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India

Hochschild Mining PLC (HOCM.L)

HOCM.L on London Stock Exchange

227.90GBp
14 Dec 2017
Change (% chg)

-5.20 (-2.23%)
Prev Close
233.10
Open
233.10
Day's High
238.50
Day's Low
226.50
Volume
1,872,018
Avg. Vol
1,533,880
52-wk High
337.60
52-wk Low
186.60

Latest Key Developments (Source: Significant Developments)

Hochschild ‍on track to deliver 2017 production target
Wednesday, 18 Oct 2017 

Oct 18 (Reuters) - Hochschild Mining Plc ::‍ON TRACK TO DELIVER OVERALL 2017 PRODUCTION TARGET OF 37 MILLION SILVER EQUIVALENT OUNCES​.‍2017 ALL-IN SUSTAINING COSTS PER SILVER EQUIVALENT OUNCE EXPECTED TO MEET $12.2-12.7 GUIDANCE​.Q3 TOTAL GOLD SOLD ‍73.99​ KOZ VERSUS 77.85 KOZ IN Q3 2016.Q3 TOTAL SILVER EQUIVALENT ‍11,940​ KOZ VERSUS 11,747 KOZ IN Q3 2016.Q3 INMACULADA SILVER PRODUCTION ‍1,499​ KOZ VERSUS 1,318 KOZ IN Q3 2016.Q3 INMACULADA GOLD PRODUCTION ‍43.72​ KOZ VERSUS 42.48 KOZ IN Q3 2016.Q3 ‍SILVER PRODUCTION 6,087 KOZ VERSUS 5,908​ KOZ IN Q3 2016.Q3 GOLD PRODUCTION 79.10 KOZ VERSUS 78.91 KOZ IN Q3 2016.Q3 GOLD SOLD 73.99 KOZ VERSUS 77.85 KOZ IN Q3 2016.Q3 SILVER SOLD 5,726 KOZ VERSUS 6,011 KOZ IN Q3 2016.‍NET DEBT OF APPROXIMATELY $147 MILLION AS AT 30 SEPTEMBER 2017 ($187 MILLION AS AT 31 DECEMBER 2016)​.‍TOTAL CASH OF APPROXIMATELY $156 MILLION AS AT 30 SEPTEMBER 2017 ($140 MILLION AS AT 31 DECEMBER 2016)​.‍COMPANY REMAINS ON TRACK TO DELIVER ITS OVERALL PRODUCTION TARGET FOR 2017 OF 37.0 MILLION SILVER EQUIVALENT OUNCES.‍REAFFIRMS FY ALL-IN SUSTAINING COST PER SILVER EQUIVALENT OUNCE FORECAST OF BETWEEN $12.2 AND $12.7​.  Full Article

Hochschild comments on temporary stoppage at Pallancata operation in Peru
Thursday, 15 Dec 2016 

Hochschild Mining Plc : Temporary stoppage at Pallancata operation in Peru . Stoppage due to a road blockade by members of a local community demanding the renegotiation of existing agreements for land easements . Discussions with relevant parties, which have been facilitated by government, are ongoing .Despite temporary stoppage at Pallancata, company's production and cost guidance for 2016 are not affected.  Full Article

Hochschild Mining says Q3 silver production up 17.8 pct
Thursday, 13 Oct 2016 

Hochschild Mining Plc : Says attributable production in Q3 5.0 mln ounces of silver . Says attributable production in Q3 66.4 thousand ounces of gold . Says attributable production in Q3 9.9 million silver equivalent ounces, up 19 pct versus Q3 2015 (8.4 million ounces) . Says Q3 YTD 2016 attributable production driven by strong Inmaculada performance . Says further $58 mln of debt repaid in Q3 . Says total cash of approximately $96 mln as at Sept. 30 2016 ($84 mln as at Dec.31 2015) . Says net debt of approximately $230 mln as at Sept. 30 2016 ($366 million as at Dec.31 2015) . Says full year production forecast upgraded to 35 mln silver equivalent ounces (470 thousand gold equivalent ounces) .Says all-in sustaining costs per silver equivalent ounce on track to be between $11.0-11.5 for 2016.  Full Article

Hochschild Mining posts H1 profit
Tuesday, 16 Aug 2016 

Hochschild Mining Plc : H1 pretax profit $60.3 mln versus -$43.4 mln loss year ago . Interim dividend of 1.38 cents per share . H1 inmaculada AISC per silver equivalent ounce significantly below guidance at $8.2 . H1 revenue of $339.3 mln (H1 2015: $190.3 mln) 1 . H1 Inmaculada production was able to reach 111 thousand gold equivalent ounces (8.2 million silver equivalent ounces) . Half year production of 17.0 million attributable silver equivalent ounces exceeding guidance . Sees H2 record attributable production target increased from 32.0 mln to 34.0 mln silver equivalent ounces .H2 AISC now expected to be $11.0-11.5 per silver equivalent ounce (previous guidance of $12.0-12.5 per ounce).  Full Article

Hochschild raises FY production target by 6 pct
Thursday, 21 Jul 2016 

Hochschild Mining Plc : Raising our target for overall 2016 production by 6% to 34 million silver equivalent ounce . Q2 2016 9.5 million silver equivalent ounces produced, up 86% versus q2 2015 (5.1 million ounces) .Revising fy all all-in sustaining cost down to between $11.0 and $11.5 per silver equivalent ounce.  Full Article

Hochschild says 65.75 pct shareholders at AGM vote to approve directors' pay report
Friday, 20 May 2016 

Hochschild Mining Plc : Notes level of votes against 2015 remuneration report . Says 65.75 percent votes at agm approve directors' remuneration report; 34.25 against . Votes against report appears to be in response to base salary increases, and calculation of annual bonus for ceo during 2015 . Acknowledges specific views expressed by shareholders; will be taken into account as part of review of framework of remuneration .Intends to consult its significant shareholders as part of this review..  Full Article

Miner Hochschild boosts hunt for acquisitions: executive

AREQUIPA, Peru Precious metals miner Hochschild Mining Plc is doubling down on efforts to find early-stage mining projects to acquire and is open to deposits that depart from its focus on silver and gold, the chief executive said on Wednesday.