Hochschild ups guidance on back of strong quarter
JOHANNESBURG (miningweekly.com) – LSE-listed precious metals miner Hochschild Mining is raising its full-year production guidance by 6% to 34-million silver equivalent ounces, owing to attributable production in the second quarter exceeding expectations.
The company’s operations produced 4.5-million ounces of silver and 67 000 oz gold, bringing its half-year figures to 8.2-million ounces of silver and 118 000 oz of gold.
Hochschild attributes its guidance increase to strong production from its Inmaculada mine, in Peru, which delivered its strongest quarter since commissioning, with gold production at 45 000 oz and silver production at 1.4-million ounces.
Hochschild also adjusted its all-in sustaining costs per silver equivalent ounce for the year, now expected to be between $11 to $11.50, down from between $12 and $12.50.
CEO Ignacio Bustamante said in a statement on Thursday that the first half of the year proved to be pivotal in Hochschild's recent history, with the delivery of strong production results, continued cost reductions, further debt repayments and its recent reentry into the FTSE 250 Index.
“Despite additional debt repayment, our cash position remains very strong at over $100-million,” he stated.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation