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
  17.20 8.09% 229.80 1,932,735 16:35:18
Bid Price Offer Price High Price Low Price Open Price
230.00 230.40 233.00 217.00 217.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 569.81 77.98 6.79 34.1 1,175
Last Trade Time Trade Type Trade Size Trade Price Currency
18:04:37 O 2,890 229.823 GBX

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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 212.60p.
Hochschild Mining Plc has a 4 week average price of 206.20p and a 12 week average price of 204p.
The 1 year high share price is 326.80p while the 1 year low share price is currently 80.40p.
There are currently 511,414,725 shares in issue and the average daily traded volume is 1,621,915 shares. The market capitalisation of Hochschild Mining Plc is £1,175,231,038.05.
misterbluesky: Top 10 List For Gold/Silver Miners Nov. 15, 2020 Summary Producers and near-term producers with good risk-reward profiles. Stocks that I expect to perform well in a rising gold/silver price environment. Solid properties and management teams that should have high free cash flow. Below is the current Top 10 list in the GSD Newsletter. The lowest upside rating is a 2, which is an expected 300% return at higher gold/silver prices. So, all of the stocks on this list are expected to have high returns. Some of them have higher risks than others, but overall, they tend to have very solid risk-reward profiles. The majority of companies are in good locations, although there is significant production in Mexico and one stock in West Africa, also some exposure in South America. Not all of them have pristine balance sheets, which is reflected in their high-risk rating. So, if gold/silver prices drop significantly, these stocks could fall rapidly in valuation. What makes this list strong is the quality of their properties/projects, along with valuations that are leveraged for higher gold/silver prices. All of these stocks should do well in a rising precious metals bull market. Top 10 List...(see the actual article) I will give you a short analysis of why each stock makes my Top 10. Most of these stocks are well-known, so the analysis will focus more on the nuances of why I picked them. I have also included my expected future market cap for each stock based on gold prices at $2,500 and silver at $100. One question I'm sure many of you will ask is what is the future timeline for these valuations? The answer is 3 to 5 years, although that is only a guess, as our future market cap estimates. Another question you will ask is why are the future free cash flow multiples different for each company? Why do I use random values from 5x to 10x? This is based on a number of factors, but mostly my experience and gut-level expectations. Some people find that guessing the future is a fool's errand and instead they focus on current company valuations. I find that it is very useful to project out into the future using estimated future production, estimated future costs, and estimated future metal prices. I have found this to be extremely beneficial in picking stocks. I'll give you an example. In 2008, after gold & silver prices collapsed, along with share prices for the miners, I used this method to identify stocks that had large upside potential. I compared their current market cap to my estimated future market cap. It worked extremely well, and I expect to again during this bull market, as displayed below in this article. Hochschild Mining (OTC:HCHDY): Hochschild has been mining in South America for about 50 years. They have a very experienced team. They get about half their revenue from gold and half from silver. Their production comes from Peru and Argentina, although they have a large (9 million oz.) low-grade gold development project (Volcan) in Chile. I think their Volcan project will end up being worth more than their current market cap at higher gold prices. This is a company with a lot of resources (gold and silver) and should become a 40 million oz. AGEQ producer in the next few years. Their balance sheet has been improving and they have very little net debt. Their costs have been high which adds a bit of risk, and this is why their valuation is currently low. However, they have a huge amount of leverage for higher gold/silver prices. Estimate Future Valuation at $100 silver. Estimated Future All-In Costs (breakeven) Per oz.: $18. Estimated Future Annual Production: 25 million oz. (AGEQ). Estimated Future Free Cash Flow: $2 billion. Estimated Future Market Cap: $10 billion. Current Market Cap: $1.6 billion. Notes...
