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Prices & Quotes - UK Markets - Hochschild Mining (HOC)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 215.00p
Change Today:
-10.00p
Market Cap:
1,104.83m
Sector:
Mining

Hochschild lifts guidance as 2020 output hits upper end of range

By Frank Prenesti

Date: Wednesday 20 Jan 2021

LONDON (ShareCast) - (Sharecast News) - South America-focused Hochschild Mining lifted 2021 output guidance after full-year production came in at the upper end of forecasts, despite Covid-19 pandemic disruption.
The company on Wednesday reported full year attributable production of 289,293 gold equivalent ounces, compared with revised guidance of 280,000 - 290,000 ounces.

It said the production figures represented "a strong ongoing recovery versus the previous two quarters with the Inmaculada and Pallancata mines in full production throughout the period".

Forecasts for 2021 production target were 360,000-to-372,000 gold equivalent ounces, with all-in sustaining costs expected to be $1,210-to-$1,250 per gold equivalent ounce and capital expenditure to be approximately $120m - $130m, Hochschild said.

Chief executive Ignacio Bustamante said the company's balance sheet was now in a net cash position following a period of "substantial free cashflow generation driven by our strong operational performance and ongoing favourable precious metal prices".

"Finally, our brownfield programme continues to advance with Inmaculada expected to increase reserves significantly and encouraging new drill results achieved at Arcata, San Jose and Corina."



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HOC Market Data

Currency UK Pounds
Price 215.00p
Change Today -10.00p
52 Week High 317.40p
52 Week Low 92.55p
Volume 2,995,682
Shares Issued 513.88m
Market Cap 1,104.83m

Performance Indicators

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What The Brokers Say

Strong Buy 5
Buy 0
Neutral 4
Sell 0
Strong Sell 0
Total 9
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

HOC Dividends

  Latest Previous
  Final Interim
Ex-Div 06-May-21 03-Dec-20
Paid 02-Jun-21 31-Dec-20
Amount 2.33¢ 4.00¢

Trades for 26-Feb-2021

Time Volume / Share Price
16:37 312,957 @ 215.49p
16:37 250,000 @ 215.49p
16:37 3,487 @ 215.00p
16:37 13,028 @ 215.49p
16:35 688,115 @ 215.00p

HOC Key Personnel

Chair Eduardo Hochschild
CEO Ignacio Bustamante