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Share Name Share Symbol Market Type Share ISIN Share Description
Hochschild Mining Plc LSE:HOC London Ordinary Share GB00B1FW5029 ORD 25P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 154.80 1,371 01:00:00
Bid Price Offer Price High Price Low Price Open Price
155.60 156.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 454.82 46.02 2.19 71.8 792
Last Trade Time Trade Type Trade Size Trade Price Currency
06:36:52 O 1,371 157.685 GBX

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Trade Time Trade Price Trade Size Trade Value Trade Type
06:16:26157.691,3712,161.86O
06:15:12156.7718,00028,217.70O
06:15:12156.645,3968,452.35O
06:15:11156.794,8827,654.68O
06:15:11155.802,1353,326.31O
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Hochschild Mining (HOC) Top Chat Posts

DateSubject
24/6/2021
09:20
Hochschild Mining Daily Update: Hochschild Mining Plc is listed in the Mining sector of the London Stock Exchange with ticker HOC. The last closing price for Hochschild Mining was 154.80p.
Hochschild Mining Plc has a 4 week average price of 154.50p and a 12 week average price of 154.50p.
The 1 year high share price is 326.80p while the 1 year low share price is currently 154.50p.
There are currently 511,414,725 shares in issue and the average daily traded volume is 2,834,362 shares. The market capitalisation of Hochschild Mining Plc is £791,669,994.30.
18/6/2021
07:42
stevea171: 18 June 2021 Hochschild Announces Commencement of Trading on OTCQX Hochschild Mining PLC ("Hochschild" or "the Company") (LSE: HOC) (OTCQX: HCHDF) is pleased to announce that its ordinary shares are now trading on the OTCQX Best Market under the ticker symbol of HCHDF. The OTCQX Best Market is the highest market tier of OTC Markets on which 11,000 U.S. and global securities trade. Trading on the OTCQX Market will enhance the visibility and accessibility of the Company to U.S. investors. Hochschild's ordinary shares will continue to trade on the LSE. Ignacio Bustamante, Chief Executive Officer said: "We see trading on the OTCQX Best Market as a valuable opportunity and believe it will provide a cost-effective way to access U.S. investors, who have shown a strong historical appetite for investing in non-U.S. stocks as well as the global mining sector. We expect Hochschild's focus on silver and gold and also on rare earths to be of particular interest to U.S. investors and we are optimistic that this interest will translate into increased U.S. ownership of our shares."
11/6/2021
08:29
338: Pity, Castillo leads the presidential election and overshadowing HOC share price...
07/6/2021
14:49
rougepierre: I was previously in HOC and switched to FRES and POLY because of the uncertainty... Actually, the HOC price has held up pretty well in relative terms. Clearly the election is too close to call and, whatever their stated policies,Castillo and Fujimori will still be hamstrung by a divided Congress... If Castillo wins we should expect the price to be marked down, which could be a buying opportunity and the opposite if Fujimori wins, but... Because it is so tight and the candidates are so polarised, I can see years of strife, whoever wins If you were a miner in Peru, would you be investing a penny in CAPEX right now... I wouldn't... And therefore, because markets hate uncertainty I've decided to steer clear. That doesn't mean it won't be a brilliant trading opportunity for the brave... AIMO as usual and good luck to all... PS this isn't a deramp...its just one opinion in the debate. I'm certainly open to alternate views.
14/5/2021
10:25
piano man: Is a combination of the company's hedging and tax prospects in Peru holding share price down relative to silver? I've traded hoc successfully but wonder if I should use a junior miner ETF to buy and hold.