d3009: Nice RNS to start the day. Dividend + expecting to hit production targets + AISC lower than expected - Enjoy! hTTps:// Hochschild Mining PLC (HOC.LN) (OTCMKTS: $HCHDF) ("Hochschild" or "the Company") is pleased to announce that, at its scheduled Board meeting on 19 November 2020, the Directors of the Company (the "Board") approved the payment of an interim dividend of 4.0 cents per share ($20.6 million). This decision was taken following the withdrawal of the recommendation to pay the 2019 final dividend and the postponement of the 2020 interim dividend due to the uncertainties caused by COVID-19 and the risk to the Company's operations. The Board recognises that whilst the Covid-19 crisis continues to affect both Peru and Argentina, Hochschild's balance sheet remains strong with the mines delivering a period of steady operation under strict health protocols supported by robust commodity prices. The Board will consider payment of a final dividend in respect of the financial year ended 31 December 2020 at its next scheduled meeting in February 2021. The Company is also today announcing its 2021 guidance following the completion of its budget process. Details are provided below. With regards to the current year, Hochschild remains on track to meet revised production guidance of 280,000-290,000 gold equivalent ounces or 24.0-25.0 million silver equivalent ounces. The all-in sustaining cost from operations in 2020 is now expected to be lower than revised guidance at between $1,200 and $1,250 per gold equivalent ounce or $14.0 and $14.5 per silver equivalent ounce. Ignacio Bustamante, Chief Executive Officer said: "Hochschild continues to recover well operationally from the Covid-19 related stoppages and with the situation steadily improving in the region, our Board considers the resumption of dividends as one of its priorities and confirms our confidence in the outlook for the business. In addition, we have also published our guidance for 2021 with the production, costs and capital expenditure reflecting the steady recovery. We remain in a healthy financial position and with continued strong precious metal prices and our ambitious brownfield programme in full swing, we can look forward to an exciting 2021."
spacedust: Great posts. Will not make a difference to hoc share price unfortunately. Which really is a shame coz it should......
spacedust: Yet hoc share price remains static......this will be 300p
risa5: 2 FTSE 250 stocks I’d buy for a second wave of the coronavirus Friday, 16th October, 2020 | More on: HOC IGG Striking FTSE 250 gold In times of crisis, investors flock to gold. Although the price of the yellow metal dipped as investors sold everything in March this year, it was not hit as hard as oil or stocks. In fact, the first wave of the coronavirus was positive for gold: its price is up 24% since the start of the year, and an all-time high price of $2,063 per troy ounce was hit in August. Higher gold prices are good for the companies that mine and sell it, like Hochschild Mining. Investors might flock to safe-havens, like gold again if economies stutter in the second wave of the coronavirus. Investors bidding up the gold price would be positive for Hochschild Mining’s share price. Beyond the coronavirus, there is the possibility of inflation returning, which is positive for the price of gold. Hochschild also mines silver which is used in things like solar cells. Net-zero targets and ‘green recovery’ packages bode well for the long-term price of silver. Higher silver prices are good for shareholders of FTSE 250-listed Hochschild Mining.
risa5: Hochschild Mining presses reset on Peruvian operations September 22, 2020 Hochschild Mining (LON: HOC) recently resumed production at full capacity at its biggest gold-silver mine in Peru, Inmaculada, following months of disruption caused by the coronavirus pandemic. The precious metals miner said it has implemented a series of measures to deal with a potential second wave of covid-19 at all of its operations to avoid major issues. Speaking to MINING.COM, chief executive Ignacio Bustamante said Hochschild employees now follow a stricter set of health protocols than those mandated by authorities in Peru an Argentina, including a “double covid-19 testing” program. THE PRECIOUS METALS MINER SAID IT EXPECTS VOLATILITY IN THE GOLD AND SILVER MARKETS TO LINGER THIS YEAR “As a company, we have been aiming to focus on prioritizing the health of our employees above business continuity,” Bustamante said. “We have also backed up these protocols with an ongoing communication campaign and a bespoke IT system to monitor the progress of cases amongst our employees and to facilitate shift-changes in a covid-secure manner.” Hochschild was forced to shut its flagship Inmaculada and its other Peruvian mine, Pallancata, from mid-March to mid-May as the country went into a strict lockdown. It reopened but was then forced to halt work at Inmaculada again in July after a number of workers tested positive for covid-19. The company was finally able to resume operations at full tilt on September 7. Restrictions on the movement of people in Argentina, however, remain in place, but Hochschild expects to reach full production by the fourth quarter. The company has already felt the impact of the closures on production. Before the pandemic, it expected to mine 36 million ounces