Hochschild Mining Share Discussion Threads

[stevea171] 13/12/2023 11:54

Aclara. Company Presentation October 2023:

[stevea171] 13/12/2023 09:07

Next Steps

Production of samples by processing the Project’s ionic clays at Aclara’s pilot plant in Chile during December 2023 and January 2024

Completion of a Preliminary Economic Assessment (“PEA”) in January 2024

Pursuit of additional resources through the completion of a reverse circulation (“RC”) drilling campaign, which is already underway and scheduled to be completed in Q2 2024

[stevea171] 13/12/2023 08:59

Aclara's RE project is in Goias State in central Brazil which is the same State as HOC's Mara Rosa mine. So there is a mining friendly jurisdiction there which is much better than in Chile (environmental constraints) and some synergy with the two projects. It may be quicker to bring a RE mine into production in Goias than in Chile.

The capital, Brasilia is the main city of Goias, along with the State capital, Goiania.

[stevea171] 13/12/2023 08:58

Aclara confirmation of major RE discovery in Brazil

HOC holds a 20% stake in Aclara which is now derisked with the confirmation of a significant MRE at their Brazilian RE deposit. Aclara is now a multi jurisdiction (Chile and Brazil) explorer/developer of RE minerals.

Aclara announces discovery of 168 Mt ionic clay mineral resource at its Carina Module in Goias, Brazil.

TORONTO, ON, December 12, 2023 – Aclara Resources Inc. is pleased to announce the maiden mineral resource estimate (“MRE”) for its regolith-hosted ion adsorption clay project located in the State of Goias, Brazil, known as the Carina Module.

The 168Mt of inferred mineral resources at the Carina Module complements the 27.5 Mt of measured and indicated mineral resources, and 1.7 Mt of inferred mineral resources at Aclara’s Penco Module in Chile.

Recovery of rare earths from the Project is fully compatible with the technology patented and successfully demonstrated on a pilot scale by Aclara in Chile, designed to minimize both cost and environmental footprint.

The near-surface location of the deposit results in a very low strip ratio (less than 0.4) providing a positive backdrop for a low-cost mining operation

Aclara CEO, Ramon Barua, commented:

“The combination of its large size and attractive grades makes the Carina Module an outstanding deposit of ionic clays and significantly increases Aclara’s total resource base. The fact that we can apply our patented metallurgical recovery process, which combines competitive costs with superior environmental qualities, provides a promising backdrop for the upcoming Preliminary Economic Assessment. We are excited by the possibility of becoming a significantly larger supplier of magnetic rare earths, especially dysprosium, given how critical these elements are in our planet’s fight against climate change.”

[rathkum] 04/12/2023 16:13

Peru simplifies procedures for approval of environmental studies, water use permits

[rathkum] 01/12/2023 17:05

Why the economics of mining is changing


Further down the development track is Hochschild Mining (HOC) with its new Mara Rosa mine. It was on a similar timeline to Horizonte but has hit its deadlines so far, with first gold expected early next year and commercial output a few months later. The company has built various mines in the past and Mara Rosa will be one of four in production next year.

Mara Rosa’s economics do suggest an almost anti-inflation story; the company’s group-level average all-in sustaining cost (AISC) has risen from $977 an ounce (oz) in 2017 to almost $1,500 last year. But Mara Rosa is expected to have an AISC over its 10-year life of just $1,000 an oz. “The project is running to schedule and budget, despite the pressures on capital costs that have caused issues in other industry projects presently in development,” said analysts at Peel Hunt. Miners will usually extend mine lives through exploration, with the initial life merely what can be included from the current reserves.

At its largest existing mine, Inmaculada, Hochschild has managed a productivity gain that outweighs operating cost hikes. It has shifted to a more mechanised style of mining underground, which has cut costs by 30 per cent, according to company chief executive Eduardo Landin. “Even though we are increasing the dilution [of gold and silver within the ore] the productivity is much higher, the number of [workers] is much lower,” he added.

