Hochschild Mining Share Discussion Threads

[sotolo] 13/3/2024 07:38

So Steve your view, will the market look to promised jam tomorrow, or no dividend again today due to the heavy (and necessary) debt to replace lost ounces. Unfortunate this all happened just as interest rates soared, as posted over years mines were getting ages/running out and needed greater investment, at least they did that and have written off snip too to help pay for it. Sadly still being in a potentially precarious position they have done quite a bit of hedging. I hold as I like jam tomorrow?

[blackhorse23] 13/3/2024 07:37

Loss double to 43.5m

[stevea171] 13/3/2024 07:31

Hochschild Mining PLC
Preliminary Results

RESULTS FOR YEAR ENDED 31 DECEMBER 2023

Eduardo Landin, Chief Executive Officer of Hochschild, commented:

"I am pleased to report a robust 2023 performance. We made strong progress at our new Mara Rosa mine in Brazil, which is now in production, on time and on budget. Furthermore, we obtained a crucial permit at Inmaculada in Peru, ensuring an exciting, long-term future for the operation. We remain confident of a strong year ahead as we continue to execute our stated strategy of driving long-term production growth whilst reducing costs."

2023 Robust financial performance

§ Revenue of $693.7 million (2022: $735.6 million)[1]
§ Adjusted EBITDA of $274.4 million (2022: $249.6 million)[2]
§ Profit before income tax (pre-exceptional) of $53.5 million (2022: $24.3 million)
§ Loss before income tax (post-exceptional) of $43.5 million (2022: $25.8 million profit)
§ Basic earnings per share (pre-exceptional) of $0.02 (2022: $0.01)
§ Basic loss per share (post-exceptional) of $0.10 (2022: earnings per share of $0.01)
§ Cash and cash equivalent balance of $89.1 million as at 31 December 2023 (2022: $143.8 million)
§ Net debt of $257.9 million as at 31 December 2023 (2022: $175.1 million)

2023 Revised guidance achieved

§ All-in sustaining costs (AISC) from operations of $1,454 per gold equivalent ounce (2022: $1,448) or $17.5 per silver equivalent ounce (2022: $17.4) lower than revised full year cost guidance of $1,490-$1,580 per gold equivalent ounce ($18.0-$19.0 per silver equivalent ounce)
§ Full year attributable production of 300,749 gold equivalent ounces (25.0 million silver equivalent ounces)

2023 Exploration & Project Highlights

§ Mara Rosa project completed on time and on budget
o First gold pour achieved on 20 February 2024
o 5.5 million hours completed on the project without any loss time accidents

§ Option recently agreed to acquire the Monte Do Carmo project in neighbouring Tocantins state, Brazil

2024 Outlook

§ New Mara Rosa mine set to produce 83,000-93,000 ounces of gold at AISC of $1,090-$1,120 per ounce
§ 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

[theblackbaron] 12/3/2024 16:15

Frankly far happier in harmony gold than dealing with U.K. trolls

[trader465] 12/3/2024 11:52

Why? Was 2010-2012 before you had your official gender change?

[stevea171] 11/3/2024 10:55

Gold & Bitcoin At Record Highs Are "Huge Dollar No-Confidence Vote" - Rubino Warns US Financial Death Spiral Is "Inevitable & Imminent"

"...the market is speaking, and it’s concluding these currencies have a problem. Capital is flowing into the alternatives... it is a vote against the dollar. "

[stevea171] 11/3/2024 10:02

Sotolo. It's from a video interview a week ago with a cycles expert which I have brought up to date with gold being unleashed last week then added the rocketing of Bitcoin in the last para which is forecast to go to 6 digits in this move.

The Fed is now printing $1 trillion every 100 days adding to the $33 trillion of Government debt which is of course unsustainable. Even mainstream institutions are starting to publicly comment on this although they support the Government and normally would not want to rock the boat. So the $US is reaching a tipping point. The US$Index at 102.7 is in serious decline and forecast to fall to 70. That's 30% off the present level! The billionaires have sold billions of stock in their own companies in the past few weeks because they know what's coming.

