Hochschild Mining Plc produces 94,000 gold equivalent ounces in Q1 2020

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Hochschild Mining Plc produces 94,000 gold equivalent ounces in Q1 2020

Hochschild Mining Plc (LON: HOC) has released its Q1 2020 production report.

  • The company has reported that its mines delivered a robust start to the year producing 94,000 gold equivalent ounces or 8.1 million silver equivalent ounces.
  • In Q1 2020 the attributable production was of 59,425 ounces of gold and 3.0 million ounces of silver.
  • The company was having a strong financial position with total cash of around $178 million as at 31 March 2020 as compared to $166 million as at 31 December 2019.
  • The company’s Net debt was of around $36 million as at 31 March 2020 as compared to $33 million as at 31 December 2019.
  • On 22nd April 2020, at the time of writing, GMT 09:01 AM, HOC shares were trading at GBX 123.70, up by 2.50 points or 2.06% against the previous day closing price.

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