27/4/2021
13:35
risa5: NV Gold Signs up to US$10 Million Option Deal with Hochschild on its 100% Controlled SW Pipe Gold Project April 26, 2021 NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF) (“NV Gold” or the “Company”) reports that Hochschild Mining (US) Inc. (“HOC US”), a subsidiary of Hochschild Mining PLC (“Hochschild”) (LSE:HOC), has entered into an option agreement (the “Agreement”) with it in respect of the Company’s 100% controlled SW Pipe Gold Project (the “Property”), located along the Cortez Gold Belt approximately 6 km southwest of the Pipeline Gold Mine operated by Nevada Gold Mines (joint venture between Barrick Gold Corp. and Newmont Corporation). Highlights of the Option Agreement: Within 30 days of signing the Agreement HOC US will pay the Company US$50,000 plus the annual renewal costs of the Property in 2020. HOC US can earn a 51% interest in the Property by incurring US$7.5 million in exploration expenditures over 5 years (“Phase 1 Earn-in”) and making additional cash payments to NV Gold totalling US$750,000. HOC US may earn-in an additional 24% interest in the Property by incurring an additional US$2.5 million in exploration expenditures and delivering a completed Feasibility Study within 3 years of the Phase 1 Earn-in date (which may be extended by up to 3 further years subject to agreed payments by HOC US for each 12 month extension (“Phase 2 Earn-in”). At anytime after earning in a 51% interest in the Property (but prior to the expiry of the Phase 2 Earn-in period), HOC US can purchase 100% of the Property for US$25 million or 12,500 ounces of gold, at NV Gold’s election, and NV Gold would retain a 2% Net Smelter Royalty. “The close proximity to a larger operating gold mining complex operated by Nevada Gold Mines, and the known low grade gold system present at the SW Pipe Gold Project, provides the opportunity for a major discovery at depth. NV Gold will remain operator of the initial exploration programs on the project and we are excited to work with Hochschild to test the project at depth for extensions of the neighbouring multi-million ounce gold deposit at the Pipeline Mine. Initially the work will be aimed at assessing the potential for mineralization beyond the historic drilling and, in particular, for mineralization within steep “feeder” structures, which have not been tested by the historic vertical drilling. This will be an exciting exploration program,” commented Peter A. Ball, President and CEO of NV Gold. About the SW Pipe Gold Project ... Https://www.nvgoldcorp.com/news/nv-gold-signs-up-to-us-10-million-option-deal-with-2776/
10/3/2021
16:24
rathkum: https://citywire.co.uk/funds-insider/news/aaa-rated-jourdan-backs-new-commodity-supercycle-with-hochschild-buy/a1466566 AAA-rated Jourdan backs new commodity supercycle with Hochschild buy By Michelle McGagh 10 Mar, 2021 at 13:08 AAA-rated Jourdan backs new commodity supercycle with Hochschild buy With talk of a commodities super-cycle driving the price of metals higher, Amati’s Paul Jourdan has switched gold miner Centamin (CEY) for Hochschild Mining (HOC) which he says offers more ‘optionality’. Commodities across the board have been enjoying soaring prices, with grain costs jumping and oil shooting above $60 a barrel but it is silver that has stolen the headlines thanks to a retail investor pile-in two weeks ago that pushed the price to an eight-year high of $30 an ounce. Although silver has climbed back down since investors organised via Reddit to put a squeeze on short sellers of the precious metal, it has remained at the forefront of the commodity hike. Citywire AAA-rated Jourdan, manager of the £590m TB Amati UK Smaller Companies fund, has been ahead of the curve, ditching gold miner Centamin in favour of Hochschild Mining, which mines both gold and silver. He said the ‘excitement’ around precious metals, particularly gold, has been driven by government’s undertaking vast money printing programmes, leading investors to use ‘precious metals as a store of value…and defend against currency depreciation’. However, the story is different with ‘platinum group metals’ like silver, which although are used for jewellery also have ‘more of an industrial use’. ‘It is a great conductor of electricity, and anti-oxidising agent and anti-bacterial agent,’ he said. Jourdan said the potential demand for silver will expand if it becomes core to electric vehicle charging. ‘If we go down the route of induction charging – where you do not plug cars in but park in a certain place - that will benefit silver,’ he said. However, he noted that silver is ‘very expensive as an industrial metal’ and if it can be substituted for a cheaper metal it will be. ‘The reason we switched from Centamin to Hochschild is due to what it has in the way or options,’ he said. ‘There will be exploration this year and it has come up with some reasonably good results.’ Jourdan said the economic climate is positive for precious metals as the world moves out of the pandemic and through the ‘global industrial cycle’. China, which was first in and out of the pandemic, saw its economy rebound last year, pushing up demand for industrial metals but Jourdan said the ‘supply is constrained so there is some very good price rises’. Hochschild provides ‘optionality’ for Jourdan in that it has a ‘good number of different assets’ that will allows it to benefit from changes in the industrial cycle. This includes a rare metals mine in Chile, which Jourdan said had been at the centre of some investor disagreement. ‘Some investors disagree about how to take it forward. They say the company is a gold and silver miner and it should just do that but I’m keen for it to develop [the rare metals mine] as strategically it is good to have an independent provider of rare metals,’ he said. It is not just silver and gold that are hogging investor attention. The copper price has been climbing in recent months and in December, Goldman Sachs analyst predicted it will hit a 12-month price target of $9,500 per tonne this year, up from a previous projection of $7,500. The investment bank believes it will go on to hit all-time highs in 2022 as demand grows as electric vehicle production ramps up. Although he was reluctant to make predictions on whether copper prices would continue skywards, he said the historic high levels could be ‘sustained’ and there could be a ‘prolonged period of copper at the higher price’. He has added to his stake in AIM-listed copper miner Atalaya (ATYM), taking it to 2% of the portfolio. ‘It is really well run, it has mature assets, and has plenty of possibilities for expansion,’ he said. ‘[The shares are] not super low cost and I like to invest in assets at low cost.’ Jourdan said Atalya’s secret weapon is the copper processing technology it has that will help to cut costs that will be a ‘significant boost’ to the stock. Miners could continue to track upwards from here thanks to the shift to electric vehicles, which will help Jourdan (pictured above) continue his long track record of outperformance. The fund has outpaced peers in the Investment Association UK Smaller Companies sector and the Numis Smaller Companies plus AIM benchmark over one, three, five, and 10 years. Over the last decade the fund has risen 283.1%, more than double the 112.2% from the benchmark, and beating the 179.8% return from the average manager in the sector. ‘If prices stay high, then the good miners…can still do well from here, it is not all in the price,’ said Jourdan. ‘The market is sceptical at the momentum but we have not experienced the electrification of transport that is being brought about so it is hard to use history as a guide [for what prices will do].’
10/3/2021
16:23
rathkum: AAA-rated Jourdan backs new commodity supercycle with Hochschild buy By Michelle McGagh 10 Mar, 2021 at 13:08 AAA-rated Jourdan backs new commodity supercycle with Hochschild buy With talk of a commodities super-cycle driving the price of metals higher, Amati’s Paul Jourdan has switched gold miner Centamin (CEY) for Hochschild Mining (HOC) which he says offers more ‘optionality’. Commodities across the board have been enjoying soaring prices, with grain costs jumping and oil shooting above $60 a barrel but it is silver that has stolen the headlines thanks to a retail investor pile-in two weeks ago that pushed the price to an eight-year high of $30 an ounce. Although silver has climbed back down since investors organised via Reddit to put a squeeze on short sellers of the precious metal, it has remained at the forefront of the commodity hike. Citywire