of silver equivalent or 422,000 ounces of gold. It now targets 24 million to 25 million ounces of silver equivalent this year and 280,000-290,000 of gold equivalent. “We have issued a realistic revised forecast range but if we do see further stoppages due to the virus we might need to revise those figures,” Bustamante said, adding that the situation in both countries remained “delicate.” Ahead with exploration Hochschild is moving forward with its largest ever brownfield program, which includes over 200,000 metres of drilling. It’s focused on a number of precious metal targets in Peru and Argentina, close to its existing operations. The goal, Bustamante said, is to increase the life-of-mine of the company’s mines, improve the quality of its resources and fill up the spare plant capacity it has. Hochschild is also carrying out drilling at early stage projects including Crespo and Arcata in Peru, as well at other projects or former mines such as Condor, Corina and Ares. HOCHSCHILD IS EXECUTING A $9 MILLION GREENFIELD EXPLORATION PROGRAM, WITH TARGETS IN THE US, MEXICO AND CANADA The miner, which participated in the 2020 Denver Gold Forum Americas conference this week, is also executing a $9 million greenfield exploration program, with targets in the US, Mexico and Canada. Those include the SNIP project in British Columbia, being advanced by Skeena Resources, and in which Hochschild has an option on. The company has ventured into a new market, with its BioLantanidos rare earths project in Chile, which is expected to reach the feasibility stage early next year. “We believe that this ionic clay deposit (a type that is very rare outside of China) has the potential to be one of the lowest cost sources of high demand rare earths globally,” Bustamante said. “Ionic clay resources differ from the more common hard rock-based rare earth projects as the mineralization occurs close to the surface and does not require explosives.” That kind of project doesn’t need tailings dams, as the clay undergoes a simple and environmentally-friendly desorbing process that uses no harmful chemicals to extract the rare earth oxide before the washed clay is simply returned to the pit, Bustamante noted. Bustamante said the company still anticipates some volatility in silver prices and the market in general. “We think that the strength of silver price is underpinned by the significant fiscal and monetary stimulus initiated by governments and central banks in response to the covid-19 crisis and a weakening of the US dollar,” he said. Bustamante added there hasn’t been a significant supply response from silver or gold sectors yet. There are very few substantial primary silver projects close to production and many projects remain stuck in development or require significant financing, he noted. Gold prices have climbed this year by about 28%, hitting a record high of above $2,000 an ounce in August. Silver has also been gaining, outperforming gold, and is up 50% to $24 an ounce.
risa5: Hochschild cuts output guidance but signals waning Covid-19 impact FTSE 250 miner says flagship site in Peru is back to normal after coronavirus halt Hochschild Mining has lowered this year’s gold and silver output forecasts after the Covid-19 pandemic hit its operations in South America. However, the FTSE 250 group said on Monday its flagship Inmaculada operation in Peru had resumed full operations after being halted for a second time in July when workers tested positive for coronavirus. “The company has implemented a more stringent set of health protocols at the mine than mandated by authorities and introduced a comprehensive testing programme,” Hochschild said. Shares in the company rose 3 per cent in morning trading on Monday. While the stock has gained 35 per cent this year it has lagged behind the 50 per cent rise in the price of silver, to $27 an ounce. Hochschild was forced to close its mines in Peru for 11 weeks starting in March after the government declared a 15-day emergency because of the virus. The company’s San Jose mine in Argentina was also shut for six weeks during a nationwide quarantine. On July 6 Hochschild said that “despite taking a number of preventive measures” including testing and mandatory quarantine, a number of workers had tested positive for Covid-19 at Inmaculada. The company said it had temporarily halted operations as a result. Hochschild operates three underground mines, two in southern Peru and one in Argentina. Due to mine closures, Hochschild said it expected to mine 24m-25m ounces of silver this year and 280,000-290,000 of gold, down from a previous target of 35m ounces of silver and 432,000 of gold. (should be EQUIVALENT OZs of gold or silver) The company said capital spending would also increase to between $110 and $120m because of deferred mine development at Inmaculada and San Jose. Hochschild also flagged higher costs, saying it expected “all-in sustaining costs”, a metric that combines operational and maintenance costs, to be $14.50-$15 for an ounce of silver and $1,250-$1,290 for gold in 2020 because of the pandemic, up from $12.5-$12.9 and $1,015-$1,045 previously. Analysts at Berenberg said Hochschild’s strong balance sheet and high silver prices meant it was “more than able to increase spending”. Still, Hochschild’s revised guidance was below its expectation of 26.4m ounces of silver, Berenberg said.
