 2020.
Some serious gamma swings this week...

The Dollar screamed higher after The FOMC statement - its biggest weekly gain since April 2020...

Gold was clubbed like a baby seal, suffering its worst week since March 2020...

[knocknock] 19/6/2021 09:55

There's a lot to be done by the new government regards the mining sector. It's all well and good taking a larger slice of the pie but maybe they should use any levies to improve safety standards, roads and infrastructure as well as mitigating all the damage being done by the mining operations to the natural environment.Sad times ind the d for the families involved.

[leoneobull] 19/6/2021 06:02

Shocking accident and safety!

[stevea171] 18/6/2021 18:32

18 June 2021
Fatal Transport Accident in Peru

Hochschild Mining PLC announces that a road accident occurred this morning involving a bus operated by one of the Company's contractors which was carrying workers from the Pallancata operation to the city of Arequipa in southern Peru. It is with deep regret that 27 fatalities have been reported in addition to 13 injured.

Ignacio Bustamante, Chief Executive Officer said:
"We are all devastated by this news and we have already started a thorough investigation. However, our immediate priorities are to support those involved in the accident and their families and to work together with the relevant authorities."

[waterloo01] 18/6/2021 17:22

Terrible news. The roads are notorious in some of these locations. They must be in shock. 27 dead!

[davidspringbank] 18/6/2021 15:49

Charles, I'm trying to avoid dodgy places to invest. Turkey is one of them. The government has withheld paperwork from one of my miners and is being taken to court. So I've restricted my activities to countries which are in more stable jurisdictions. I think that people are starting to do the same thing. It makes sense to me.

[charles clore] 18/6/2021 15:19

Hi David I also think FRES is a good investment for the future. I hope you are still holding AAU as well. Seems quite cheap at the moment!

[davidspringbank] 18/6/2021 15:04

I sold HOC yesterday and bought FRES instead. I didn't like the idea of a socialist school teacher holding companies to ransom in Peru.

[stevea171] 18/6/2021 08:36

As far as I know, trading of HOC on the OTC market (HCHDF) in the US has been available for 10 years plus as Seeking Alpha reports have confirmed.

[laptop15] 18/6/2021 08:12

Surely it rises with silver today....good opportunity now

[kaos3] 18/6/2021 08:01

for the down voter - look the impact of BUR US listing impact - what has happened - a recent example

[kaos3] 18/6/2021 07:48

jpm business clearly

as when they started trading derivatives on PMs and BTC - what were the consequences - quite counter intuition

observe it for some time before jumping to the conclusions of the final impact of US OTCQX listing on the HOC SP

all imho

[stevea171] 18/6/2021 07:42

18 June 2021
Hochschild Announces Commencement of Trading on OTCQX

Hochschild Mining PLC ("Hochschild" or "the Company") (LSE: HOC) (OTCQX: HCHDF) is pleased to announce that its ordinary shares are now trading on the OTCQX Best Market under the ticker symbol of HCHDF. The OTCQX Best Market is the highest market tier of OTC Markets on which 11,000 U.S. and global securities trade. Trading on the OTCQX Market will enhance the visibility and accessibility of the Company to U.S. investors. Hochschild's ordinary shares will continue to trade on the LSE.

Ignacio Bustamante, Chief Executive Officer said:

"We see trading on the OTCQX Best Market as a valuable opportunity and believe it will provide a cost-effective way to access U.S. investors, who have shown a strong historical appetite for investing in non-U.S. stocks as well as the global mining sector. We expect Hochschild's focus on silver and gold and also on rare earths to be of particular interest to U.S. investors and we are optimistic that this interest will translate into increased U.S. ownership of our shares."

[wakeland] 18/6/2021 07:35

The USA is creating unprecedented amounts of money out of thin air (& they are not alone). It's Zimbabwe territory only they are better at hiding it. Personally I see this is a very temporary blip in the price of gold/silver, funny money creation can only put upward pressure on physical gold in the long run.

[cassini] 18/6/2021 02:50

Isn't this to do with the Fed's latest press conference and talk about raising interest rates (eventually).

Higher interest rates means gold and silver become less attractive.

More particularly, as we know, gold reacts better to low 'real' interest rates (interest rates minus inflation). It reacts especially well to negative real interest rates, which is where we are now.

If real interest rates turn positive gold will fall back as it did between about 2013 and 2019. Jerome Powell at the Fed is to blame for this one I reckon.

It's all talk though, the Fed isn't even talking about doing this until 2023, anything could happen in the meantime.

[davidspringbank] 18/6/2021 02:33

How much paper did Crimex dump over the last couple of days to get the price down?

[knocknock] 17/6/2021 13:42

Yep. Gap filled. Nothing here to instil confidence to buy back atm

[yikyak] 17/6/2021 11:46

pollysmate, you have the obvious producers like FR but if flexible I suggest also worth looking at MRZ.V. Diluted exposure for silver but currently very much off the silver radar. Also, not many venture stocks are flush enough to undertake a company share buyback scheme which puts a floor somewhat on downside.

[davidspringbank] 17/6/2021 09:17

In for a penny, in foe a pound.

[d3009] 17/6/2021 08:35

Your forecast was accurate there knockknock, was going to buy back in May but the omens were not good for this one. Will look again if if gets sub £1, best of luck all.

[knocknock] 17/6/2021 08:26

£1.60 gap fill imminent followed by a steady decline to 80p