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HOC Hochschild Mining Plc

225.00
10.50 (4.90%)
03 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Hochschild Mining Plc LSE:HOC London Ordinary Share GB00B1FW5029 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  10.50 4.90% 225.00 976,038 16:35:01
Bid Price Offer Price High Price Low Price Open Price
223.50 226.00 226.00 213.00 213.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Silver Ores USD 693.72M USD -55.01M USD -0.1069 -21.09 1.1B
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:01 UT 431,928 225.00 GBX

Hochschild Mining (HOC) Latest News

Hochschild Mining (HOC) Discussions and Chat

Hochschild Mining Forums and Chat

Date Time Title Posts
03/12/202416:35Hochschild - Silver Mining, the place to be!24,053
02/12/202408:28Hochschild Mining - The Serious Traders Thread6,705
27/6/202410:19Hochschild Mining5,085
24/3/202312:47tuscan-
15/7/202211:26Hocschild Mining - Long Term Value Proposition53

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Hochschild Mining (HOC) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
16:35:01225.00431,928971,838.00UT
16:28:47225.008201,845.00O
16:28:41225.5093209.72AT
16:27:38225.622,5005,640.48O
16:27:09225.50390879.45AT

Hochschild Mining (HOC) Top Chat Posts

Top Posts
Posted at 03/12/2024 08:20 by Hochschild Mining Daily Update
Hochschild Mining Plc is listed in the Silver Ores sector of the London Stock Exchange with ticker HOC. The last closing price for Hochschild Mining was 214.50p.
Hochschild Mining currently has 514,458,432 shares in issue. The market capitalisation of Hochschild Mining is £1,142,097,719.
Hochschild Mining has a price to earnings ratio (PE ratio) of -20.77.
This morning HOC shares opened at 213p
Posted at 12/11/2024 18:33 by stevea171
Hochschild Mining

Silver stocks across the globe have soared in value amid exploding demand for the precious metal. At 227p per share, Hochschild Mining (LSE:HOC) for instance is up 41% over the past six months.

But rising metal demand’s only half the story. You see, silver’s up by a more modest 9% over the same period.

Hochschild’s outperformance reflects a steady string of impressive production updates this year. Its latest statement in October showed silver and gold production up 4% and 21% respectively during the third quarter.

This was the strongest third-quarter performance for five years. It reflects successful ramping up of production at Hochschild’s Mara Rosa gold mine in Brazil, along with ongoing improvement work at the Inmaculada flagship project in Peru.

Things are looking good for the firm as silver demand heats up. Safe-haven sales are rising as interest rate cuts fuel inflation, and geopolitical uncertainty rises following this month’s US election. Silver consumption could also rise for industrial applications as the global economy improves.

Yet despite recent price gains, Hochschild shares still look dirt cheap to me. For 2025, they trade on a price-to-earnings (P/E) ratio of just 6.2 times.

Furthermore, the South American miner also deals on a forward price-to-earnings growth (PEG) multiple of 0.1. Any reading below 1 implies that a share is undervalued.

Commodity prices are notoriously volatile. And a sharp silver retracement could play havoc with Hochschild’s revenues. But on balance, I think it’s an attractive stock to consider.
Posted at 12/11/2024 09:40 by stevea171
Oracle. HOC's Volcan purchase was from Canadian listed junior Andina Minerals so the sale price was C$103 million. Any sale price now would need to be well above this given what HOC has invested in the project over the past 10 years or so and the rise in the gold price.

Problem is there are few takers because the location is the Atacama desert at high altitude, virtually no rainfall and absence of a local work force. Only a major would likely take it on. But if the gold price continues to rise to $2000, $3000 then this low grade project becomes more attractive.

Any sale will likely come out of left field and would be an immediate boost to the share price because it has always had zero value in HOC's share price
Posted at 07/11/2024 14:24 by stevea171
HOC 233p. I see this as an 'anchor' stock for a portfolio. It now has a Mkt Cap of over £1 billion coming from a depressed share price of 50p 2 years ago and 100p a year ago.

