Hochschild Mining Share Discussion Threads

[glenkaz] 16/8/2017 13:27

When to get in 🤡✌A039;

[dt1010] 16/8/2017 13:17

Golden, short term it's impossible to know where this will go and at what velocity but buying now is a remarkable opportunity for long term holders and those familiar with the company. By the end of the year which is no time away the shares will, I believe, be far higher than 336p.
The chart will make a mockery of doubters on here over the next 4-6 months.
Buying now if you can switch off and know your money is well invested, which you and me can, is a complete no brainer. They may get cheaper, but it's not about catching the exact bottom. When silver turns up and it will people will scrabble and fight to buy these in decent quantity and the price will shoot back up.

[onedayrodders] 16/8/2017 13:13

Yep .. no panic here

[stevea171] 16/8/2017 13:12

Shares in FTSE 250 firm Hochschild Mining slid more than 17 per cent today after the company revealed its half-year profit dropped more than 30 per cent due to higher costs.

The precious metals miner reported a pre-tax profit of $39.9m (£30.9m) for the six months to the end of June compared with $60.3m the previous year.

Hochschild's attributable silver production increased nine per cent to 8.9m ounces while gold production rose three per cent to 121,000 ounces.

The miner said it was on track to deliver attributable production of 37m silver equivalent ounces for 2017.

The company's shares fell 17.5 per cent to 270.6p in morning trading.

Hochschild, which mines in Peru, Chile and Argentina, was hampered by higher costs in the first half of the year. It said all-in sustaining costs rose 10.1 per cent to $12 per silver equivalent over the period. However, that was below the company's estimates of between $12.20 and $12.70 per ounce.

The rise in costs was caused by the company's increased investment in brownfield exploration as well as the elimination of benefits from a Patagonian port last year and higher costs at one of its mines in Peru.

Ignacio Bustamante, chief executive, said:

Hochschild Mining continues to deliver a robust operational performance with both production and cost targets for 2017 on track.

I am confident that our company has the financial and operational flexibility to meet our upcoming debt commitment, fund an extensive brownfield programme and assess value accretive opportunities as they arise.

hxxp://www.cityam.com/270356/shares-hochschild-tumbling-after-profit-dropped-first-half

[goldenshare888] 16/8/2017 13:12

Exactly DT and view this as a cheap top-up opportunity.

:))

[dt1010] 16/8/2017 13:10

If you're not selling and you're not leveraged, no tin hat is needed.

You just hold and hold and await the inevitable recovery.

[shakeypremis] 16/8/2017 13:08

Urge to buy... increasing...

[onedayrodders] 16/8/2017 13:07

Tin hats lads .. a little bit more weakness

[dt1010] 16/8/2017 13:06

You must be hurting then juju, you're fully loaded after all.

[onedayrodders] 16/8/2017 13:01

hahaha brilliant

[juju44] 16/8/2017 12:59

Could be Rod. It has fallen further already since I wrote that

[onedayrodders] 16/8/2017 12:55

Juguire ..can we take that comment as a definite commitment / prediction that buying at these levels would be a mistake ?

[lauders] 16/8/2017 12:54

Financial position

Financial discipline and an efficient use of capital remain cornerstones of our Company's strategy and in the first half continued strong cashflow from operations has ensured further progress in reducing our short term debt by almost $19 million. The Company is in a strong position to address the upcoming option to redeem early our remaining Senior Notes in January of next year thus substantially reducing our finance costs going forward. Cash and cash equivalents were approximately $145 million at the end of June (31 December 2016: $140.0 million) leading to a net debt position of $165 million (31 December 2016: $187.4 million) and a ratio of net debt to annual Adjusted EBITDA currently standing at a comfortable 0.56x.

Worth reminding ourselves of the reduction in debt and the option to redeem the remaining Senior Notes in January 2018. I hope that HOC will be much higher by then and this will be just a "blip".

[shakeypremis] 16/8/2017 12:48

Indeed juju. I don't fancy buying this early in to a fall generally speaking. But the price has reached my target range. Usually it will overshoot that range so I will see if I can get a better price. 255p would be lovely.

[juju44] 16/8/2017 12:47

Beware falling knives

[dt1010] 16/8/2017 12:34

Go away falia lol

[shakeypremis] 16/8/2017 12:30

My buy finger is getting itchy again...

[falia] 16/8/2017 12:17

GUYS GET YOUR MONEY BACK, AOR ON FIRE

[dt1010] 16/8/2017 12:09

Last top up I promise.

Another £10,500 worth, and yes the wife knows ;)

Locked and loaded for the return to new highs.

Target 350p by end of October.

Ignore the lazy new comers and perrenial fence sitters.

[lauders] 16/8/2017 12:07

Mr. HOC is slightly wealthier than me GS888! Even after today's drop LOL! Trying not to curse myself too much but would have been well chuffed to be so clever yesterday.

[edjge2] 16/8/2017 12:03

A first today hopefully normal results performance to resume shortly.
HOC still in uptrend channel
Wonder how the yanks will treat it

[goldenshare888] 16/8/2017 11:50

I only wish it would stay around this level for about 4 weeks for my next large accumulation opportunity. Sods law says that it won't of course, but I will still buy in anyway if below 550p. :))

[stevea171] 16/8/2017 11:48

Topicel. Thanks.

I guess there are quite a few like Supercity this morning. They see a company they don't know, HOC, has fallen by 14% so are attracted by the prospect of bottom fishing. Tomorrow it will be something else and so on.

These days that passes for investing ... !!

[goldenshare888] 16/8/2017 11:46

Don't beat yourself up Lauders, very few will have sold including Mr HOC who owns c $750 MILLION worth of stock!!

I hold all mine for 550p+ and nothing has changed, except another top-up opportunity!

:)))

[lauders] 16/8/2017 11:41

Silver/gold a head of steam fieldhouse and for some positive vibes to come from HOC's meeting. That should restore order here. An amazing drop IMO. Really was considering a sell yesterday but decided not to do so. Wish I did so I could possibly buy back lower today. Hindsight!