Hochschild Mining Share Discussion Threads

[stevea171] 26/2/2024 18:55

ACLARA SECURES 100% OWNERSHIP OF THE CARINA MODULE MINING RIGHTS

TORONTO, ON, February 26, 2024 – Aclara Resources Inc. is pleased to announce that the second tranche of the earn-in agreement has been fulfilled, thus securing 100% ownership of the 8,490 hectares of mining rights comprising the Carina Module.
On November 6, 2023, the Company had previously executed the first tranche of the earn-in agreement securing an initial 51% ownership interest.

[stockhunters] 26/2/2024 09:28

silver collapsing

[tuscan4] 25/2/2024 11:00

unfortunate typo mistake. AISC is $1090 to $1129 not $2005

[stevea171] 25/2/2024 09:38

Friday, Feb 23, 2024. London's Hochschild Mining pours first gold at Brazil's Mara Rosa project.
Company leaders speak with workers at the Mara Rosa operation last week. Photo credit: Hochschild Brazil.

The British company Hochschild Mining PLC had its first gold pour at Brazil’s Mara Rosa mine this week and will commence with commercial production by the end of H1.

The operation, located in the state of Goias, is expected to produce about 88,000 ounces this year with all-in sustaining costs around US$2,005 per ounce. A 2018 pre-feasibility study indicated that the site contained about 1.1 million ounces of proven and probable gold grading at 1.4 g/t Au.

“The first pour is a testament to the hard work done by all our employees, contractors and local communities who have enabled us to construct this exciting operation on schedule and on budget,” Chief Executive Officer Eduardo Landin said.

[onedayrodders] 23/2/2024 08:12

https://www.mining.com/hochschild-pours-first-gold-at-mara-rosa-mine-in-brazil/

[drago] 21/2/2024 20:52

Anybody know whatever happened to the lovely gold and silver charts that used to be on this and othrr bbs

[rathkum] 21/2/2024 18:03

IC coment

Hochschild pours first gold from Mara Rosa

A new mine built on time is worthy of applause. Hochschild Mining (HOC) has poured the first gold brick from its new Mara Rosa operation in Brazil, after a quick build process. Commercial production is expected by the end of June. The new mine, outside its home country of Peru, will provide Hochschild with 83,000-93,0000 ounces of gold this year.

Last month, the company set its 2024 guidance at 343,000-360,000 gold equivalent ounces, up from the 300,000 gold equivalent ounces in 2023. Peel Hunt analysts said the mine reaching full production could bring on another positive announcement from Hochschild management: “As Mara Rosa settles into its production rhythm and management completes spending on that site, we suspect that Hochschild will start paying dividends again,” they said.

[stevea171] 21/2/2024 17:49

T-h. That's not my view. That was the CEO's view in a CC late last year. They have had 2 years to look at the historical drilling and commence their own exploration campaign.

Landin thinks there is another million oz to be found near mine. But they have 10 years mine life already so don't need to do too much just now!

[t_headder] 21/2/2024 17:08

Wouldn't count on expanded reserves at mara Rosa, stevia. Look at the acquisition presentation, surrounding grades are terrible. Also, from memory, acquisition cost was also, 100m?

[blackhorse23] 21/2/2024 15:28

Orgasm finished lol

[stevea171] 21/2/2024 14:41

Mara Rosa. 100k oz gold pa. Cost $200 million.
2024 guidance: 83,000-93,000 ounces of gold at AISC of $1,090-$1,120 per oz
Commercial production in Q2/24.

Video:

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.

[stevea171] 21/2/2024 10:51

Today's announcement of start up and first gold pour at Mara Rosa is a massive boost to HOC. This is a brand new mine with a minimum life of 10 years but exploration is likely to perhaps double resources to extend the mine life further.

Taken with Inmaculada's Environmental Permit extension for another 20 years last August HOC is now set fair for the foreseeable future. Royropata permitting is on-going which will add another 100k oz pa when approved using the existing Pallancata processing facility.

Canaccord Genuity have today upped their target from 145p to 160p.

[stevea171] 21/2/2024 09:06

BMO GLOBAL METALS AND MINING CONFERENCE
Sunday, 25 February 2024 - 28/02/2024. Event location Miami

2023 FULL YEAR RESULTS
Wednesday, 13 March 2024

[stevea171] 21/2/2024 07:36

21 February 2024
First Gold Pour at Mara Rosa

Hochschild Mining PLC (HOC.LN) is pleased to announce that the first gold pour has been achieved at the Mara Rosa Mine in Brazil. The first pour took place yesterday on 20 February.

Mara Rosa is Hochschild's first Brazilian operation and is located in the state of Goias. The project remains on schedule with commercial production expected towards the end of the second quarter of 2024. Mara Rosa is expected to produce between 83,000 to 93,000 ounces of gold in 2024 at an all-in sustaining cost of between $1,090 and $1,120 per ounce.

As announced at the 2023 Capital Markets Day, Brazil represents a key growth opportunity for Hochschild as the Company continues to execute its strategy of increasing production while reducing costs. Mara Rosa will provide near-term production at a significantly lower cost, with strong potential to find additional resources through the Company's brownfield exploration programme.