AAA-rated Jourdan, manager of the £590m TB Amati UK Smaller Companies fund, has been ahead of the curve, ditching gold miner Centamin in favour of Hochschild Mining, which mines both gold and silver. He said the ‘excitement’ around precious metals, particularly gold, has been driven by government’s undertaking vast money printing programmes, leading investors to use ‘precious metals as a store of value…and defend against currency depreciation’. However, the story is different with ‘platinum group metals’ like silver, which although are used for jewellery also have ‘more of an industrial use’. ‘It is a great conductor of electricity, and anti-oxidising agent and anti-bacterial agent,’ he said. Jourdan said the potential demand for silver will expand if it becomes core to electric vehicle charging. ‘If we go down the route of induction charging – where you do not plug cars in but park in a certain place - that will benefit silver,’ he said. However, he noted that silver is ‘very expensive as an industrial metal’ and if it can be substituted for a cheaper metal it will be. ‘The reason we switched from Centamin to Hochschild is due to what it has in the way or options,’ he said. ‘There will be exploration this year and it has come up with some reasonably good results.’ Jourdan said the economic climate is positive for precious metals as the world moves out of the pandemic and through the ‘global industrial cycle’. China, which was first in and out of the pandemic, saw its economy rebound last year, pushing up demand for industrial metals but Jourdan said the ‘supply is constrained so there is some very good price rises’. Hochschild provides ‘optionality’ for Jourdan in that it has a ‘good number of different assets’ that will allows it to benefit from changes in the industrial cycle. This includes a rare metals mine in Chile, which Jourdan said had been at the centre of some investor disagreement. ‘Some investors disagree about how to take it forward. They say the company is a gold and silver miner and it should just do that but I’m keen for it to develop [the rare metals mine] as strategically it is good to have an independent provider of rare metals,’ he said. It is not just silver and gold that are hogging investor attention. The copper price has been climbing in recent months and in December, Goldman Sachs analyst predicted it will hit a 12-month price target of $9,500 per tonne this year, up from a previous projection of $7,500. The investment bank believes it will go on to hit all-time highs in 2022 as demand grows as electric vehicle production ramps up. Although he was reluctant to make predictions on whether copper prices would continue skywards, he said the historic high levels could be ‘sustained’ and there could be a ‘prolonged period of copper at the higher price’. He has added to his stake in AIM-listed copper miner Atalaya (ATYM), taking it to 2% of the portfolio. ‘It is really well run, it has mature assets, and has plenty of possibilities for expansion,’ he said. ‘[The shares are] not super low cost and I like to invest in assets at low cost.’ Jourdan said Atalya’s secret weapon is the copper processing technology it has that will help to cut costs that will be a ‘significant boost’ to the stock. Miners could continue to track upwards from here thanks to the shift to electric vehicles, which will help Jourdan (pictured above) continue his long track record of outperformance. The fund has outpaced peers in the Investment Association UK Smaller Companies sector and the Numis Smaller Companies plus AIM benchmark over one, three, five, and 10 years. Over the last decade the fund has risen 283.1%, more than double the 112.2% from the benchmark, and beating the 179.8% return from the average manager in the sector. ‘If prices stay high, then the good miners…can still do well from here, it is not all in the price,’ said Jourdan. ‘The market is sceptical at the momentum but we have not experienced the electrification of transport that is being brought about so it is hard to use history as a guide [for what prices will do].’ https://citywire.co.uk/funds-insider/news/aaa-rated-jourdan-backs-new-commodity-supercycle-with-hochschild-buy/a1466566
18/2/2021
19:37