It is largely Mara Rosa boosting the company’s prospects, alongside production being suspended at high-cost mine Pallancata.

Peel Hunt updated its Hochschild forecasts this week, leaving adjusted Ebitda at $289mn for next year and hiking it 84 per cent to $270mn for 2025, thereby reversing a declining earnings outlook. Analysts at Panmure Gordon have cut the forecast for AISC to $1,206 an oz from $1,468 an oz for 2025.

Ewoyaa and Mara Rosa are outliers in cost terms.

[spacedust] 01/12/2023 16:09

This will be 120p in no time. Next leg up will be a steep one. Looking to sell at 250p on 2024.

Looking to sell cey at 250 in 2024

[spacedust] 01/12/2023 16:08

Can't make this up. This dog behaves against gravity

[arja] 01/12/2023 14:17

precious metal prices retreat and HOC goes up - you know it makes sense :) . It is why it is better to trade the metals themselves using the charts as easier to lick next likely direction IMO

[arja] 01/12/2023 09:54

yes , gold price now challenging the 2050 level it his a few days ago and silver has uptrending chart although underperforms gold normally .

[spacedust] 01/12/2023 09:06

Silver rising and gold too.

Fres screaming and cey too.

This dog stalling what a shame

[arja] 01/12/2023 08:35

I think they mean that HOC is not a good day trading stock as FRES can be or they can not read the charts correctly :) . I trade but usually only the NO stamp duty stocks for obvious reasons .

[djb3] 30/11/2023 18:11

It's gone up nearly 30% in just over 6 weeks. Not sure anyone can moan, about a few weeks of consolidation.

[spacedust] 30/11/2023 16:30

Silver rising and this dog falling. Doesn't bode well.

Imagine if silver declines

[spacedust] 30/11/2023 16:17

I don't give monkeys about what's happened before. I am talking about last couple of weeks movement. Fres has gone from 500p to neat 600p.

Hic has stayed at 110p infact it's tanked now for no reason. Silver flying still

[sotolo] 30/11/2023 13:34

Spacedust, have you been eating too much of it, are you looking at the right chart, Hoc has way way out performed Fres over a month or two or over a year or two, in fact it has been so stratospheric it deserves and needs a few days breather. It should continue to outperform Fres as so much inc politics, Maria Rosa, Inmaculada and Pallancata exploration is all coming good

[spacedust] 29/11/2023 15:41

Fres was near 500p Monday. Now it's almost 600p.

Thus bag of shtt stuck at 110p for no reason and silver is screaming

[spacedust] 29/11/2023 13:32

Agree. Centamin and fres flying away. This dog stuck for no reason

[arja] 29/11/2023 09:58

I think I must agree and an old aussie mate of mine used to say " do the opposite of what an analyst or broker says and you will make heaps" . :) . In OZ , some brokers recommend a share to clients simply because they have a large position in a stock and want to offload - not in majors of course !

[spacedust] 29/11/2023 09:40

Rathkum no one gives a monkeys about peel hunt....

[arja] 29/11/2023 09:10

just perused silver chart as have not done so for along while and , although in short term uptrend , it has not performed anything like gold .

[arja] 29/11/2023 08:56

Sotolo,
yes , HOC does have a nice looking short term chart suggesting more in it . I see it has again pulled back intra day after a good start on back of gold hitting 2050 but retreated . O/t , RSG is picking up in lead market , OZ , and worth watching in UK as a no SD stock . But low volume and far from a quality gold stock - DYOR of course but I made 10% on it overnight . CEY not doing much either and pulling back !

[rathkum] 29/11/2023 08:34

Peel Hunt raises Hochschild Mining price target to 160 (100) pence - 'buy'

[sotolo] 28/11/2023 20:51

Arja, hos has soared last week so needs a pause as it is so ahead of other miners, I expect it will be off again tomorrow.

[sotolo] 28/11/2023 20:49

0arja this has been one of the fastest rising shares over the last year and about to enter ftse 250