Hochschild Mining Share Discussion Threads

[wisteria2] 25/1/2024 16:17

A decent rise in the value of silver and HOC will smash its debt...

[wisteria2] 25/1/2024 16:13

Gold imv has still got some upside over this year, and silver seems to have been relatively flat so is overdue a rise. Precious metals are vogue because of the terrible wars sparking up around the globe, and the cost to humanity is grim.

[arlington chetwynd talbott] 25/1/2024 14:44

The set up here does seem promising, whether you are a trader or an investor.

[stevea171] 25/1/2024 09:06

2023 production: 300,749 GEO
2024 guidance: 343,000-360,000 GEO

So approx 17% increase in production is expected this year.

[stevea171] 25/1/2024 08:23

Debt should start to come down when commercial production is declared at Mara Rosa in Q2.

The CEO in the CC yesterday added that all the HOC experts who brought in Inmaculada in 2015 with start up, first pour and commercial production all without problems and very close together, well ahead of expectation, are on site at Mara Rosa and have been involved in the build and all the activities there.

So I am expecting that HOC will beat its conservative forecasts here likewise.

cf Shanta's recent Singida mine start up.

8 Sept 2015 Hochschild Achieves Commercial Production at Inmaculada

Hochschild Mining plc is pleased to announce the declaration of commercial production at its Inmaculada mine, located in south west Peru. The first production of dore was announced on 5 June 2015 and approximately 25,000 oz of gold and 622,000 ounces of silver have been produced to date, a portion of which was produced during the ramp-up and commissioning phase.

[amazoner] 25/1/2024 07:39

guys, how would hoc repay the debt? not enough cash generated organically yet

[stevea171] 24/1/2024 11:39

2023 AISC expected to meet revised guidance of $1,490-1,580 per GEO.
2024 guidance: $1,510-$1,550 per GEO.

How is this possible when high cost Pallancata is closed Q4/23 and replaced by low cost Mara Rosa in Q1/24?

Maybe this has something to do with it. Inflation Rate in Argentina increased to 211.40 percent in December from 160.90 percent in November of 2023. FRES today is commenting on the extra costs of $180 million combined for devaluation of the Mexican peso and local cost of inflation which is nothing cf Argentina.

[stevea171] 24/1/2024 10:39

Canaccord initiates coverage. 14 Dec 2023. TP 145p.

The Canadian bank reckons that the first gold pour and commercial production at Mara Rosa should provide two strong near-term potential catalysts for Hochschild in the first and second quarters of 2024 respectively.

[juju44] 24/1/2024 09:57

Bought back in here this morning

[juju44] 24/1/2024 09:57

Bought back in here this morning . Lookin good

[wisteria2] 24/1/2024 09:53

nilla, Quite astonishing really, coming on stream next month, and this year hopefully see a decent rise in the value of silver. gla holders

[stevea171] 24/1/2024 09:30

Mara Rosa (Brazil) 100k oz gold pa from February. Cost $200 million.
2024 guidance: 83,000-93,000 ounces of gold at AISC of $1,090-$1,120 per oz

Video:



The videos are from last year showing construction progress. First gold pour is now just a few weeks away. Commercial production in Q2/24.

CEO says that the processing facility has been designed with 'gaps' to accomodate new installations to increase production capacity from 100k oz pa by 10 or 20% if exploration for new resources is successful.

It is thought that another 1 million gold oz may be discovered from near mine drilling.

[sotolo] 24/1/2024 09:00

Yes, heavy investment in Mara Rosa but it starts producing next month and at an aisc a stunning quarter below our expensive other mines so a v necessary investment which should return the company to one that is investible which it hasn’t been the last 4 years, to which 4 fold fall in share price attests. Now this massive investment is helping put us back on the recovery road, if not helping the balance sheet

[blackhorse23] 24/1/2024 08:25

Debt is double & cash is half

[nilla159] 24/1/2024 08:17

For those not experienced in investing,todays production report is a buy signal.IMO.

