Hochschild Mining Share Discussion Threads

[dt1010] 14/3/2017 12:27

Fact is we are NOT going back to the Dec 16 lows

$17 silver and $1200 gold HAS HELD

Back up they go.

With their miners.

Enjoy.

[goldenshare888] 14/3/2017 12:22

It is what the cartel would want, so someone will be happy.

Actual gold and silver is getting scarcer in the West as it heads East.

The western bankers do have a lot of paper gold and silver certificates;IF anyone is interested?

[dt1010] 14/3/2017 11:58

Selling now is counter intuitive

Gold and silver will rise from here on in I think.

[lauders] 14/3/2017 11:52

Each to their own pixi and I wish you well. However, just curious why you would sell now when what appears to be a new trend is starting. Since I bought my first HOC many months ago I have never sold any. Just kept adding. Should have done that again in the recent 220-230p range but did not have spare funds at the time and wnated something I already hold to break even (at least) first. I may still top-up if we come off a bit more like this morning, but not sure we will much now, so hence my puzzlement at your sale of shares AND physical!

[dt1010] 14/3/2017 11:43

Hi ho silver

Best leverage on the exchange with HOC

today will be anothe late morning peak followed by a ramp up in the pm to a close at the high.

Lovely candle on the chart from yesterday.

Another one from today's action.

I'll raise a toast at 300p to Eduardo and all of you.

[pixi] 14/3/2017 11:40

I am out at 275p and have sold my physical gold too.

[stevea171] 14/3/2017 10:35

HOC exploration drilling this year at the producing mine, San Jose in Argentina and potential mine, Azuca in Peru.

In the case of San Jose, I like this chart very much because it shows the amount of property that we have in the joint venture with McEwan, and it shows also what Goldcorp has in this area.

In the middle, there's a Coeur property, but this is highly prospective, highly prospective ground in Argentina. What we have been mining is these red dots; these are our existing veins. This in blue are the inferred veins that have been made using, again, geophysics, and the ideas and the target that we plan on pursuing, not only in 2017, but also in the years to come. We have started already. Again, this red chart is the same that you see on the chart on the left, these are the red veins that we are currently exploring. We have started the drilling in the northern end in an area called Agua Vivas. We've had already some positive results, which is very encouraging. We believe that the plan here is going and moving in the right direction.

Finally, just a quick note on our early-stage projects. You remember that we have Crespo and Azuca in Peru. Azuca is also going to receive some exploration dollars.
Again, based on recent results in all operations, our geology team believes that there might be that a mineralization in Azuca might be on a higher level than we had previous anticipated. So, we're going to be putting some drill holes to see if this hypothesis is true. If it is, you know Ayacucho is a deposit with a very large amount of vein, so this could be revealing.

[stevea171] 14/3/2017 10:20

HOC exploration drilling this year at all 4 mines to increase resources and reserves:

In the case of Arcata, it's a little bit different. In the other operations, I have mentioned trying to find very large structures as a primary objective of the exploration campaign.

In the case of Arcata, given the spare capacity that we have and the goal of trying to reduce the all-in sustaining cost, the exploration is happening much closer to the current mine infrastructure, with the aim of trying to put resources through the plant as quickly as possible.

The idea, in Arcata, for this year is pretty innovative. What we, what our geologists have in mind is they want to put a drill holes that are parallel to the ground for an extension of around 2 kilometers.

That has never been done in Peru, nowhere, using a Canadian company for this. In the past, the longest drill holes had only 600 meters. We're going 2 kilometers now. It is not that expensive; it's around $95 per meter. So, we're excited about those possibilities, and we're going to be putting them up here to try to follow on this Paralela structure. Marion is, was the richest vein in Arcata, and we're going to pull it here trying to see if there is potentially an extension of Marion somewhere.

Here is the famous tunnel area which fed most of the production in 2015 and 2016 in Arcata; the good production that allowed us to have the lower grade. The idea is to put one of those 2 kilometer drill holes also in this area. So, we're excited. We have a plan. We don't need permits for that, that's another positive, and that is going to happen this year.

