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Highlights
- Hochschild Mining PLC (LSE:HOC) is an FTSE All-Share index listed company focused on gold and silver deposits across the region of Argentina, Chile, and Peru.
- The company registered total gold production of about 54.12 koz (thousand ounces) in Q2 FY23.
- HOC has decreased its domestic waste generation to 0.95 kg/person/day in Q2 FY23 versus 1.05 kg/person/day in Q2 FY22.
FTSE All-Share index listed Hochschild Mining PLC (LSE:HOC) has its focus centered on gold and silver deposits with its operations spanning across the region of Argentina, Chile, and Peru.
The company registered total gold production of about 54.12 koz (thousand ounces) in the second quarter of the year FY23, marking a significant increase from 46.44 koz in Q1 FY23. The company’s total silver production grew to 2,955 koz in Q2 FY23 as compared to 2,438 koz in Q1 FY23.
Even on the Environmental, Social, and Governance front, the company posted the lost time inquiry frequency rate of 0.84 in Q2 FY23 versus 1.37 in the previous corresponding period. Also, there was a drop in the accident severity index to 32 in Q2 FY23 against 93 in Q1 FY23. Overall, the company has also decreased its domestic waste generation to 0.95 kg/person/day in Q2 FY23 versus 1.05 kg/person/day in Q2 FY22.
What’s next?
The company is expecting the gold equivalent ounce to range from 301,000 to 314,000 (equivalent to 25.0 million and 26.0 million silver ounces), which is computed using the 83x gold to silver ratio for FY23.
The All in Sustaining Costs (AISC) of gold is expected to be between USD 1,370/ gold equivalent ounce to USD 1,450/ gold equivalent ounce for the fiscal year 2023.
Top 10 shareholders
The top ten shareholders of the company constitute approximately 59.87% of its total shareholdings. Its maximum number of shares of around 38.27% are held by Hochschild Beeck (Eduardo), while nearly 4.93% of the shareholding is held by Liontrust Portfolio Management Limited.
Stock Price Performance
The company’s share price has jumped by approximately 4.93% in the last one month, while it has declined by 8.20% over the last six months. The stock’s 52-week low and 52-week high price stands at GBX 50.40 and GBX 95.55, respectively.
Data Source: EODHD/Others, Analysis done by Kalkine Group
Please note markets are trading in a highly volatile zone currently due to certain macro-economic and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.
Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference data for all price data, currency, technical indicators, support, and resistance levels is 28 July 2023. The reference data in this report has been partly sourced from EODHD/Others.
