Hochschild Mining Share Discussion Threads

[stevea171] 04/3/2024 09:14

2/3/24. Motley Fool. 2 dirt cheap FTSE 250 stocks I’d add to my ISA before April’s deadline!

Hochschild Mining (LSE:HOC) is one such stock on my radar today. The gold and silver producer — which has operations across The Americas — trades on a forward price-to-earnings (P/E) ratio of 6 times.

I think the potential benefits of owning Hochschild shares outweigh the drawbacks, and especially at current prices.

What’s more, I’m encouraged by the FTSE 250 firm’s plans to turbocharge production. After the successful first pouring of gold at its Mara Rosa in Brazil in February, group production is predicted at 343,000-360,000 gold equivalent ounces in 2024.
That’s up from the 300,749 ounces it recorded last year.

Hochschild has also targeted Brazil as a key growth pillar, and recently commented that “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“.

[stevea171] 03/3/2024 08:05

Friday 1/3/24. Gold $2082. +$42. There was a spike to $2150 on 4th December which was thought to be lift off but disappointment set in and has largely lasted until the past few days. The general public lost patience and has been liquidating gold ETF's and selling off miners. BUT ...... but ...... it looks like the 3 month consolidation of gold in the range mainly $2000 to $2050 is now over. We will see what happens in the coming week.

Alistair Macleod: There is massive demand from Asia, from Comex traders standing for delivery and from Central Banks. When gold goes over $2100 the market will start to take notice and realise they have no exposure, at the same time the market is very expensive, leading to a sell off in tech with gold and the miners being bought. But the public so far continues to take no notice. We might look back and see that this past week is the point at which it all turned.

Super Bull Market in Gold About to Start - Charles Nenner. The wait for this gold bull market is about over. “The dollar’s buying power could possibly be cut in half. . . . That’s the reason why we expect a super bull market in gold and silver when the cycle bottoms. He cautions there may be one last down turn before gold moves into this new super cycle proper.

Kitco gold price:

[stevea171] 01/3/2024 07:43

BRICS Finance Ministers Send Message to US - Burn the Dollar
Hal Turner. 29 February 2024.

Finance Ministers of the BRICS nations, Brazil, Russia, India, China, South Africa, met along with the Finance Ministers of other new BRICS member nations, in Sao Paulo, Brazil today.

Russia’s Finance Ministry along with the Central Bank of Russia will propose several new financial initiatives to BRICS. The proposal aims to improvise and change the international monetary and global financial system as we know it.

Russia will particularly focus on creating a new digital BRICS Bridge payment platform which will be a multisided option to the US dollar. The development is currently in draft and could be proposed at the next summit in October 2024.

The proposal will not only create a new BRICS digital platform but will also contain a set of financial initiatives and recommendations. The multisided digital payment platform aims to grow as an alternative settlement without the need for the US dollar. Russia will take the first step of de-dollarization by convincing the bloc to accept a new BRICS Bridge payment platform.

This new digital BRICS Bridge payment platform would replace the SWIFT system, used by the US and most other developed nations.

Once this new system is in place, the US will no longer be able to use the Dollar as a weapon for "economic sanctions."

[royalalbert] 28/2/2024 15:10

Gold on the up.

[stockhunters] 28/2/2024 15:08

silver selling off again

[stevea171] 27/2/2024 10:15

Hochschild Mining Eyes Brighter Future: Analysts Upbeat Despite Institutional Sell-Off
Wojciech Zylm. 25 Feb 2024

Discover the contrasting narratives surrounding Hochschild Mining as analysts project growth while institutions exhibit caution. Uncover the dynamic interplay of optimism and uncertainty in the precious metals sector.

As dawn breaks over the rugged landscapes that cradle the world's precious metals, a story of optimism and caution unfolds within the financial markets. Hochschild Mining (HCHDF), a beacon in the realm of precious metal extraction, finds itself at the center of a compelling narrative that juxtaposes bullish analyst forecasts against a backdrop of institutional sell-off. We embark on an exploration of this dichotomy, guided by the latest data and sentiment from the financial sector.

[pooldar] 27/2/2024 01:10

Drago.
Maybe Advfn removed them.
Metal charts on SLP bb have also disappeared.

[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.