Hochschild Mining comments on media reports about possible government closure of its mines in Peru
Hochschild said it has not received any formal communication from the government
Company
Hochschild Mining PLC
LON:HOC
Hochschild Mining PLC is a leading precious metals company listed on the London Stock Exchange (HOCM.L / HOC LN) and crosstrades on the OTCQX Best Market in the U.S. (HCHDF), with a primary focus on the exploration, mining, processing and sale of silver and gold. Hochschild has over fifty years' experience in the mining of precious metal epithermal vein deposits and currently operates three underground epithermal vein mines, two located in southern Peru and one in southern Argentina. Hochschild also owns the Mara Rosa Advanced Project in Brazil as well as numerous long-term projects throughout the Americas.
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Hochschild Mining says Aclara Resources spin-off seeks to raise US$100mln on Toronto listing
Aclara is seeking to raise about US$100mln on listing, valuing the company at about US$237mln based on pricing estimates
Hochschild Mining posts strongest production quarter of year with 37% jump in output
Production was boosted by higher-than-expected grades and recoveries at the Inmaculada mine in Peru
Hochschild Mining gets thumbs-up for Aclara Resources demerger plan
Aclara will raise additional capital at the time of its flotation on the TSX
Hochschild Mining's adjusted earnings more than double in first half on higher gold and silver output
Production rose to 175,119 gold equivalent ounces from the pandemic-impacted 2020 figure of 126,835 ounces
Hochschild Mining swings to net cash thanks to higher precious metals prices
However, the pandemic is still heavily impacting both of the countries the miner operates in, with delays causing lower grades at the Inmaculada mine
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Hochschild Mining to resume dividend payments
"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," the CEO said.
Hochschild Mining on track to deliver full-year production target
In the nine months to September 30, the miner produced 39,195 ounces of gold and 2.5mln ounces of silver
Hochschild Mining gives production guidance for 2020 as Inmaculada hits full capacity
The overall attributable production target for 2020 has been revised down to 280,000-290,000 gold equivalent ounces.
Hochschild holds fire on dividend while assessing impact of coronavirus mine suspensions
The Peruvian precious metals miner slid to a US$9mln loss before tax from continuing operations from a US$16.7mln profit last time
Quiet Wednesday to be punctuated by Hochschild results, UK inflation data eyed
Investors will also be looking across the pond for the latest batch of Federal Reserve minutes
Hochschild higher as it plans restart at Inmaculada mine next week
The miner said a number of its operations are currently halted due to a number of cases of coronavirus, with a reduced workforce performing care and maintenance activities
Hochschild Mining halts operations at Inmaculada due to coronavirus outbreak
Hochschild Mining is a major producer of silver and gold
The continued strength in gold and silver prices could presage another bout of corporate activity
The gold price has resumed its upward march over the past few days
Hochschild to restart operations at Inmaculada and Pallancata mines in Peru
Hochschild is the London-market's go-to silver company
Hochschild Mining doubles profits as gold price rises
Last year's higher gold and silver prices pushed revenue and profits up
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FTSE 100 closes firmly in green as potential Chinese economic moves boost sentiment
Britain's blue chip benchmark closed over 75 points higher at 7,457. The midcap FTSE 250 index was also up - adding over 172 points at 21,850
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Inflation news key for Wednesday
Analysts at Capital Economics are expecting the figures to show a rebound in inflation in January, reducing the chances of an interest rate cut this year
Hochschild cuts gold production guidance while costs rise
The FTSE 250 metal miner said it expects production to fall to 432,000 gold equivalent oz or 35mln silver equivalent oz