Progress from here will depend on the rate of cash generation, company developments, dividend declarations, PM prices and market conditions.

Will it double again to 400p in a year's time? It's possible.
Will it return to 100p? Very unlikely.

Given the PM bull market that is expected to last several more years it's likely to at least hold it's value from here. That is why it is an anchor stock for any portfolio. Other holdings may move further and faster but any pf needs a stock/s with the characteristics of HOC for appreciation and stability.
Posted at 25/10/2024 12:49 by arja
analysts projections can sometimes be the kiss of death for a stock Marty ! :) . Hoping this is just a bit of profit taking in silver and it will recover next week and take HOC share price with it .
Posted at 23/10/2024 09:09 by stevea171
Peel Hunt: ".. At Mara Rosa, which reached commercial production in May and which impressed us at last week’s site visit, gold production increased 80% QoQ to 24k oz. The plant is now consistently operating at full capacity, and HOC expects to see volumes similar to September output through 4Q and a strong end to the year"

That would be approx 108k oz annual run rate.

It seems last week's site visit by Analysts to Mara Rosa was well received and is a factor in HOC's share price recent surge and improved volume.

Mara Rosa's move to full production is perfect timing for capturing the surging gold price with low costs of production. Average Annual AISC: US$950-$1,000/oz Au.
Posted at 17/10/2024 19:35 by stevea171
Rathkum. The comment is helpful but I think there are other factors in play that are pushing the HOC share price up quite dramatically: (+20p just today on high volume of 3.1 million).

Getting over the 200p barrier after many months held back is one.
Front running next weeks Q3 results is another.
Then there are very few mid cap silver miners listed, and silver is forecast to break out imminently and then move in short order to $50 initially.
etc, etc.

This is the HOC comment below in your above article.

"Silver has lagged gold and, with ground to make up, I have added to my holding in Hochschild Mining (HOC) with its silver and gold mines in South America in various stages of production and development. Its strategy of increasing production while reducing costs makes it an attractive buy valued on a P/E of 6 and PEG of 0.5."
Posted at 11/10/2024 10:13 by stevea171
HOC share price 200 - 201p. Volume 1.1 million so far.
Posted at 21/9/2024 08:26 by stevea171
An alternative gold miner investment idea:
Thor is a LSE listed, under the radar, under valued junior gold production and exploration company in West Africa with double/triple bagger potential from here in the short to medium term. H1/24 net profit of US$40 million, tax free.

Thor Explorations (LSE:THX) Mkt Cap: £127 million at share price of 19.5p.
Also on the TSXV (THX) with share price C34.5c.
Operations: Segilola, Nigeria
Production: 90k oz pa. Unhedged.
AISC: <$1000 oz
Net debt: US$2.7 million as at June 30, 2024.

Thor is certainly not a one trick pony! It has the massively profitable operational gold mine at Segilola, Nigeria, as well as the Douta advanced exploration project in Senegal. Thor is also actively exploring for commercial lithium across large license areas in Nigeria. And now this week Thor has announced the acquisition of 2 new exploration gold projects in Ivory Coast.

Thor has a second project, Douta, that is moving to construction without dilution of shareholders. An updated MRE and near complete PFS for Douta are expected to be released in Q4 this year followed by a part finance part cash funding in H1 next year ahead of construction.
MRE: 1.78 million oz gold, increasing to 2 million oz with latest drilling.
PFS: Q4 this year
Mine life: 12 years+ at 100k oz pa
Mine construction: likely to start next year.

Thor financial highlights for Q2 and H1 2024:

23,588 ounces of gold sold in Q2 2024 with an average gold price of US$2,309 per oz.

Cash operating cost of US$585 per oz sold and AISC of US$802 per oz sold.

H1/24 revenue of US$87.1 million (H1/23: US$81.7 million).

H1/24 EBITDA of US$60.9 million (H1 2023: US$40.3 million).

H1/24 net profit of US$39.9 million (H1 2023: US$17.4 million).