rathkum: This from IC Dividend up, profits down for Hochschild Mining Gold, silver and rare earths seem a perfect 2020 combination, but that other theme for the year - Covid-19 - knocked the miner’s production and profits February 18, 2021 By Alex Hamer Covid-19 shutdowns hit Hochschild Mining's 2020 earnings Miner announced higher dividend and net cash position, however Hochschild Mining (HOC) shareholders must have watched with envy as other precious metals miners saw profits soar in 2020. The company has been negatively affected by Covid-19 disruption, but all is not lost. Hochschild has increased its dividend and reached its first net cash position in almost a decade. Shareholders will be paid a final dividend of 2.335ȼ (1.67p), bringing the total for 2020 to 6.335ȼ. HOC:LSE Hochschild Mining PLC 1mth Today change -2.91% Price (GBP) 213.20 Its profits and sales fell below 2019 despite the stronger gold and silver prices because of Covid-19 shut-downs. The company’s mines in Peru were shut down for much of the June quarter and its Argentina operation was also suspended at the end of 2020. Adjusted cash profits for the year were down a fifth on 2019 at $271m. Chief executive Ignacio Bustamente told Investors’ Chronicle the company still had a strong financial footing after the pandemic-hit year. “[This year] we should be generating a material amount of cash flow that should allow us to easily be able to complete our capex plans to continue paying dividends and also generating additional cash,” he said. That additional cash could go towards acquisitions, Bustamente said. The capital spending plan for 2021 is extensive, with $34m going to mine expansion works and $11m going to assets that are still in the exploration phase. Hochschild has guided a production recovery in 2021, with a forecast of 360,000-372,000 gold equivalent ounces. RBC Capital Markets analyst Tyler Broda sees the miner’s cash profits climbing by half this year, to $412m. At the end of 2019, the company made the surprise purchase of a rare earth elements project in Chile. Now, the decision looks prescient as geopolitics continue to dominate the market for the critical ingredient in wind turbines, electric vehicles and military technology. China dominates rare earths supply and processing. This week, the Financial Times reported the country would bring in tighter export controls of the materials. Bustamente said the Biolantanidos project was still in the early planning stages, but that “many different entities” had already made contact hoping to make supply deals. Hochschild will release a feasibility study on the mine before mid-year, which will give estimates of costs and potential profits from the operation. Hochschild lacks the impressive valuation increase of fellow Americas-focused precious metals miners - Fresnillo (FRES) particularly - but still offers plenty to shareholders after a very difficult year. Buy at 214p. HOCHSCHILD MINING (HOC) ORD PRICE: 214p MARKET VALUE: £ 1.1bn TOUCH: 214-215p 12-MONTH HIGH: 327p LOW: 80p DIVIDEND YIELD: 2.1% PE RATIO: 99 NET ASSET VALUE: 141ȼ NET CASH: $21.6m Year to 31 Dec Turnover ($m) Pre-tax profit ($m) Earnings per share (ȼ) Dividend per share (ȼ) 2016 688 108 9.0 2.76 2017 723 64.1 8.0 3.35 2018 704 38.4 3.0 3.92 2019 756 76.8 6.0 2.00 2020 622 62.9 3.0 6.34 % change -18 -18 -50 +217 Ex-div: 06 May Payment: 02 Jun £1=$1.39
15/1/2021
10:47
rougepierre: This is JPM for you... The Eduardo deal was a "Disposal of shares through a block trade managed by J.P. Morgan Securities PLC" It was executed on 3 December at 200p, down from 236.8p the day before... On 14 January we get this... "JPMORGAN CUTS HOCHSCHILD MINING PRICE TARGET TO 215 (265) PENCE - 'NEUTRAL'" There are plenty here and everywhere suggesting over many years that the silver market has been manipulated...? On 6 November the silver price closed at $25.5 and HOC closed at 270.4... The silver price was then dropped to $21.9 on 30 November...just as Eduardo was contemplating his sale...it was hiked by 10% the following day... Right now the silver price is $25.5 again and the HOC share price is 200p... My conclusion...JPM are filling their boots for clients with silver futures, silver bullion and Hochschild shares... If this doesn't get taken over, its booked for the stars...and my £100k backs that... AIMO as usual...
