Hochschild Mining Share Discussion Threads

[hunter154] 01/11/2023 17:11

Eduardo owns 38% of the company so unlikely he will sell for peanuts.
I believe that a broker upgrade is at play here.

Capital markets presentation on 22/11/23 will be huge catalyst as it will provide an insight into production/ cost profile re 2024 and 25

[1hercule] 01/11/2023 16:28

whats going on here? Is there a bid coming?

bought a few for a play.

[knocknock] 01/11/2023 16:00

This is perfect. Quiet boards mean no tampers required.

[nilla159] 28/10/2023 09:11

Gold passes $2000 once more.
Brazilian mine nearing completion and
Production to commence early 2024
Situation is improving.

[hunter154] 19/10/2023 18:45

Thats good.
The next catalyst for us is the capital markets day where they will outline strategy and give an insight into inmaculada production for FY24.

[rathkum] 19/10/2023 18:30

JPMorgan raises Hochschild Mining price target to 140 (135) pence - ’overweight217;

[arja] 18/10/2023 15:41

p/e of 88 is awful but that might not be up to date :)

[arja] 18/10/2023 15:39

not a lot to love looking at chart but should edge up a bit more if gold price holds up

[knocknock] 18/10/2023 13:50

Love this stock

[blackhorse23] 18/10/2023 12:20

They have raised GATC 180p & WJG 100p as well

[nilla159] 18/10/2023 07:47

Excellent production report delivered in difficult times.
Steady improvement from this point I think.

[amazoner] 13/10/2023 08:38

yippee yippee

[juju44] 29/9/2023 15:52

Daily Yank smash in PMs . Gangsters rule

[amazoner] 29/9/2023 10:50

how big is the financial impact of suspending pallacanta from next month?

[rathkum] 28/9/2023 19:19

Hochschild Mining planning a US$500mn future in Peru
Bnamericas Published: Thursday, September 28, 2023

Hochschild Mining, one of Peru's main precious metals miners, is optimistic about its brownfield projects, but will have to stop operations to advance one of them.

CEO Eduardo Landin told the Perumin mining event that the Royropata deposit, discovered in 2022 at the Pallancata gold-silver mine in Ayacucho region, has a lot of potential and will be a priority. Landin said the company will invest US$500mn.

Royropata is in the advanced feasibility engineering stage and the process to obtain the third environmental impact modification (MEIA) started recently, according to Landin.

Pallancata will produce 2-2.2Moz silver and 21,875-24,609oz gold this year, he said.

“We think Royropata can be converted into a new mine. The project has very good grades and we have already incorporated 51Moz of silver equivalent [in potential resources],” he said.

Hochschild obtained the environmental license for its Inmaculada gold project in August.

SUSPENSION

But operations at Pallancata will have to be suspended because of the MEIA process.

"We are going to have to stop until we get this permit. We are counting on the government to facilitate it, and obviously on our part we are going to do our best to ensure that the MEIA is a document of the highest quality," Landin said.

Operations will stop in the fourth quarter and restart only after all permits are obtained, which is expected for 2H26.

FORMALITIES

Brownfield projects are seen as less challenging because they carry lower social and environmental risk, enabling swifter execution.

Considering the advantages, Landin proposed authorities facilitate free brownfield exploration in areas of direct influence, also at smaller scales without requiring permits, which could deliver resources to juniors and add value.

He also recommended eliminating prior consultation for exploration and to simplify the environmental technical requirements and the environmental impact declaration.

“Permitting is definitely a barrier to investment. Promoting brownfield exploration is critical for the industry because it is less expensive than making a discovery, has greater probability of a discovery, and it ensures the competitiveness of mining units that employ a lot of people.”

[book5] 11/9/2023 15:11

Nothing new
Low margin
Imho, though decreasing, Peru risk still high, politically and from locals
this is not a share for widows and orphans,
I am watching this
Aclara is also an option, let's see if they raise new cash for that subsidiary

[jsg123] 11/9/2023 14:58

Anyone know why this has dropped from mid 80s this morning?

[rathkum] 07/9/2023 19:15

Berenberg raises Hochschild Mining price target to 140 (130) pence - 'buy'

[hunter154] 06/9/2023 18:42

I dont think there was anything that was not known already. I was hoping they would do a presentation of what the MEIA means for ongoing production 2024 and beyond.
Sadly, we will have to wait till 22/11 for the Capital day presentation before we get that.

One positive was that 10k drilling will start now and we should have that fall into reserves by 31/3/24. This shows that mine plan will get back to normal (+250k aueq ) moving fwd.

[tigerbythetail] 06/9/2023 11:02

There was a lot of bad news (and a certain amount of "new boss kitchen-sinking") in this morning's RNS, but it looks like the market had most of it priced in.
I wonder if this is the beginning of a turnaround after a time of troubles. The worry is the debt load, but as long as HOC can get the new mine open on cost and on budget then it should be manageable - bar a collapse in precious metal prices, of course.

[arlington chetwynd talbott] 06/9/2023 07:33

Not as good as expected?

[farrugia] 06/9/2023 07:20

10 May 2023

o Production of 301,000-314,000 gold equivalent ounces (25.0-26.0 million silver equivalent ounces)

o All-in sustaining costs of $1,370-1,450 per gold equivalent ounce ($16.5-17.5 per silver equivalent ounce)

06 September 2023

§ Revised production target:

o 289,000-303,0000 gold equivalent ounces (24.0-25.0 million silver equivalent ounces)

§ Revised All-in sustaining costs target:

o $1,490-$1,580 per gold equivalent ounce ($18.0-$19.0 per silver equivalent ounce)

and they still have to spend $54 million to complete Mara Rosa in H2

[spacedust] 30/8/2023 15:35

I was correct

[spacedust] 25/8/2023 15:24

Silver will fly. Rates held