Hochschild Mining PLC (HOCM.L)
|Market Cap (Mil.):||£599.12|
|Shares Outstanding (Mil.):||367.10|
Aug 20 - Silver miner Hochschild Mining Plc reported a 4 percent rise in first-half adjusted core earnings, helped by its aggressive cost-cutting programme and increased output from its mines in Peru and Argentina.
(Corrects paragraph 2 to say adjusted EBITDA rose, not fell)
(Adds details on Hochschild's Inmaculada project, Fresnillo Plc results, adds analyst comment)
LONDON, March 14 - Increasing numbers of gold miners, battered by last year's drop in bullion prices, are selling planned output forward to help shore up their finances for stormy times, but these hedges are only for the short term.
LONDON, March 12 - Hochschild Mining Plc has canceled dividend payments until its financial situation improves, its latest cost-cutting measure as it tackles the impact of weak precious metals prices on the profitability of its mainly Peru-based operations.