Hochschild Mining Share Discussion Threads

[nrc] 30/10/2024 21:01

Blistering potential!

[stevea171] 30/10/2024 18:24

This project has the potential to be bigger than Mara Rosa with similar low AISC around $1000 oz.
The exploration upside is enormous that Cerrado never had the funds to unlock. Hosts multiple identified gold targets along a 30 km mineralized trend. A million oz is enough for initial development here as was proven up for Mara Rosa.

Remember Cerrado were hoping to raise the funds to proceed with development on the back of their 2023 Feasibility Study but the backing was not there and Cerrado was stretched with too many projects.

The CEO is now forecasting 2 year development to start in 2026. For me they should be aiming to start next year with first gold in 2027. With the current gold price HOC can pay down most of the debt next year as well as start funding this new development incurring only moderate new debt as before.

Hochschild Mining grows Brazil portfolio with Monte Do Carmo project. Cecilia Jamasmie | October 30, 2024

Exploration at Monte Do Carmo gold project. (Image courtesy of Cerrado Gold.)

The Monte Do Carmo project holds 21 mineral concessions over 82,542 hectares, and hosts multiple identified gold targets along a 30 km mineralized trend. These include the Serra Alta gold deposit, which has measured and indicated resources of 1,012k ounces of gold and inferred resources of 66,000 gold ounces and was the subject of a feasibility study in October 2023.

According to the study, Monte Do Carmo can generate an annual average output of 95,000 gold ounces during a nine-year life. Initial capex is estimated at $262 million and at a $1,750/ounce gold price, the payback should happen in just over two years.

[knocknock] 30/10/2024 14:01

Managed to purchase 2 additional tranches at a touch over 232 and a touch under 232. Happy with that and looking forward to the continued ride here at HOC

[petebreeze37] 30/10/2024 13:33

Might be worth waiting before diving in again. The market makers like making large swings but a buying op coming up soon . Imo

[petebreeze37] 30/10/2024 12:22

I can't see any movement here until the elections are well over.

[hunter154] 30/10/2024 11:04

I really like the diversification out of Peru.
They have shown that they are able to execute and build in Brazil on time and budget.
This is a growth company that not too many are focussed on.
PCF of ca 6 for 25 and 26 ( probably lower given the forecasts are not at $2800 au/ $35 ag).

Looking at technicals, 2.40-270 is hard resistance and then we could shoot to 320 odd, which we have hit a few times in the last 6-7 years. Its blue sky once we clear 325.

Those of us that have held thru the implosion due to Inmaculada issues in 22/23 will get handsomely reward in the next 1-2 years.

Good luck to all.

[theoracleofomaha] 30/10/2024 10:59

Wonder if Cerrado regret selling monte do carlo for 60m usd, back when gold was trading at around $2000.

The gold hedges may have been at an unfortunate time but monte timing was lovely.

[putinaire] 30/10/2024 10:34

No such thing as news being an share price mover if there were no boys spotted prior

[stevea171] 30/10/2024 10:33

Monte do Carmo. Closing is expected to take place on 5 November 2024 subject to satisfaction of the aforementioned conditions. A separate announcement will be made once the Closing has taken place.

Following completion of the Transaction, the ongoing drilling programs will target expansion of the resource base.

[fieldhouse] 30/10/2024 09:02

It is good news, but has created cost uncertainty .

[nrc] 30/10/2024 08:22

Oh, that is encouraging news.
Thanks Steve!

[stevea171] 30/10/2024 08:14

Great news!

30 October 2024
Exercise of Option to Acquire Monte Do Carmo Project

Further to its announcement on 5 March 2024, Hochschild Mining PLC is pleased to announce that its wholly-owned subsidiary, Amarillo Mineração do Brasil Ltda. has, pursuant to an option agreement entered into on 5 March 2024, exercised its option to acquire a 100% interest in the Monte Do Carmo Project from Cerrado Gold Inc. The Project is located in the mining-friendly state of Tocantins, Brazil.

Eduardo Landin, Chief Executive Officer of Hochschild, commented:

"Following the successful commissioning and ramp-up of Mara Rosa, I am delighted that we have been able to move the Monte do Carmo project, in the neighbouring state of Tocantins, from option status to a fully integrated part of our project pipeline. We have conducted an extensive exploration and twin drilling programme which has returned encouraging results giving us confidence in our ability of defining a compelling project. We believe that we have the right team in place to deliver an exciting opportunity for all stakeholders."

Since the Option Agreement was entered into in March 2024, the Company has executed a 1,704m twin hole drilling programme which has validated the deposit's mineral resource estimate. In addition, the Company has conducted a 4,806m resource drilling campaign across five prospective mineralisation zones. The campaign has already incorporated additional gold resources which confirm the strong geological potential of the Project.

The Company has also devised an exploration plan across seven new targets that will commence in November 2024. Furthermore, it is currently anticipated that, with the twin hole exploration results, further upside from additional drilling and several engineering optimisations already identified, the Company will be in a strong position to reach an eventual construction decision.

Following completion of the Transaction, the Company's programme at the Project is expected to include:

· Ongoing drilling programs to expand the resource base

· Advance installation license for the main project

· Conduct any additional environmental analyses as identified during due diligence

· Develop the detailed engineering studies

[highly geared] 30/10/2024 07:49

Another minimum 1 million oz gold added to the portfolio.

[qs99] 30/10/2024 07:39

management not hanging around is great to see.

Nice addition it would seem.

Love the de-leveraging here, while infilling these sorts of deals.

PoG still motoring as well to assist.

DYOR, am staying in here for much further to go. EV/EBITDA ratio IMO looks wrong still despite the rise.

[petebreeze37] 30/10/2024 07:36

Yes, I am impressed at how quickly they are progressing in Brazil.
Quite extensive trial drilling has produced good results and the resource has a lot more untested ground.
It should be a good addition to the ever growing company.

[ifthecapfits] 30/10/2024 07:12

Looks a nice bit of news.

[qs99] 29/10/2024 16:23

Probably right, but Gold looks like it wants to head to $3,000 IMO....! DYOR and let's see how we fare.

[ifthecapfits] 29/10/2024 16:16

It's had a great run to date. Just taking a breather for now.

[petebreeze37] 29/10/2024 16:05

I agree, unless there is a surge to come, I wouldn't sell at these level

[qs99] 29/10/2024 16:01

gold motoring again, HOC standing still, wonder why!

[stevea171] 28/10/2024 22:21

Sotolo. It's not me. I've not invested in silver explorers.

The investor above is from an Aussie board where I have a holding (KSN). All my PM miners are producers of gold and in some cases silver as well but I agree with his outlook and the future proofing of his portfolio.

Silver explorers are likely to do poorly in any near term market downturn.

[sotolo] 28/10/2024 21:19

Steve why have you ‘reluctantly’ sold down your silver explorers if you think silver will likely do better than gold, thanks

[putinaire] 28/10/2024 14:02

I dumped all paper gold and added it to paper silver. Hoping history continues and returns more from this point on

[petebreeze37] 28/10/2024 13:35

Copied from Ag board



china-s-now-buying-silver-directly-from-south-america

according to zerohedge

[putinaire] 28/10/2024 10:56

Were many PI benefits to it though. When you think about it