Hochschild Mining Share Discussion Threads

[nilla159] 02/8/2023 07:55

No you are not alone ,we have been waiting years for this.Great News.
Hallelujah.

[arlington chetwynd talbott] 02/8/2023 07:52

Just me interested then?

[arlington chetwynd talbott] 02/8/2023 07:21

The wait is over. Happy days.

[blackhorse23] 26/7/2023 22:38

Drop tomorrow because if fed hike

[hunter154] 25/7/2023 16:48

I listened to the conference call live today.
No date / timeline given but they will update by the time of the half year results.

[sotolo] 25/7/2023 15:01

As said it was in a q and a following the last but one figures from memory

[hunter154] 25/7/2023 11:41

Ok so your opinion….I had to re read today based on your initial comments.
I do not recall any RNS where this was said and given the size of my holding, I generally read through it carefully.

Anyway, hopefully they give a positive indication on the final review on today’s call.

[sotolo] 25/7/2023 09:34

hunter they said that in one of the a and a following previous results, so I felt the following today just reiterated it “ With regards to Inmaculada's Modified Environmental Impact Assessment, we are continuing to work with SENACE on its final review,”

[hunter154] 25/7/2023 07:43

@sotolo, where does it suggest in today’s announcement that the conclusion will not be binary? I don’t recall that in any statement that they have made in the past ( although I suspect that may be the case)

[sotolo] 25/7/2023 07:21

Not bad rns,
. production up slightly, debt at over $200m horrid but as expected for necessary Mara Rosa.
. more hedges but at gold prices above record high, efficacy of them all depends on inflation, ie if it continues high then aisc could rise at 10%+ a year meaning hedges turn out less than today’s price in real terms, but if inflation is rapidly controlled could be good - Hoc has a good track record of hedging and with debt so very high can’t afford to ride out gold price falls as well as other sso makes sense
And finially
. INMACULADA. Yet again the board suggest the conclusion will not be binary as Trader et al suggest, so share price imho unlikely to more than halve or double as a binary conclusion would result. Instead they are negotiating a compromise which will result in increased costs/lower production/less exploration but the big question how much.

Overall Hoc looks good at this price though very risky and not for widows or orphans.

[rathkum] 24/7/2023 16:59

I don't believe we can expect any update on Inmaculada tomorrow. If there was any whisper on a positive outcome, the share price would have been bid.I expect production to be down on 2022.

[hunter154] 24/7/2023 13:36

So, HOC’s financial calendar is showing announcement of prod’n numbers for 25/07.
Holding my breath and crossing my fingers.
Good news on inmaculada gets us to 150p quickly.
; stall or bad news is sub 40-50p.

[trader465] 19/7/2023 20:03

What do you mean “miswritten221;?

Is that something to do with your ink well levels or are you using an incorrect feather size? And what is a “diary”?

These days we use automated notifications apps. I don’t think I’ve “written”; anything for about 10 years apart from signing my prison release forms of course.

I suspect the next news will trigger a sharp share price fall, I may be wrong as HOC is now a 50/50 bet, I would certainly not be betting on the upside.

If you lose 10% you only have to make 11% elsewhere, if you lose 50% you have to make 100% elsewhere.

If the licence is granted we can buy after a 10% rise and expect a possible recovery over coming quarters, but if the licence is refused I’d say a 30/40% share price fall will happen.

It’s far more sensible to stand aside and bet on the quarterly direction after the news gives us a clue.

[sotolo] 19/7/2023 19:33

Weird. I had 19th July in my diary too so was expecting results and Inmaculada review but now on 15th Aug. Thought I had miswritten it in my diary so glad to hear I am not totally bonkers. But a bit worrying postponed again

[nilla159] 18/7/2023 15:07

All to play for tomorrow 19th July
Results and possible update on the MEIA !!
And if no update what is the future plan for HOC?
Should they cut investment in Peru and place that elsewhere in the Americas.
Or wait until a more business friendly government gets voted into power.
Hopefully we will find out soon.
Oops got that wrong. .....sorry

[sotolo] 10/7/2023 07:30

Tuscan, I don’t think one can read it either way. Management have made clear for a long time that the likelihood is neither approval not rejection but a worse or better compromise. I expect we shall hear something at the results rns on 19th of this month.

[tuscan4] 05/7/2023 13:09

Could it be that no RNS by 30/06 means that they are very close to a positive Immaculada announcement. If talks were still miles away from fruition surely they would have extended the deadline. If talks are very difficult with no prospect of success then they would be putting the mine on care and maintenance.
Maybe I am being too optimistic.
On the other hand if there is an imminent breakthrough the share price should be going higher as the insiders buy.

[arlington chetwynd talbott] 03/7/2023 08:02

Wot no RNS?

[trader465] 30/6/2023 10:54

The delay in permit news suggests there is a problem, if the permit was granted they would have issued it, but they obviously haven’t. If the permit isn’t granted I reckon this will tank to 50p in a session, tick tock…

[nilla159] 30/6/2023 10:47

31 March 2023
Inmaculada Permit Update
Hochschild Mining PLC ("Hochschild" or the "Company") (LSE: HOC) (OTCQX: HCHDF) confirms that the permitting process for Inmaculada's Modified Environment Impact Assessment ("MEIA") continues and that the Company's revised expectation is a decision by the Peruvian government during Q2 2023.
The Company believes that the outcome of the permitting process will be positive. However, failure to secure approval of the MEIA would result in a suspension of operations at Inmaculada during H2 2023 until a new MEIA is approved. The specific date of suspension will depend on a number of operational factors.
Further updates on the status of the permitting process will be provided as appropriate.
________________________________
This is the last day of Q2 and still no MEIA decision. HOC has been patiently waiting for the best part of a year, possibly longer.
Why is it left wing /socialist governments are so slow in looking forward to future growth for the benefit of their people?
See rathkum post of June 2nd.
It is going to be interesting to see what action HOC will have to take in H2.
Or put it another way why invest in Peru at the moment.
Or is it that they cannot be seen to be assisting capitalist companies

[blackhorse23] 21/6/2023 11:11

Rates hike tomorrow

[rathkum] 02/6/2023 12:19

Approval coming. Just be patient. Excellent

The Minister of Energy and Mines, Oscar Vera, said that this government has managed to fully reactivate the energy mining industry for the benefit of the entire country, making various projects go ahead, during an interview with the Económika program of @Agencia_Andina

During a meeting with Minister Oscar Vera Gargurevich, Hochschild Mining executives ratified their commitment to investment and thanked the #MINEM for its support to make their mining projects viable.

Ignacio Bustamante, CEO of the company, referring to the La Inmaculada Optimization project (Ayacucho), said that the evaluation process of the modification of the EIA in SENACE has entered its final stage and awaits approval in the coming weeks.

The representative of Hochschild also reported on a new discovery located in the Pallancata area, a deposit that, they estimate, will provide a horizon of 10 years of operations and that is expected to be put into production in the coming years.

Minister Vera expressed his satisfaction with the news and offered all the support of his sector to crystallize these projects that will contribute to improving the country's economy and bringing more work and well-being to all Peruvians.

[trader465] 02/6/2023 09:23

D-day here soon…

“The Company is working closely with the relevant authorities and continues to expect a decision by 30th June 2023”

If the licence is approved we have a potential recovery, but if the licence is denied the downside will be far greater than the upside from potential recovery. If you lose 50% you’ll need to make 100%

The CEO slipping out the door just before licence decision is a big red flag

[arlington chetwynd talbott] 31/5/2023 17:09

Hi Ho Silver, Away!