The dollar is toast and huge funds are moving into the antidollar ie Bitcoin, gold and soon silver. People like you and I have waited years for something dramatic to reprice the PM's and break the suppression. It seems this is now just the start of significant moves for the dollar and gold/silver with Bitcoin leading the way.

[sotolo] 11/3/2024 08:28

thanks Steve, who was that quote from, one of the many pundit salesman?

[stevea171] 10/3/2024 21:56

Gold $2178. How high will gold and silver go? We could see gold and silver blow vertical soon. Gold was not allowed to go above $2,100 per ounce, and silver is not allowed to go above $26. . . . As long as the dollar is the world reserve currency . . . this control mechanism has stood.

When the dollar loses its world reserve currency status, gold and silver are going to blow vertical. Silver could go up three-fold in a single day, and that only starts the biggest bull market with gold and silver in history.”

“You cannot stop what is coming. The US dollar will be dethroned as the world’s reserve currency. Billionaires are front-running this trade. You can see it visually with Bitcoin. . . . Bitcoin is front-running what gold and silver are about to do this year. It will be much sooner than later. I think it could begin in March and into April. We are going to see gold and silver do a huge catchup game to what Bitcoin has been doing for years.”

Bitcoin is up 55% in the past month from $45,000. Keep in mind, when Bitcoin first started, it sold for less than a dollar per unit, and now, it's at an all-time high, eclipsing its previous high of $60,000 in 2021. It has just touched $70,000.

[theblackbaron] 09/3/2024 18:51

Frankly I wish it was 2010-2012 again

[arja] 08/3/2024 10:19

HOC is performing better than CEY but is a stock where stamp duty is payable ! which week spacedust ?

[spacedust] 06/3/2024 21:12

Yip it will keep going up until results day. So 120p by end of the week please

[qs99] 06/3/2024 14:25

POG still motoring, $ weakness helping IMO....HOC should be making some material hay IMO/DYOR

[nrc] 06/3/2024 10:09

Are we FINALLY going to pop & break up this time?

[spacedust] 06/3/2024 09:05

It will now go up everyday until results day. Could we get the daily chart up please. Taa

[spacedust] 06/3/2024 08:39

Need a finish above 120p

[qs99] 06/3/2024 08:28

Market slowly waking up to the opportunity here? DYOR

[stevea171] 06/3/2024 07:25

6 March 2024
Notice of Results and Investor Presentation

Hochschild Mining PLC (HOC.LN) (OTCMKTS: $HCHDF) ("Hochschild" or "the Company") will announce its Preliminary Results for the year ended 31 December 2023 on Wednesday 13th March 2024.

Eduardo Landin, CEO, will provide a live presentation via the Investor Meet Company platform at 10.45am GMT on Wednesday 13th March 2024.

[stevea171] 05/3/2024 09:54

Cerrado Gold Inc (TSXV): OPTION AND LOAN AGREEMENTS WITH SUBSIDIARY OF HOCHSCHILD MINING PLC FOR THE SALE OF THE MONTE DO CARMO GOLD PROJECT FOR TOTAL CONSIDERATION OF US$60 MILLION (C$80 MILLION)

Proposed Transaction expected to strengthen balance sheet and addresses lack of funding available to development projects in the junior mining sector

Company will be well-positioned to sustain production rates and drive future growth via its operating Minera Don Nicolas gold mine in Argentina and completing a feasibility study at its Mont Sorcier iron development project in Quebec capable of producing 67% DRI grade iron concentrates

Transaction Highlights:

US$15 million 10% interest-bearing secured loan (“Signing Loan”) entered into effective on the date of news announcement (March 4, 2024), advanced in cash as follows:
US$7 million advanced by the Purchaser on the date of this announcement;
US$1 million to be advanced 60 days after the date of the First Advance; and
US$8 million to be advanced within two days following the mailing to Cerrado shareholders of the management information circular to be prepared in connection with the meeting of Cerrado shareholders at which management would seek the Cerrado Shareholder Approval.

