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Hochschild Mining ( (GB:HOC) ) has issued an announcement.
Hochschild Mining reported strong operational performance for 2024, meeting its production guidance with significant contributions from the Mara Rosa mine and better-than-expected results from Inmaculada. The acquisition of the Monte do Carmo project in Brazil promises low-cost growth opportunities, while the company’s brownfield exploration efforts are set to add substantial resources. Financially, Hochschild improved its cash position and reduced net debt, enhancing its financial flexibility. Challenges such as higher inflation in Argentina and a slower ramp-up at Mara Rosa led to higher-than-expected all-in sustaining costs, but the company remains optimistic about its 2025 production targets and ongoing growth strategy.
More about Hochschild Mining
Hochschild Mining PLC operates in the mining industry, primarily focusing on the production of gold and silver. The company engages in the exploration, mining, and sale of precious metals, with its operations concentrated in the Americas, including Peru, Brazil, and Argentina. Hochschild Mining is committed to sustainable practices and growth strategies to enhance its market position.
YTD Price Performance: 3.04%
Average Trading Volume: 1,488,631
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.13B
See more data about HOC stock on TipRanks’ Stock Analysis page.
