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HOC Hochschild Mining Plc

5.50 (5.23%)
01 Dec 2023 - 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
  5.50 5.23% 110.60 1,134,155 16:29:58
Bid Price Offer Price High Price Low Price Open Price
110.10 110.90 111.10 105.20 105.20
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Silver Ores USD 735.64M USD 2.96M USD 0.0058 190.69 568.99M
Last Trade Time Trade Type Trade Size Trade Price Currency
17:53:52 O 818 105.20 GBX

Hochschild Mining (HOC) Latest News

Hochschild Mining (HOC) Discussions and Chat

Hochschild Mining Forums and Chat

Date Time Title Posts
01/12/202317:05Hochschild Mining - The Serious Traders Thread6,580
24/5/202311:31Hochschild Mining5,081
24/3/202320:31Hochschild - Silver Mining, the place to be!22,992
15/7/202211:26Hocschild Mining - Long Term Value Proposition53

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Hochschild Mining (HOC) Top Chat Posts

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Posted at 02/12/2023 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 105.10p.
Hochschild Mining currently has 514,458,432 shares in issue. The market capitalisation of Hochschild Mining is £568,991,026.
Hochschild Mining has a price to earnings ratio (PE ratio) of 190.69.
This morning HOC shares opened at 105.20p
Posted at 01/12/2023 17:05 by rathkum
Why the economics of mining is changing

Further down the development track is Hochschild Mining (HOC) with its new Mara Rosa mine. It was on a similar timeline to Horizonte but has hit its deadlines so far, with first gold expected early next year and commercial output a few months later. The company has built various mines in the past and Mara Rosa will be one of four in production next year.

Mara Rosa’s economics do suggest an almost anti-inflation story; the company’s group-level average all-in sustaining cost (AISC) has risen from $977 an ounce (oz) in 2017 to almost $1,500 last year. But Mara Rosa is expected to have an AISC over its 10-year life of just $1,000 an oz. “The project is running to schedule and budget, despite the pressures on capital costs that have caused issues in other industry projects presently in development,” said analysts at Peel Hunt. Miners will usually extend mine lives through exploration, with the initial life merely what can be included from the current reserves.

At its largest existing mine, Inmaculada, Hochschild has managed a productivity gain that outweighs operating cost hikes. It has shifted to a more mechanised style of mining underground, which has cut costs by 30 per cent, according to company chief executive Eduardo Landin. “Even though we are increasing the dilution [of gold and silver within the ore] the productivity is much higher, the number of [workers] is much lower,” he added.

It is largely Mara Rosa boosting the company’s prospects, alongside production being suspended at high-cost mine Pallancata.

Peel Hunt updated its Hochschild forecasts this week, leaving adjusted Ebitda at $289mn for next year and hiking it 84 per cent to $270mn for 2025, thereby reversing a declining earnings outlook. Analysts at Panmure Gordon have cut the forecast for AISC to $1,206 an oz from $1,468 an oz for 2025.

Ewoyaa and Mara Rosa are outliers in cost terms.
Posted at 20/11/2023 17:44 by rathkum
Hochschild shares up 5% and primed for take-off, says investment bank

Last updated: 16:30 20 Nov 2023, First published: 16:26 20 Nov 2023

Hochschild Mining PLC -

Hochschild Mining PLC (LSE:HOC, OTCQX:HCHDF), up 5% on Monday, is poised for a significant rebound, according to RBC Capital's latest analysis.

The company is expected to unveil a three-year production and cost guidance at its Capital Markets Day on 22 November, which is anticipated to highlight improvements in production and cost efficiency.

This optimism is largely driven by the upcoming commissioning of the Mara Rosa project and the mining of higher-grade areas at Inmaculada.

RBC Capital maintained an 'outperform' rating for Hochschild, with a price target of 130p for the shares, suggesting confidence in the company's future performance.

As mentioned above, the key factors influencing this outlook include the successful commissioning of Mara Rosa in the second quarter of 2024 and the expected increase in gold equivalent production by approximately 30% from 300,000 ounces in 2023 to 382,000 ounces by 2026.

This increase in production is set to reduce the all-in-sustaining cost (AISC) significantly, from around $1,600 per ounce in 2023 to $1,340 per ounce by 2026.

The report also highlights potential challenges and areas of focus, such as the impact of permitting delays at Inmaculada, exploration success at San Jose, and the ramp-up of Mara Rosa.

Additionally, updates on capital expenditure for Pallancata's Royropata deposit and potential changes in permitting regulations are expected.