sotolo: Stevea where do you see Hoc share price going in next few months IF gold and silver stay where they are now?
risa5: Stock market crash: A dividend stock whose share price could surge in August! Royston Wild 19 July 2020, 7:38 am You should always look to buy companies with a view to how they’ll likely be performing several years from now. The most successful share investors following the 2020 stock market crash are likely to be those with long-term strategies. Buying shares based on what you’ll think their share prices will do over a short time horizon often spells trouble. That’s not to say that investors shouldn’t buy shares today in the hope of meaty share price gains. Provided you buy companies with bright long-term futures, and strong balance sheets to help them navigate temporary problems for the global economy, then adding shares to your investment in expectation that they’ll gain value in August remains a good idea. Even if another stock market crash happens next month, companies of true quality should still furnish you with terrific returns over the long run. Navigating the stock market crash I’d certainly buy Hochschild Mining (LSE: HOC) shares on hopes of a silver price surge in August. The business hasn’t fallen in value as part of the broader stock market crash. In fact the FTSE 250 miner has gained 18% in value in 2020 thanks to rocketing metal values. And I’m encouraged of more gains by City brokers steadily ramping up their silver price forecasts. The number crunchers at Jefferies are the latest to upgrade their expectations on strong investment demand. They now expect silver – which just spiked above the $19 per ounce marker – to keep rising to average $19.50 in quarter four. They think it’ll average 20 bucks an ounce in 2021, too. Buy into this silver star Buying Hochschild Mining shares is a great way to ride the rocketing silver price. News from the business, which digs for metal all over the Americas, hasn’t been that brilliant of late. Silver production crashed in the first half due to Covid-19-related shutdowns. But the bright silver price has allowed it to avoid sinking amid the broader stock market crash. Normalising work conditions more recently suggest that the business is over the worst of it. Indeed, I’d buy Hochschild as production at its flagship Inmaculada asset in Peru goes from strength to strength and exploration at the mega mine continues to yield terrific results. I’d also buy because of the bright outlook for silver prices beyond the medium term, first on expectations of strong safe-haven demand and secondly on the likelihood of improving industrial demand as the global economy steadily improves. Hochschild doesn’t carry the biggest dividend yields out there. These sit at 1% and 1.7% for 2020 and 2021 respectively. But City brokers expect dividends to explode over the medium term as profits improve. And I expect them to keep rocketing as silver prices likely keep on improving. I’d buy this FTSE 250 dividend stock today and hold it for years.
rathkum: Silver prices are rocketing! I believe that Hochschild Mining (LSE: HOC) has the words ‘millionaire maker’ stamped all over it. Why? It’s a major player in the production of silver and is thus well placed to ride the booming metal price over the next several years. Some would actually say that Hochschild is one of the better stocks to buy if you want to get access to precious metals. Both gold and silver are rocketing in value right now and the latter just hit seven-year peaks above $23 per ounce. But silver’s gains have been much less impressive than those of gold over the past year. And this means that it has much more scope to rip higher from now on, supercharging Hochschild’s profits in the process. How high can silver go? Well the boffins at Citi expect the shiny commodity to hit $25 by the middle of next year. A dreaded mix of macroeconomic and geopolitical problems (trade wars, Brexit, a Covid-19 hangover and the like) is likely to keep investment demand for the metal rising. And industrial demand for silver should pick up steadily in the next year or so as the global economic recovery kicks in. One of the great dividend stocks to buy right now These factors make Hochschild a terrific growth stock to buy today. City analysts expect earnings here to fall around 45% in 2020 because of Covid-19-related production stoppages. They think that the company will rebound with an increase of round 330% in annual earnings in 2021, though. As a consequence, dividends are expected to rocket, too. An annual payout of 2.2 US cents per share that brokers project for this year is expected to surge to 3.7 cents in 2021. This means that an inflation-beating yield of 1% marches to 1.6% for next year. These are not the biggest dividend yields out there, sure. But the likelihood of rocketing silver prices, and thus Hochschild’s earnings, over the next few years means that dividends can be expected to keep on booming. In my opinion Hochschild is one of the best stocks for income chasers to consider buying today. And a forward price-to-earnings (P/E) ratio of just 14 times for 2021 suggests impressive value for money.
Hochschild Mining share price data is direct from the London Stock Exchange
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