Upon obtaining the Cerrado Shareholder Approval, the Signing Loan shall be deemed to be repaid in full by Cerrado and the amount of the Signing Loan shall be applied as part of the Consideration (as defined below).
US$10 million in cash, payable within 5 days of the date on which the Purchaser gives written notice of its exercise of the Option to Cerrado, or by March (16), 2025.
US$20 million which together with the Signing Loan and the Second Payment, the (“Consideration”) in cash payable upon either: (i) if necessary, the approval of the Proposed Transaction by Hochschild shareholders, which is to occur no later than June 30, 2025; or (ii) if Hochschild shareholder approval is not required, by no later than March 30, 2025.

In addition, Amarillo will make the following additional payments following the acquisition of the Project:
US$10 million in cash payable within 14 days of the second anniversary of the date on which Cerrado shareholders approve the Proposed Transaction (the “Second Anniversary Payment”); and
US$5 million in cash payable within 14 days of the earlier of: (i) the commencement of commercial production from the Project; and (ii) March 31, 2027 (the “Production Payment”).

Location: Tocantins, Brazil

[qs99] 05/3/2024 08:27

Nice RNS

Gold at $2100 and HOC hardly really moved, or CEY for that matter. Have bought a load more this morning as prices are just not IMO reflecting lower energy costs OR the materially increased POG.

DYOR

[stevea171] 05/3/2024 08:26

Monte Do Carmo project. This is a perfect fit for HOC pivoting away from Peru, perfect timing and bargain price potential gold acquisition. It is another potential 100k oz pa, low cost AISC $687 gold mine in Brazil with huge exploration upside. Recent Feasibility Study dated 31 October 2023.

It is in the neighbouring state to Goias where HOC's Mara Rosa 100k oz pa, low cost gold mine has recently begun operations.

[stevea171] 05/3/2024 07:53

Farrugia. Should be good for both parties.

05/03/2024 7:00am
RNS Regulatory News
Option to acquire Monte Do Carmo project, Brazil

Hochschild Mining PLC ("Hochschild" or the "Company") (LSE: HOC) (OTCQX: HCHDF) is pleased to announce that its wholly-owned subsidiary, Amarillo Mineração do Brasil Ltda. ("Amarillo Mineração") has entered into an option agreement and certain ancillary agreements (the "Agreements") with Cerrado Gold Inc. ("Cerrado") (TSXV: CERT) (OTCPK: CRDO.F), pursuant to which Cerrado has granted Amarillo Mineração the option (the "Option") to acquire a 100% interest in Cerrado's Monte Do Carmo Project (the "Project") located in the mining-friendly state of Tocantins, Brazil.

The Project, comprising 21 mineral concessions encompassing 82,542 hectares, hosts multiple identified gold targets along a 30km mineralised trend, including the principal Serra Alta gold deposit, which hosts a Measured and Indicated resource of 1,012koz gold and Inferred resource of 66koz gold and was the subject of a Feasibility Study dated 31 October 2023. The Project benefits from significant existing site infrastructure including year-round access via a paved highway and close proximity to the Isamu Ikeda hydropower plant. Permitting is substantially advanced, with the Environmental Impact Assessment approved and the Preliminary Licence granted by the Tocantins state environmental agency in May 2023.

In consideration for entering into the Option, Amarillo Mineração has agreed to advance to Cerrado an amount equal to $15 million by way of 10% interest-bearing secured loan (the "Signing Loan") and has committed to incur a minimum of $5 million in exploration expenditures at the Project during a 12.5-month period ending on 19 March 2025 (the "Option Period").

[farrugia] 05/3/2024 07:42

This Cerrado transaction is music to my ears as I hold a small stake in Cerrado Gold which has been beaten to a pulp by the markets.

[rathkum] 04/3/2024 14:03

Gold Miners

Shares in gold miners look over-sold following a drop in gold prices on hawkish Fed comments and a stronger U.S. economy, presenting buying opportunities on several equities, Berenberg said.

"Valuations are depressed but we think quality names can re-rate in the right macro backdrop, which we expect to come this year," Berenberg said.

It highlighted London-listed Endeavour Mining, Centamin and Hochschild Mining as attractively valued on the expectation that gold prices remain supported and will move higher through the year.