[onedayrodders] 14/3/2017 09:55

WAHHOOOOOOOOOOOO !!

(Sorry all got carried away)

[dt1010] 14/3/2017 09:50

Yes break out is definitely on the cards here.

Soon it'll be in the 300+ area and we'll be talking about a breakout to 400p

It's all on the cards.

Gold and silver are going to rally in April and May!

Break out!

[hectorp] 14/3/2017 09:39

Third wonderful day! I'm tempted to take gains , so I have closed 50% of my long position now. Nor want to miss upside to 300+.

[stevea171] 14/3/2017 09:39

Thanks Topicel. Not long to wait to see what happens!

A market crash has been on the cards it seems for ever but it seems the market won't take any amount of negative news or poor earnings to correct. Sooner or later it's bound to happen but will it be this month, go away in May time, or .... ???

[goldenshare888] 14/3/2017 09:37

7 Year chart looks like something big is building.

Breakout imminent?

[goldenshare888] 14/3/2017 09:34

What an opportunity being afforded sub 300p!!

How much longer though?

:))

[topicel] 14/3/2017 09:30

Top post 11482 Stevea, very positive yet realistic.

I do tend to agree that The Fed is a busted flush for all the debt reasons I keep reiterating, but nevertheless they have been seen to hold influence far beyond their capacity to act, and crying wolf never seems to apply with them and the rigged markets.

A market crash is also a concern short term.

Topicel

[goldenshare888] 14/3/2017 09:30

V-SHAPED recovery continues...........

[goldenshare888] 14/3/2017 08:17

Little morning shake out, soon overwhelmed.

:))

[dt1010] 14/3/2017 06:16

It is the signal the token dividend sends to the City that's important. They will increase them as the debt gets wiped out and net revenues grow.

[lauders] 14/3/2017 01:36

DT1010
13 Mar '17 - 19:32 - 11477 of 11482 0 0

The business also recently declared a dividend, which will be paid on Wednesday, May 17th. Shareholders of record on Thursday, April 20th will be issued a GBX 0.01 ($0.00) dividend. The ex-dividend date is Thursday, April 20th.

Even with my large (for me!) holding the dividend doesn't produce a great deal of income. Would be nice to see a larger one going forwards and that will only come with continued PM strength and the reduction of debt. Still if we continue like yeesterday a bigger dividend will come. That would also attract even more investors no doubt!

[stevea171] 13/3/2017 21:34

Topicel. I wouldn't be too sure about anything to do with Wednesday. Personally I think the Fed bogey man is way over hyped.

Imo HOC has risen today on the back of fundamentals and the FY results presentations to institutions last week. UK institutions buying strongly am today and US institutions buying pm. Very good volume at 3.5 million. This new money is not going to be flushed out in a day or two by what Yellen says or does on Wednesday.

Anyone still hoping for 200p here this week I would say can forget it.

[majorpain2] 13/3/2017 21:19

HOC rising is very interesting, if recent history is any guide and miners lead prices, then the reaction to events on Wed will be good for PM's.

Soon find out i suppose.

[topicel] 13/3/2017 20:16

Lol, ODR, afraid not, aside from recommending a telephone kiosk...

Still no true momentum upwards on PM prices which is slightly worrying for tomorrow here. We get the company financials were superb and the presentations were great, but buying still needs a strong product price.

If we can rest back the same kind of percentages we've lost in gold and silver this week on the back of the macro tailwinds ahead then HOC should canter on. We don't need a false start right now IMHO.

Topicel

[stevea171] 13/3/2017 20:13

I seem to hear every day that higher nominal US interest rates is negative for gold but I need to remind people of what happened the last time the Fed embarked on a rate hike cycle. That started in June 2004 off the 1% fed funds level. Gold then stood a few bucks below $400. Just before the Fed got to 5.25% in the fed funds rate, gold traded above $700. See chart:

Gold Soared $325 During 2004-2006 Rate Hikes