Hochschild Mining Share Discussion Threads

[cinoib] 08/4/2024 14:06

stevea171. Sorry late answering but been busy. Is doing ok, now in full production and grow spuds, carrots and broccoli in winter as is not cold, but I wish it was a bit colder as makes it difficult to keep stuff through the winter so grow 2 crops instead now. Is a bloody site warmer than U.K. as will be lifting spuds in about 3 weeks or less.

[djb3] 08/4/2024 12:17

Blackhorse238 Apr '24 - 11:41 - 23178 of 23179
0 0 0
Time to get out with profit lol , switching to GNC

Something you rarely manage...

[knocknock] 08/4/2024 11:58

Don't think anyone's listening. Or cares

[blackhorse23] 08/4/2024 11:41

Time to get out with profit lol , switching to GNC

[knocknock] 08/4/2024 11:02

Nice action.

[stevea171] 07/4/2024 19:02

Peter Schiff. The mainstream media has finally noticed gold, but has no idea why it's rising, or has any appreciation for how high it's going.
They're also not encouraging anyone to buy it. All of this is a good sign that the rally still has a long way to go before any meaningful correction.

[stevea171] 07/4/2024 08:15

New ISA allowance for 24/25 of £20k from Monday.

[stevea171] 05/4/2024 20:55

Maybe this time will be different?!
A lot of catching up to do.

How About 20x-50x Your Investment?
This is the opportunity of a lifetime. Many miners will do 20x-50x.

Gold investors have been so beaten down.
People have forgotten what has happened in the past with gold bull markets.
So no one believes any more that such predictions are possible.

Martin Armstrong: “Gold prices go up when confidence in government goes down. . . I expect the gold price will be at least around the $5,000 per ounce level by 2027 or 2028.”

[p18rno] 05/4/2024 20:18

Knock knock been on the jd again

[knocknock] 05/4/2024 16:54

More big trades at the end of play. These are not uc trades either. Been going on for a fortnight.

[petebreeze37] 05/4/2024 16:10

Gold to silver us at an unheard of ratio of 95 to 1. Silver in theory should be much higher

[stevea171] 05/4/2024 08:48

Kk. Year end target prices for HOC all depend on the price for gold and silver.

Gold now is at an ATH but silver no where near its $50 ATH. If silver is $50-100 by year's end as I expect HOC and other silver miners could be multiples of their present prices and yes, £3 or more is possible!

[knocknock] 04/4/2024 22:07

Watching the trades I believe there are big buyers out there. Keep filling the boots as these prices will not hold. I've held here for a good few years and traded well. Tranches at £1.28 down to 68p if ever there was a stock so undervalued it's HOC and I'm happy to look at my positions when £3 comes knock knocking before years end. Ramp and enthusiasm intended. DYOR nai

[stevea171] 04/4/2024 18:14

A ton of loyal SHG PI's who were remaining to see the vote result today will exit in the coming weeks and some more may come here.

[stevea171] 04/4/2024 18:06

LSE: "Oh well we have tried. Topped up my SRB THX EDV and bought new positions in PTAL, FRES and HOC. its a shame but theres many more out there. Good luck all its been a pleasure"

I have a reasonable holding in SRB too, but held off diversifying further until the result of this fiasco was confirmed.

[stevea171] 04/4/2024 17:57

3.40pm. SHG announced the takeover vote was passed. PI's who had been holding on hoping for rejection of the paultry offer started to sell en mass and a ton of money came here!

I was a large holder when the offer was made just before Xmas but exited in dribs and drabs from January when I took the view that a bidding war would not emerge and Shanta (sadly) was a gonna!

Yet another LSE listed gold miner will be delisting now in due course.

[petebreeze37] 04/4/2024 16:16

WTF, 4p jump

[stevea171] 03/4/2024 19:41

Silver $27.05. Highest since 2021. So that's another $ since yesterday but a break above $28 is the key level and what we are all waiting for.
Gold $2297.

[stevea171] 02/4/2024 20:47

Silver $26.08. FRES was up 7.5% today on silver now following gold's rise.

[stevea171] 02/4/2024 17:37

If this new Mines Dept process is applied to Royropata the permit could be issued H2 this year followed by development and production of 100k oz silver/gold pa next year. 2 years ahead of guidance! Let's hope Soto can deliver.

We could do with the Chilean Mines Dept streamlining their permitting process along the same lines as Peru for Aclara's RE Penco Module. If this were to happen, Penco could be approved this year with construction next year and first production thereafter.

HOC is a Peruvian miner but has been forced to look to build new mines out of the country because of the chaos, agro, and exorbitant length and complexity of the permitting process in Peru. Now Brazil is first choice for HOC with Mara Rosa to be likely followed by Monte do Carmo.

[rathkum] 02/4/2024 14:33

Wonder if this would speed up the environmental permitting process for Royropata

The head of the mining department, Jorge Soto, said the ministry is holding meetings with Senace, water authority ANA, forestry service Serfor, protected areas service Sernanp, state agency Ingemmet, the culture ministry and others, to expedite second stage procedures. It aims to complete the process this month.

Soto said in an interview with the Institute of Mining Engineers that the second stage will focus on optimizing internal processes and reviewing legal issues under the current regulatory framework.

Regarding the first stage, focused on exploration, Soto highlighted that it has been possible to reduce the permit review time from 234 to 40-50 days and that procedures for up to three projects should be approved each month.

[stevea171] 02/4/2024 08:00

March 31, 2024. Draft decree allows miners in Peru to exceed daily installed capacity by 10%.
The Peruvian Ministry of Energy and Mines (Minem) presented a draft Supreme Decree to allow miners to increase their daily authorized production by up to 10% without applying for new permits.

Currently, excess production can reach up to 5% of the total allowed and if miners go over that limit, they have to pay a validation fee.

[stevea171] 02/4/2024 07:42

HOC offloading Crespo project. It was decided it would not be of a scale HOC would want to invest in for development. $15 million. Thanks very much. With more to come from the likes of Volcan!

2 April 2024
Sale of Crespo project for $15 million

Hochschild Mining PLC is pleased to announce that it has completed the sale of its Crespo project in southern Peru to Kina Mining Peru SAC (related to the Apumayo SAC Group). Under the terms of the agreement, the Company will receive $15 million as a non-refundable cash payment and a 1.5% Royalty Net Smelter Return (NSR) over the project with Kina also assuming any future associated liabilities.

Eduardo Landin, Chief Executive Officer of Hochschild, commented:

"The sale of the Crespo project is consistent with our stated strategy of disciplined capital allocation and focusing on our core assets such as the Company's flagship Inmaculada mine and the new Royropata project, both in Peru, as well as the recently-completed Mara Rosa mine in Goias, Brazil."

[rathkum] 01/4/2024 21:03

Hochschild Mining: Undervalued Mid-Tier Gold/Silver Producer
Apr. 01, 2024 9:03 AM ETHochschild Mining plc (HCHDF) StockHCHDY
Don Durrett

Summary

Hochschild's risk-reward has improved due to resolved permit issues, improved long-term costs, strong pipeline, and increasing gold prices.

The company has the potential to grow production and generate significant free cash flow over the next 3-5 years.

Hochschild's current valuation presents a significant upside potential of 600% if gold prices reach $3,000.