Hochschild Mining Share Discussion Threads

[onedayrodders] 16/5/2017 18:37

Could be a $97 handle soon on the USD Index

:o)

[onedayrodders] 16/5/2017 13:11

Hi Topical

This article from just 2 months ago suggests far from fake news or old the problem is accelerating.

[stevea171] 16/5/2017 12:04

US Dollar Index: 98.48.

A six month low and in a falling trend all this year of lower highs and lower lows.

[stevea171] 16/5/2017 10:53

HOC Q1/17 production result analysis.

........................ million Ag equiv oz......... Increase on Q1/16
Inmaculada: .................. 4.3 .......................... +24%
Arcata: .......................1.5 .......................... -15%
Pallancata: ...................1.3 .......................... +49%
San Jose (51%): ...............1.5 .......................... +12%

Overall: ..................... 8.6 .......................... +16%

Pallancata and Inmaculada are the stand out results. Pallancata despite losing 3 or 4 weeks of production due to the shut down in January and with Pablo ramp up not yet in production. Inmaculada, after 18 months in production, is still steaming ahead and is likely to return well north of it's target of 17 million Ag equiv oz.

FY 2017 production guidance is for 37 million Ag equiv oz with production second half weighted due to the ramp up at Pallancata (Pablo). With such an impressive Q1 result FY/17 production is likely to be revised upward during the year with an outcome of 40 million plus oz.

Average realisable precious metal prices in Q1 2017 (reported before the deduction of commercial discounts) were $1,238/ounce for gold and $18.3/ounce for silver (Q1/16 : $1,266/ounce for gold and $16.2/ounce for silver. Incl hedging Q1/16 gold $1,236, silver $17.10).

Q1/17 PM sale prices:
Silver price: +7%
Gold price: nil
Average: +3.5%

FY 2017 gold and silver prices are not hedged. Last year HOC made a loss on its PM hedges of approx $19 million.

FY 2017 AISC estimate is on track for $12.20 - $12.70 per Ag equiv oz (FY 2016: $11.20). Increase +11%. Mainly due to an increase in capex at Pallancata and increased exploration budget. AISC may be revised down as last year along with expected higher than guided production.

Brownfield has become HOC's main source of growth going forward. For the first time ever, they have not only a five-year mine plan but also a five-year exploration plan, with very defined targets (for exploration and drilling) and with full financing of the plans.

[majorpain2] 16/5/2017 10:13

Topicel, all the data im seeing ATM indicates a topping out of the things your looking at, in short Western Consumers are up to their eyeballs in debt and cant spend any more. Anecdotal, but the person who is paid the least at my work now has the nicest car, auto loan bubble ahoy!

The only thing keeping the world afloat IMO was China's QE'ing to infinity and beyond, and now they have been forced to stop before their housing market goes properly nuts. Hopefully it will hold together until my holiday is out the way.

[topicel] 16/5/2017 09:56

ODR. The video shows an ancient mall lying derelict but then it is rather old...

Is there a new one in Baltimore per chance? Talk about fake news or, in that case, agenda driven.

I'll go and film our local old water mill in its present shocking state and suggest water mills have had their day. Lol.

I accept bricks and mortar is being replaced by on-line but aside from that obvious sea-change is retail spending really dying on its feet Stateside?

More interested in the car and student loan situation as the catalyst for a recession over there than changing buying habits and trends.

Topicel

[dt1010] 16/5/2017 06:11

Silver about to move a lot higher!

[eeza] 15/5/2017 22:41

May be interesting.

[pediment] 15/5/2017 19:51

hxxps://invst.ly/3yj6a

Link rotten, it was gold futures, see if this works.

[hectorp] 15/5/2017 19:45

I sense, upside, not down . The bottom was in around 16.15.

[pediment] 15/5/2017 18:05

Reverting to trendline, the lower one unfortunately.

hxxps://invst.ly/3yife

[pixi] 15/5/2017 15:57

edjge, this is the first guy I have read who forecasts $300. If that's the case, why are central banksters and eastern nations stocking up? I see he lost money shorting gold when it took off in 2016 - hahaha!

[edjge2] 15/5/2017 14:21

Pixi as your spread bet is over here W8BEN prevents double taxation from states if any. Never tried spreadly betting but should have a look.

[edjge2] 15/5/2017 14:11

edelweiss it aint

[dt1010] 15/5/2017 13:57

What a lovely day. It's raining but in my heart its sunshine :)))

[goldenshare888] 15/5/2017 13:34

Silver supply shortages, increasing fiat money supply, rising inflation, government mismanagement - what is there not to like...

[stevea171] 15/5/2017 13:32

Pixi. HOC ex-dividend date was 20/4 for 17/5 payment.

Silver and gold prices now establishing new up trends following the PM miners