14/1/2021
13:03
charlieeee: Biolantanidos targets HRE production in 2022-23 Published date: 24 June 2020 Share: There is increasing interest in the growth potential of heavy rare earth prices and potential suppliers as the world's largest rare earth producer, China, now relies on imports of heavy rare earth ore after closing down its depleted and polluting mining operations. And the rest of the world is dependent on China's capacity to process and separate the ore into the heavy rare earth oxides crucial to the magnets that will power the transition to electric vehicles (EVs). Last October, gold producer Hochschild, which has large mining operations in the Americas, diversified into rare earths by acquiring the outstanding 93.6pc of the Biolantanidos heavy rare earth ionic clays deposit in Chile from investment fund Minera Activa. Argus spoke with the recently appointed chief executive, Rodrigo Ceballos, about project developments and some of the challenges specific to the rare earth industry. Since the announcement that Hochschild increased its stake in Biolantanidos to 100pc, we have heard little about the project beyond a commitment to submit a revised feasibility study in 2021. When Hochschild bought the project, they said the key is to fully understand the resource and its potential recovery efficiency. And this is what we have been doing. We are working on a definitive feasibility study (DFS) that will be released in the fist quarter of next year. We have done extensive exploration and consolidated all the mining property. We have also made good progress in engineering and built a great team of professionals. Maybe there has been more work and achievements than communications, despite the fact that Biolantanidos is one of the few feasible, fully funded, western-hemisphere heavy rare earth projects. I personally joined the company because of its strong commitment to deliver the project to the highest standards, both internally (process efficiency) and externally (environment, communities). Hochschild is specialised in the underground mining of precious metals, but Biolantanidos is an open-pit project. What kind of technical challenges do you envisage? Hochschild's experience is tremendously valuable in the development of our project. With its extensive knowledge and network, it has identified the best experts in the field. Since the start, we have worked with specialists from the public and private sectors, institutions including the University of Concepcion, University of Chile and the Chilean Economic Development Agency (Corfo), in addition to top-tier professionals in Canada and Germany, among others. We are laying the foundations for the rare earth industry in Chile and contributing to its development in Latin America. The biggest technical challenge for the project is actually related not to the type of mining but to process optimisation. Can you explain what you mean by process optimisation? This project is unusual because it is a heavy rare earth ionic clay deposit. There is not much experience outside of China of ionic clay mining. Ionic clays have a much easier mineralogy than hard rock deposits. They have a simpler structure so you need far less complex processes to get to, extract and concentrate the minerals. For example, we do not need to do any crushing, milling or cracking [acid and alkali treatment]. This, of course, makes it cheaper and economically stronger. But there is a trade-off. There is always a trade-off. The ore grade [mineral percentage by weight] is lower compared with other types of deposits, like carbonatites and hydrothermal veins. So you need to be efficient, and you need to be very precise. It is important to mention that the process we are using is extremely environmentally friendly. The main reactant we use for extracting the minerals is a commonly used fertilizer, water consumption is very low and the process has a high degree of recirculation. The technology is proprietary. A pilot plant was built and successfully operated by the previous owners. What do you see as the biggest challenge that is specific to rare earths? We see a strong demand outlook for dysprosium and terbium in the medium and long term, driven by the electrification of the transportation sector and growth in renewable energy. But there does not seem to be a relevant group of rare earth projects coming to production soon. It is clear that the magnet sector has a lot of growth potential. But what is specific, I would say to the rare earth industry, is that price volatility — which at times has been intense — is not only driven by regular supply-and-demand fundamentals but by government policies — ie, duties, import/export bans, production quotas — which are all hard to predict. Therefore, a project needs to have a basket composition in which the prices are high enough and the cost structure low enough to shield against price turbulence caused by factors outside the industry. When do you expect to start production? Who do you see as your customer? We initially aim to start production by the end of 2022 or early 2023. Although a base case could be to sell this output to China, which today is basically the only country with the commercial capacity to separate heavy rare earths. But we definitely see ourselves as a supply source for the rest of the world. We firmly believe there will be increasing demand for [heavy rare earth] dysprosium, terbium, [light rare earth] neodymium and praseodymium products in the west as key industries further develop. The global need to diversify supply has grown. We have seen US and European initiatives to secure new sources and additional rare earth oxide separation capabilities. In this scenario, Biolantanidos is a competitive and sustainable alternative.
Hochschild Mining share price data is direct from the London Stock Exchange
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