[stevea171] 24/1/2024 08:13

24 January 2024
Production Report for the 12 months ended 31 December 2023
Eduardo Landin, Chief Executive Officer said:

"Our operational team delivered a robust performance in the fourth quarter of 2023, and we have therefore ended the year at the top end of our revised production guidance with costs anticipated to be in line with expectations. I am also very pleased with our safety and environmental performance, where we achieved our best results in recent Company history.

In Brazil, we are in the final stages of the Mara Rosa project's construction and commissioning phases and are looking forward to the first gold pour in February. This exciting new mine forms a key part of our recently announced growth strategy and is set to enable Hochschild to increase output this year by over 15%."

Operational highlights

-- Full year attributable production ([1])
o 186,091 ounces of gold
o 9.5 million ounces of silver
o 300,749 gold equivalent ounces at the high end of revised guidance of 289,000-303,000 ounces
o 25.0 million silver equivalent ounces
-- 2023 all-in sustaining costs expected to meet revised guidance of $1,490-1,580 per gold equivalent ounce ($18.0-19.0 per silver equivalent ounce)

Project highlights

-- Mara Rosa project is 99.8% complete with first gold pour expected in February
o On time and on budget
o 5 million hours completed on the project without any loss time accidents

Financial position

-- Total cash of approximately $89 million as at 31 December 2023 ($144 million as at 31 December 2022)
-- Net debt of approximately $252 million as at 31 December 2022 (net debt of $175 million as at 31 December 2022)
-- Current Net Debt/LTM EBITDA of approximately 0.97x as at 31 December 2023, improved from 1.12x in September 2023
-- Zero cost collar executed for 100,000oz of 2024 gold production from Inmaculada an average floor of $2,000/oz and an average cap of $2,252/oz

Growth in 2024

-- New Mara Rosa mine set to produce 83,000-93,000 ounces of gold at AISC of $1,090-$1,120 per oz
-- Overall production target:
o 343,000-360,000 gold equivalent ounces
-- All-in sustaining costs target:
o $1,510-$1,550 per gold equivalent ounce
-- Total sustaining and development capital expenditure expected to be approximately $171-178 million

[nilla159] 24/1/2024 08:09

Mara Rosa mine 99.8% completed,
5 Million hours spent on this project,
On Time and On Budget,
Not many can say that these days,Well done Hoc.

[nilla159] 23/1/2024 14:43

Production report out tomorrow wed 24th Jan, and hopefully an update on Mara Rosa The new mine in Brazil.

[wisteria2] 22/1/2024 16:28

Silver overdue an increase in value so hopefully that will spark the uplift in the rising trend.. gla

[cassini] 18/1/2024 17:12

Well, we just hit the uptrend line...

[dogwalker] 11/1/2024 21:20

Yes but not necessarily.In particular for pm miners. Here, HOC's share price is only 'drifting' back to its uptrend line at...c.85.5p.

[nilla159] 11/1/2024 17:37

That's 8 straight days in a row that the share price of Hoc has gone down.
Seems to be a market correction underway. That is everything is falling, a poor start in January is a bad omen for the year historically.

[stevea171] 09/1/2024 10:08

24/1/24. Q4 2023 Production Results.

9/1/24. Berenberg raises Hochschild Mining price target to 140 (130) pence - 'buy' ... Hochschild Mining PLC, 91.85 GBX.

[stevea171] 27/12/2023 22:07

Serra Verde is another RE project also in Goias, Brazil. They have spent years in exploration & development, have a mine and processing facility built with US funding costing some hundreds of millions of dollars and is now starting up production.

This project is extracting RE's from near surface clays plus processing as are Aclara's but a few years ahead. It is proof that all regulation processes through to production have been obtained and should also be available to Aclara for its Goias project.

Serra Verde receives operating license for Brazil rare earths project
Published: Tuesday, December 26, 2023

"Receiving the LO means that Serra Verde has received all the necessary regulatory approvals to operate its project, and can now complete the commissioning and put into operation by the end of this year phase I of the mine and the production plant... starting commercial production," the company said in a statement on Friday.

[stevea171] 27/12/2023 21:47

Executive interview: Ramón Barua Costa, CEO, Aclara Resources
Global Business Reports | December 26, 2023