At 2.25 pm, the stock was changing hands for 108p, up 5.1p on the day
Posted at 01/11/2023 23:29 by blackhorse23
Added GATC which dividends 4 times more than HOC , same share price price value
Posted at 23/8/2023 17:22 by rathkum
Things are finally looking up for Hochschild Mining, says Berenberg

Berenberg has hiked its target price for the shares of precious metal producer Hochschild Mining by 30%, saying it's time to "revisit the investment case" after a tough number of years for the company.
Hochschild Mining
17:05 23/08/23

The broker lifted its target from 100p to 130p, and reiterated a 'buy' stance on the stock, which was up 1.8% at 86.95p on Wednesday morning.

"Since 2018, 12 of the top 20 shareholders have reduced their stake in Hochschild, including the Hochschild family, which sold a 12% interest in 2020, with six shareholders fully selling out. In our view, investor interest is at its lows and now is the time to revisit the investment case," said analysts Richard Hatch and William Dalby.

Hochschild announced in early August that it had finally received a modified environmental impact assessment (MEIA) for its Inmaculada mine in Peru, a long-delayed milestone that has been hanging on the stock since the first half of 2022. For context, Inmaculada represents two thirds of production and 80% of operational free cash flow.

Meanwhile, the falling production and impending closure of the Pallancata project due to a lack of economic ore has also weighed on sentiment, Berenberg said.

However, there are now three key reasons to be optimistic, the broker believes: first, the MEIA for Inmaculada being approved; second, the new Mara Rosa mine in Brazil coming online in the coming year; and thirdly, the balance sheet approaching peak leverage, with net debt-to-EBITDA at 1.29x by the end of 2023.

"We think that as the company turns the corner operationally, and ramps up Mara Rosa, it will materially de-risk the investment case, and believe that with limited investor interest due to recent challenging years, the time is right to dust off the file on Hochschild."
Posted at 02/8/2023 07:19 by bocase
I can't see why anyone would sell now, not at least until the share price is much higher so with few sellers the share price should maintain momentum
Posted at 25/7/2023 06:21 by sotolo
Not bad rns,
. production up slightly, debt at over $200m horrid but as expected for necessary Mara Rosa.
. more hedges but at gold prices above record high, efficacy of them all depends on inflation, ie if it continues high then aisc could rise at 10%+ a year meaning hedges turn out less than today’s price in real terms, but if inflation is rapidly controlled could be good - Hoc has a good track record of hedging and with debt so very high can’t afford to ride out gold price falls as well as other sso makes sense
And finially
. INMACULADA. Yet again the board suggest the conclusion will not be binary as Trader et al suggest, so share price imho unlikely to more than halve or double as a binary conclusion would result. Instead they are negotiating a compromise which will result in increased costs/lower production/less exploration but the big question how much.

Overall Hoc looks good at this price though very risky and not for widows or orphans.
Posted at 19/7/2023 19:03 by trader465
What do you mean “miswritten221;?

Is that something to do with your ink well levels or are you using an incorrect feather size? And what is a “diary”?

These days we use automated notifications apps. I don’t think I’ve “written”; anything for about 10 years apart from signing my prison release forms of course.

I suspect the next news will trigger a sharp share price fall, I may be wrong as HOC is now a 50/50 bet, I would certainly not be betting on the upside.

If you lose 10% you only have to make 11% elsewhere, if you lose 50% you have to make 100% elsewhere.

If the licence is granted we can buy after a 10% rise and expect a possible recovery over coming quarters, but if the licence is refused I’d say a 30/40% share price fall will happen.

It’s far more sensible to stand aside and bet on the quarterly direction after the news gives us a clue.
Posted at 12/5/2023 12:06 by petersinthemarket
Quiet thread, but probably the only viable one. Many filtered on here.
Recent poor results have put people off.

Some notes to ponder: Pure silver play; Colin Bird Director (not my favourite); 2 main sites in S.Peru, but also in S.Argentina, Brazil and elsewhere; Looks a good trader, not a hold; Primary focus on exploration, mining, processing, sale of (mostly) silver and (some) gold; share price volatile – previous support c72p; Poss trader at <75p; April Prelims: heavy reductions in REV, PBT, EPS & Cash - Increased debt. Fall started after Mr Hochschild left.

Peru suffers from significant social unrest following the detention of former President Castillo and the appointment of new President Dina Boluarte and there is also serious labour unrest due to the reluctance of mining companies to share profits with their local ethnic workforce

Peru can be a dodgy place to do business. However, some signs of recovery from oversold.

EDIT: About Hochschild Mining PLC: Hochschild Mining PLC is a leading precious metals company listed on the London Stock Exchange (HOCM.L / HOC LN) with a primary focus on the exploration, mining, processing and sale of silver and gold.
Posted at 10/5/2023 13:56 by blackhorse23
BOE interest rates hike tomorrow which will effect HOC share price , likely drop
Posted at 09/11/2022 08:43 by wisteria2
HOC share price moving up nicely!! up over 10 percent in a few days.
Hochschild Mining share price data is direct from the London Stock Exchange

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