Eduardo Landin, Chief Executive Officer said:

"We are all very proud of the team for delivering Brazil's newest gold mine. Mara Rosa will be a low-cost operation that will create significant value for all our stakeholders. It plays an important part in our stated strategy of increasing production and reducing costs in the coming years. The first pour is testament to the hard work done by all our employees, contractors and local communities who have enabled us to construct this exciting operation on schedule and on budget. With this milestone behind us, we are now focusing on completing the ramp up of the processing plant to achieve commercial production. In addition, our brownfield team is continuing its programme to further grow the resource base at a number of targets in the region."

Mara Rosa video::

[stevea171] 20/2/2024 21:44

Argentina. Annual inflation in Argentina hit a three-decade high of 254% in January.

[stevea171] 20/2/2024 18:39

Thanks Nilla. Hope you do well.
Still plenty of resistance in the PM space. Just need the stars to align, some pixie dust and us all to hold onto our rabbit's feet ..... !!

Last 3 months the HOC chart has been just staying above or bouncing off the 200 day SMA. Decent volume today and at close. News tomorra?!

[nilla159] 20/2/2024 15:45

Hi Steve, thanks once again for your valued input onto this thread.I have also topped up on Hoc.The next few months should be very interesting in my opinion and hopefully profitable to boot.

[m w] 16/2/2024 16:02

A good game been played here should be over £1 now with news eminent on the first pour from their new mine

[stevea171] 16/2/2024 10:16

Silver back to $23, gold back above $2000 again.

[stevea171] 16/2/2024 09:53

Mara Rosa's first gold pour is to be within the next 2 weeks according to HOC's forecast made only 3 weeks ago. So we should see an announcement next week or the week after. The new CEO is unlikely to make such a forecast unless he is certain he can hit this target.

24/1/24. HOC Q4 Production report:
"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%."

[rathkum] 15/2/2024 12:56

Rómulo Mucho, new Minister of Energy and Mines – Energiminas
February 15, 2024

The current director of Institute of Mining Engineers of Peru (IIMP)Rómulo Mucho will be the new Minister of the Energy and Mines portfolio, replacing Óscar Vera. Born in A lots of, graduated as a mining engineer from the National University of the Altiplano. Subsequently, he worked since the 1980s in various mines, including Tintaya and Hochschild Mining.

In the years 2005 and 2006, during the Government of President Alejandro Toledo, he held the position of Vice Minister of Mines.

Much is a well-known figure in the sector and a defender of modern mining. “We must make the population understand that mining is important, that it is the main engine of the economy, and now with family farming that needs support. Many projects can come together with agricultural exports. This had been advancing at a rate of 10% to 15% annually, today it has stopped”he recently commented to a media outlet.

He stated that a solution to get out of the economic recession is to unblock mining projects. Among the projects that hope to see the light during these months are: Antamina Replacement, Raura Replacement, Romina, Huancapetí Expansion, Tantahuatay Replacement, Chalcobamba Phase I, among others.

Minem has a portfolio of 70 mining exploration projects valued at US$521 million, which are located in 16 departments. Among them, La Zanja, Quicay II, Picha, Tambomayo and Soledad stand out. Peru remained the second largest producer of copper and zinc globally. Furthermore, at the Latin American level, it consolidated itself as the leading producer of zinc and tin.

[rathkum] 14/2/2024 18:05

President Dina Boluarte announced a reshuffle of her Cabinet that involved changes in the leadership of key ministries of Economy and Energy and Mines, as the country seeks to emerge from an economic recession. The Ministry of Economy and Finance will now be led by José Arista, who had already held the post briefly in 2020 as part of the Cabinet of former President Manuel Merino. Meanwhile, Rómulo Mucho was sworn in as the new Minister of Energy and Mines of the world's second largest copper producer, replacing Óscar Vera, and will have the challenge of facing the recovery of a sector historically weighed down by social conflicts. After that, Gonzalo Tamayo, former Minister of Energy and Mines, welcomed the appointment of Eng. Mucho Mamani.

"It is an excellent decision because Rómulo Mucho is a specialist who knows the mining sector very well and who I am sure will promote the projects that are about to come out and move forward with the process of improvement in the regulation that has not yet been completed," he said exclusively to Rumbo Minero.

The also partner of Macroconsult added that Mr. Mucho "also clearly understands the possibility of coexistence between the use of the natural resources of mining and hydrocarbons with the environment and the communities."

For his part, Pedro Gamio, former Deputy Minister of Energy, remarked that the current head of Minem, Rómulo Mucho, "is a first-rate professional with extensive experience in the mining sector. I am sure that he will give the best of himself to relaunch a sector that is very important to provide resources to the State and for Peru to be empowered within the fourth industrial revolution."

Meanwhile, Arturo Vásquez, also former Deputy Minister of Energy, mentioned that "the appointment of Mr. Rómulo Mucho is appropriate given his vast experience in the mining sector. He knows well what has to be done to reactivate different projects, in addition to working on the unblocking that has to be done in different public entities and above all he has a management of the social part". "He has been promoting a lot the coexistence between agriculture and mining. That's very good news. It is clear that the government has realized that without mining we will not be able to reactivate the economy," he emphasized.

[stevea171] 14/2/2024 10:19

Another week closer to Mara Rosa start up. We are now half way through Q1 so can't be too much longer to wait ....

Gold take down yesterday with the dollar going the other way on the back of US inflation figures. This is the first time gold has gone sub $2000 in 2 months and it has spent almost the entirety of the past 3 months above $2000. I would expect it to be bouncing back within a few days. Just noise. Gold will be heading much higher this year imo.

I have topped up my HOC holding today.