Senior debt facility has a balance of US$6.5 million which is scheduled to be fully repaid by 31/12/24.
Posted at 13/9/2024 07:30 by stevea171
Institutions and PI's still asleep regarding PM's and miners! Still chasing AI and especially Nvidia like Tech in the late 90's before the blood bath.

HOC and the other gold producers are in the 'real money' space where valuations and profits are soaring with each $50 increase in the gold price. The share price here has far to go to catch up!

HOC H1/24 attributable production was 152,792 GEO
H1 AISC from operations of $1,510 per GEO.
H1 gold price $2210 av.
H1 gross profit 152.8 x $700 = $107 million

H2/24 production estimate 191k GEO (FY 343K is the lower end of guidance)
H2 AISC estimate $1540
H2 gold price $2440 av
H2 gross profit 191k x $900 oz = $171 million

So HOC is on course for $278 million gross profit in this FY. $171 million gross profit in H2, an extra $64 million free cash flow cf H1 if gold remains around these levels.
Posted at 10/9/2024 09:23 by stevea171
AAZ. Opportunity to invest before significant share price appreciation in the coming months and years (5 bagger potential) as it executes its low cost plans to become a mid tier copper/gold producer from defined deposits under its 100% owned leases. I am a LT investor.

Anglo Asian Mining (AAZ). Sp 80-84p. Mkt Cap £94 million.

The company is at a discount due to a partial shut down for a year that has now been lifted. The share price should return to historic levels c. 135p initially as progress is confirmed and then much higher as the market takes on board and responds to the new $130 million highly profitable mine at Demirli and plans move forward to become a mid tier producer from development of XarXar and Garadag.

Profits are set to rocket from next year onwards, especially from the start up of operations at the low cost copper mine at Demirli that has just a maximum $5 million to be spent to bring it on line.



AIM listed at 77p in 2005 with only 15 million new shares issued since then to minimise dilution (114 million shares now).
Azerbaijan based gold/copper/silver miner with production since 2009.
High powered and highly qualified Board and managers own 41% of the company fully aligning them with shareholders.

Set to increase production from approx an artificially reduced 18k GEO this year
to 70-75k+ GEO in 2025, incl new mine Gilar
to 150k GEO in 2026, incl new mine Demirli
to 200k GEO in 2027, incl new mine XarXar
to 250k GEO in 2029. incl new mine Garadag

Low Net debt of $12.1 million at 30/6/24 which should be paid off next year.
Can finance new mines development from FCF and local bank finance at low rates.
Traditionally has paid significant dividends 2x yearly.
Hochschild Mining share price data is direct from the London Stock Exchange

Hochschild Mining Frequently Asked Questions (FAQ)

How many Hochschild Mining shares are in issue?
Hochschild Mining has 514,458,432 shares in issue.
What is the market cap of Hochschild Mining?
The market capitalisation of Hochschild Mining is GBP 1.10 B.
What is the 1 year trading range for Hochschild Mining share price?
Hochschild Mining has traded in the range of 84.75p to 251.50p during the past year.
What is the PE ratio of Hochschild Mining?
The price to earnings ratio of Hochschild Mining is -21.09.
What is the cash to sales ratio of Hochschild Mining?
The cash to sales ratio of Hochschild Mining is 1.67.
What is the reporting currency for Hochschild Mining?
Hochschild Mining reports financial results in USD.
What is the latest annual turnover for Hochschild Mining?
The latest annual turnover of Hochschild Mining is USD 693.72M.
What is the latest annual profit for Hochschild Mining?
The latest annual profit of Hochschild Mining is USD -55.01M.
What is the registered address of Hochschild Mining?
The registered address for Hochschild Mining is 17 CAVENDISH SQUARE, LONDON, W1G 0PH.
What is the Hochschild Mining website address?
The website address for Hochschild Mining is www.hochschildmining.com.
Which industry sector does Hochschild Mining operate in?
Hochschild Mining operates in the SILVER ORES sector.