Hochschild Mining PLC

It was a pleasure to host analysts and investors at our new Mara Rosa mine in Brazil in mid-October, evidencing all the progress that has been made at this exciting new asset and how impressive it is to see in person. Mara Rosa perfectly represents our strategy of delivering low cost production and achieving long-term, sustainable growth.   Watch the video below to find out more.   #Hochschild #MoreThanMining #MaraRosa #SiteVisit

This morning, we were delighted to announce that our wholly-owned subsidiary, Amarillo Mineração do Brasil, has exercised its option to acquire a 100% interest in the Monte do Carmo project in the mining-friendly jurisdiction of Tocantins, Brazil, for a total consideration of $60 million, of which $15 million has already been paid.    Monte do Carmo adds to our significant momentum in Brazil, having entered commercial production at the nearby Mara Rosa mine earlier this year, and enhances our ability to continue delivering meaningful shareholder value.   To read the full announcement, click here: https://lnkd.in/eTJxxQZw #Hochschild #MoreThanMining #MonteDoCarmo #Brazil #Growth

Today, we were pleased to announce our Production Report for Q3 2024.    This quarter has been our strongest in almost five years and we have seen strong rises in production, boosted by the upwards momentum in metals prices and the contribution from our new Mara Rosa mine. 📈 96,327 gold equivalent ounces produced in Q3 🪙 173,748oz gold equivalent ounces produced in the year-to-date  📆 9,000 oz of gold produced at Mara Rosa in September 💰 $45 million of debt repaid in Q3 We are also pleased to reiterate our full year production guidance of 343,000-360,000 gold equivalent ounces.   Click here to read the full announcement: https://lnkd.in/eGbUnQsN   #Hochschild #MoreThanMining #MiningIndustry #GoldMining #Value #FutureFocused

This week, we were delighted to host analysts and investors at our new Mara Rosa mine.    Located in the mining-friendly region of Goiás, Mara Rosa is an attractive low-cost mine that will meaningfully contribute to Group production in the years ahead. We celebrated our first gold pour back in March, having constructed the mine on time and on budget, and have since been ramping up production towards our goal throughput of 8,000 tonnes per day. To learn more about the Mara Rosa mine, click here: https://lnkd.in/esmaQux2 #Hochschild #MoreThanMining #MaraRosa #Brazil #Gold #SiteVisit

Hochschild holds an exciting range of producing assets, with #Inmaculada in Peru, #SanJose in Argentina and #MaraRosa in Brazil, which entered production in Q1 of this year, as well as meaningful brownfield exploration opportunities across these and other sites. For more information on our portfolio, watch our CEO Eduardo Landin Navarro C.Eng, FIMechE below. #Hochschild #MoreThanMining #MiningIndustry #GoldMining #Value #FutureFocused

In 2023, demand for silver outstripped supply as its use in solar power technology becomes increasingly critical to the global energy transition.  Mining Journal's recent article, "Is silver having a moment?", discusses expectations of record industrial demand for silver in 2024. However, the development of new silver mines has slowed, and there are predictions that global silver production will fall this year.   We are delighted to have been featured in the article, quoting our CEO Eduardo Landin Navarro C.Eng, FIMechE saying ‘we are very bullish on silver’, and that we are growing our Inmaculada gold and silver asset in Peru.   To read the full article, click here: https://lnkd.in/evEVvtby   #Hochschild #MoreThanMining #Silver #GreenEnergy

According to S&P Global’s Major Gold Discoveries report, new discoveries of the metal have been slowing since 1990, even as exploration budgets rise. Hochschild is committed to driving brownfield exploration programmes across our portfolio of assets. At our Inmaculada mine, we use our brownfield exploration expertise to increase the quality and quantity of our resources and extend life of the mine. Consistently discovering new vein districts in our underground mines has ensured sustainable, long-term growth. You can read the full S&P report here: https://lnkd.in/erDWCk-i #Hochschild #MoreThanMining #MiningIndustry #GoldMining #Exploration #FutureFocused

We are committed to maintaining a disciplined approach to capital allocation as a key enabler for growth. In practice, this means focusing on accretive growth, namely brownfield and near-production projects which have generated the highest risk-adjusted returns, as well as managing our debt by optimising our capital structure. For more information on our strategy to deliver growth, click: https://lnkd.in/exmSFsyv #Hochschild #MoreThanMining #Exploration #CostEfficiency

This morning, we were pleased to announce our Interim Results for 2024.   We have achieved a number of significant milestones this year as we continue to enhance and optimise our portfolio, including: - Brought our Mara Rosa mine into production on time and on budget - Acquired the option to purchase the Monte do Carmo asset in Brazil - Completed the sale of the Crespo project for $15 million cash and a 1.5% Royalty Net Smelter Return   Coming in at the top-end of consensus, we increased adjusted EBITDA by 78% to $177.1 million. We have also boosted revenue by 25% to $391.7 million, generating $83.1 million of profit before income-tax (pre-exceptional).   Click here to read the full announcement: https://lnkd.in/epeucdTx #Hochschild #MoreThanMining #MiningIndustry #GoldMining #Value #FutureFocused

Brownfield exploration is a core component of our strategy, leveraging our asset base to deliver long-term value. With several exciting drilling campaigns underway, and a successful track record of resource replacement, we're confident we hold significant growth opportunities that will extend the lives of our mines and boost future production forecasts. To read more, click here: https://lnkd.in/e5jW5nHF #Hochschild #MoreThanMining #Gold #Silver #SustainableGrowth #Infrastructure #CostEfficiency #Exploration