Hochschild Mining Share Discussion Threads

[spacedust] 25/8/2023 15:24

Silver will fly. Rates held

[spacedust] 25/8/2023 12:57

Perfect fries Chichen

[sotolo] 25/8/2023 11:03

I, who have been the Jeremiah for 2 years + , have actually been accumulating shares since the Inmaculada news. IF Hochschild makes it through this heavy debt for Maria Rosa period, or now I believe WHEN it does, with the Inmaculada news and hedge, I think this is an interesting and good value play on the gold price, and lesser extent the silver price, with the downside partially protected by the hedge and the upside optionality as Inmaculada resources extended and Pallancata exploration developed

[blackhorse23] 24/8/2023 10:34

Switched to PFC

[sotolo] 24/8/2023 06:51

Farfuglia, Hochschild is now a medium sized gold miner (now over 60% of production value) and rising with some silver, which will only be increased further by Pallancata closure. So when it come to silver Hoc is now a small miner. It has fallen to 16th in ranking of ounces of silver mined by companies

[hunter154] 23/8/2023 18:58

Thats good news.
The interims are now on 6 September, so hopefully we get upward move in anticipation of that and then a good presentation of mine plan for Inmaculada will provide some fuel post the announcement.

[rathkum] 23/8/2023 18:22

Things are finally looking up for Hochschild Mining, says Berenberg
hochschild

Berenberg has hiked its target price for the shares of precious metal producer Hochschild Mining by 30%, saying it's time to "revisit the investment case" after a tough number of years for the company.
Hochschild Mining
89.90p
17:05 23/08/23
5.21%
4.45p

The broker lifted its target from 100p to 130p, and reiterated a 'buy' stance on the stock, which was up 1.8% at 86.95p on Wednesday morning.

"Since 2018, 12 of the top 20 shareholders have reduced their stake in Hochschild, including the Hochschild family, which sold a 12% interest in 2020, with six shareholders fully selling out. In our view, investor interest is at its lows and now is the time to revisit the investment case," said analysts Richard Hatch and William Dalby.

Hochschild announced in early August that it had finally received a modified environmental impact assessment (MEIA) for its Inmaculada mine in Peru, a long-delayed milestone that has been hanging on the stock since the first half of 2022. For context, Inmaculada represents two thirds of production and 80% of operational free cash flow.

Meanwhile, the falling production and impending closure of the Pallancata project due to a lack of economic ore has also weighed on sentiment, Berenberg said.

However, there are now three key reasons to be optimistic, the broker believes: first, the MEIA for Inmaculada being approved; second, the new Mara Rosa mine in Brazil coming online in the coming year; and thirdly, the balance sheet approaching peak leverage, with net debt-to-EBITDA at 1.29x by the end of 2023.

"We think that as the company turns the corner operationally, and ramps up Mara Rosa, it will materially de-risk the investment case, and believe that with limited investor interest due to recent challenging years, the time is right to dust off the file on Hochschild."

[hamhamham1] 23/8/2023 17:43

Bought in here over several purchases this week, average 85p.
We now have known unknowns as one general once said :)

[hunter154] 23/8/2023 15:29

They have been warning of dollar collapse and gold to $5000+ for a very long time.
I’m not holding my breathe.

[spacedust] 23/8/2023 15:14

Dollar to collapse?

[spacedust] 23/8/2023 14:30

250p in 2024.

[trader465] 23/8/2023 12:00

No, he switched to CURY at 90p 🤣

[hunter154] 23/8/2023 11:58

I thought you switched to GATC?

Shameless plugging of your holdings.
How about posting insightful analysis instead.

[blackhorse23] 23/8/2023 10:23

Switched to PFC

[nilla159] 22/8/2023 12:04

No there is not in my Opinion.

[farrugia] 22/8/2023 08:14

can someone tell me if there's a better medium sized silver producer than this one now that the permit has been approved? I've looked at names like Silvercorp Metals Inc but it doesn't generate as much silver as HOC. Besides HOC is now somewhat de-risked as they've hedged their future gold production? I don't like the explorers - all they do is dilute shareholders.

[theoracleofomaha] 21/8/2023 10:15

$15m for 1.5% net smelter return, so they most certainly believe its worth something

[hunter154] 18/8/2023 16:20

As I said onMonday….Volcan covers the current market cap.
Shame I have a full position already.
Roll on 30/08

[r88ave] 18/8/2023 08:27

wow didnt think it would gap filled. bought some more

[arlington chetwynd talbott] 18/8/2023 08:20

Identical to Post #6495.

[hunter154] 17/8/2023 15:16

Come again??

[arlington chetwynd talbott] 16/8/2023 10:37

Post #6433?

[blackhorse23] 16/8/2023 08:32

Switched to GATC

[hunter154] 14/8/2023 09:33

65000 shares traded this morning.
Market is in summer holiday mode.

Volcan covers the current market cap so the rest is in for free.

Para phrasing Buffet’s famous saying - In the short term the market is a popularity contest ( voting machine) and in the long term, a weighting machine.

The announcements in the last few weeks helps this share get back on the road.

[blackhorse23] 14/8/2023 08:31

0 impact of that RNS