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
  -5.60 -2.7% 201.80 2,204,391 16:35:16
Bid Price Offer Price High Price Low Price Open Price
204.20 204.60 206.00 198.90 204.20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 454.82 46.02 2.19 93.5 1,032
Last Trade Time Trade Type Trade Size Trade Price Currency
17:55:46 O 4,954 202.316 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 207.40p.
Hochschild Mining Plc has a 4 week average price of 198.90p and a 12 week average price of 187.20p.
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 2,617,488 shares. The market capitalisation of Hochschild Mining Plc is £1,032,034,915.05.
spinnereins: Ok I understand the 100 percent margin or you can;t play. but how does that affect say Fres or Hoc one available on margin one not ? Fres is down Hoc up albeit slightly i would have though other way around...if hoc shares get forcibly closed out won;t that push it lower ? At the same time i get that its seen that hoc is a possible target for people to jump on board. Can't figure why not Fres as fact it's more silver exposure than hoc to my understanding
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
digger18: 1 year ago share price was circa £1.70 now £1.97 So circa +15%. 1 year ago Gold was circa $1550 and now $1850, all going to the bottom line. 1 year ago Silver circa $15.50 and now $25, All to the bottom line. 1 year ago, shares in issue 514m and now, 514m - no change. No debt ! World finances in turmoil. A difficult but still profitable year in 2020 behind us and now full steam ahead🤞 This share price is just crazy and surely fundamentals have to come through?
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 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...
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.
stevea171: 02 December 2020 Proposed secondary placing of shares in Hochschild Mining plc Pelham Investment Corporation (the "Seller") announces today its intention to sell approximately 62 million ordinary shares of Hochschild Mining plc (the "Company") (the "Placing Shares"), representing approximately 12 per cent. of the Company's existing issued ordinary share capital, through a placing to institutional investors (the "Placing"). The Seller is a company owned by Mr Eduardo Hochschild, Chairman of the Company, through which he holds his shareholding in the Company. Following the Placing, the Seller is expected to hold approximately 197 million shares representing approximately 38 per cent. of the Company's issued ordinary share capital. The Placing Shares will be offered to institutional investors (the "Placees") through an accelerated bookbuild to be carried out by J.P. Morgan Securities plc (which conducts its UK investment banking activities as J.P. Morgan Cazenove) ("J.P. Morgan Cazenove") acting as sole bookrunner. The books for the Placing will open with immediate effect. In relation to the interim dividend announced 20 November 2020, as settlement of the Placing Shares will occur after the Record Date of 04 December 2020, the Placees will not be entitled to receive the interim dividend payments. The sale is subject to demand, price and market conditions, and, in particular, the number of Placing Shares may be changed. The identity of Placees and the basis of the allocations are at the discretion of the Seller and J.P. Morgan Cazenove. The price at which the Placing Shares are to be placed and the final number of Placing Shares will be agreed by the Seller and J.P. Morgan Cazenove at the close of the bookbuilding process. The details will be announced as soon as practicable after the close of the bookbuilding process. Mr Hochschild's family founded Hochschild Mining over one hundred years ago and he remains committed to the Company in the long-term. Nevertheless, Mr Hochschild believes now is an appropriate moment to recycle some capital from his holding in the Company to facilitate investments elsewhere across his existing businesses and in new opportunities. Mr Hochschild reiterates his firm belief in the Company's future and his confidence in the Company's current management team to continue delivering strong operating results as they have done this year in exceptionally challenging circumstances. He believes the Company's growth strategy has the potential to create significant shareholder value and he looks forward to sharing in this value creation process with fellow shareholders with his significant remaining holding. Furthermore, the Placing provides an opportunity to increase the free float of the Company which in turn should enhance liquidity to the benefit of all shareholders. Mr Hochschild will continue to serve as Chairman of the Company and, pursuant to the relationship agreement between the Company and the Seller, the Seller will retain the right to nominate up to two directors to the Company's Board. Mr Hochschild confirms he has no intention to reduce his shareholding to a level where these entitlements would lapse. In line with that commitment, and as part of the Placing, the Seller has agreed that it will not, for the period ending on the later of (i) 90 days after completion of the Placing; and (ii) the date of publication of the audited accounts of the Company for the financial year ending 31 December 2020, offer, sell or otherwise transfer any shares from its remaining shareholding in the Company, subject to customary exceptions. The Company will not receive any proceeds from the placing.
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."
stevea171: 2021 share tips starting early. I expect HOC, tipped here, will appear on many of the lists as they appear in the run up to Xmas and into the New Year. Stock market rally: 4 UK shares I’d buy in my ISA to get rich from the new bull market. Royston Wild. Wed, 18 November 2020. I won’t be impatient if UK share prices fail to soar again in the near future, however. I’m confident that British stocks will recover all of the ground they’ve lost in 2020 and that the FTSE 100 et al will eventually hit fresh record highs. Past form shows that it’s a question of if rather than when. And as someone who invests for the long haul I’m happy to wait. In the meantime I’m searching for UK shares that’ll soar during the new bull market, whenever that will be. Here’s four stocks I’m thinking of buying for my Stocks and Shares ISA today: Everyman Media Group GB Group International Consolidated Airlines Group Hochschild Mining Producers of cyclical raw materials like oil and base metals often enjoy the quickest earnings turnarounds as economic conditions improve. So I expect Hochschild Mining to ride this phenomenon as silver off-take rises from a variety of different industries. One final thing: I think having exposure to silver-related assets is a good idea in an era of low interest rates and rising inflation.
Hochschild Mining share price data is direct from the London Stock Exchange
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