Hochschild Mining PLC (HOCM.L)
19 Dec 2014
|Market Cap (Mil.):||£296.80|
|Shares Outstanding (Mil.):||367.10|
** Hochschild Mining's shares hit more than 6-yr low after brokerage RBC cuts TP, saying co remains a "structurally higher cost silver miner" at prevailing metal prices
(In seventh paragraph, corrects to say that 2015 output target is above, not below, production forecast for 2014)
Nov 28 - Silver miner Hochschild Mining Plc said it would cut production and spending at two mines in southern Peru in 2015 as a way to stay profitable at a time of weak prices.
* Keeps FY production target of 21 mln silver equiv ounces
Oct 23 - Precious metals miner Hochschild Mining Plc kept its production target of 21 million silver equivalent ounces for this year despite posting a fall in third-quarter production.
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)