George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
At 12 different Gold mining shares, they are all up between 1.97 and 4.3% today......looking good.
The physical stuff is also on a roll.
The Gold ETF's are up, but in comparison are sluggish.
In February 2021, the Company hedged 4 million ounces of 2021 silver production at $27.10 per ounce and 4 million ounces of 2022 silver production at $26.86 per ounce and then on 10 November 2021, the Company hedged 3.3 million ounces of 2023 silver production at $25.00 per ounce.
Hi Sotolo, looking good also from the TA view point. We've found support at ~108 and the RSI had a bit of time to "cool down", so the indicator is not around maxima on 1h or 4h charts. This supports a higher move up to ~117-118 level in the near term.
Its likely promotion to the FTSE 250 should attract the interest of portfolio managers. As I said before, this rise has legs. Hold.
Actually Noel I think Hochschild has come alive, risen from the dead. Nearly doubled and up 10% in a week. It anticipates price moves. So should begin to anticipate the next one. Also remember a chunk of their solve is hedged and anyway less silver than gold so it is the gold price expectation that matters most for future Profits Enjoyin the ride
Silver is up to $24.80 and HOC is up to 110p - and there seems to be no interest.
Hochschild Mining PLC (HOC.LN) (OTCMKTS: $HCHDF) ("Hochschild" or "the Company") is pleased to announce it will host a virtual retail investor presentation relating to its Capital Markets event being held that day via Investor Meet Company on 22 November 2023 at 3:00pm
Hochschild Mining PLC looks to have struck gold with an expected promotion to the FTSE 250 after a sparkling 2023 which has seen shares rise 45%. The gold and silver miner with operations in Peru, Argentina and Brazil now has a market value of GBP557.2 million
Last updated: 16:30 20 Nov 2023, First published: 16:26 20 Nov 2023
Hochschild Mining PLC (LSE:HOC, OTCQX:HCHDF), up 5% on Monday, is poised for a significant rebound, according to RBC Capital's latest analysis.
The company is expected to unveil a three-year production and cost guidance at its Capital Markets Day on 22 November, which is anticipated to highlight improvements in production and cost efficiency.
This optimism is largely driven by the upcoming commissioning of the Mara Rosa project and the mining of higher-grade areas at Inmaculada.
RBC Capital maintained an 'outperform' rating for Hochschild, with a price target of 130p for the shares, suggesting confidence in the company's future performance.
As mentioned above, the key factors influencing this outlook include the successful commissioning of Mara Rosa in the second quarter of 2024 and the expected increase in gold equivalent production by approximately 30% from 300,000 ounces in 2023 to 382,000 ounces by 2026.
This increase in production is set to reduce the all-in-sustaining cost (AISC) significantly, from around $1,600 per ounce in 2023 to $1,340 per ounce by 2026.
The report also highlights potential challenges and areas of focus, such as the impact of permitting delays at Inmaculada, exploration success at San Jose, and the ramp-up of Mara Rosa.
Additionally, updates on capital expenditure for Pallancata's Royropata deposit and potential changes in permitting regulations are expected.
At 2.25 pm, the stock was changing hands for 108p, up 5.1p on the day.
Fairly well known site, comparing HOC, CEY, and SHG.
Of the 38 comparisons CEY wins 20, HOC 9, SHG 9.
Of course there are many other live issues that may not be taken in to account, just another indicator.
@EdGasket, the reason is ridiculously low valuations seen over the past 2 years. Why would anyone measure a gold miner with an ongoing large development against PE?
New President/PM of Argentina helps too, as he has said he wants to ditch the Peso for the USD as a form of currency. This will help Hoch on costs as the cost vs sales will be on an equal footing , rather than have the domestic currency eating away on costs through inflation. Could be very good news for the miner!
Sp has taken off since new CEO put in charge.
Better future prospects with vastly increased reserves see posts below.
HOC up 4.2% today with a decline in the silver price? Also has a very high PE and low yield compared to other miners. What is the reason for recent strength?
RSI(relative strength index), negative divergence in the recent top, now reflected, in the rejection of the initial rally today . The close today , is at the low price, indicating likely retracement. Both Bollinger bands are heading up, so this move down, is probably retracement. The RSI, can be the guide, so that if the RSI, crosses below 50, and subsequently crosses back above 50, then buy. Alternatively , if the RSI, approaches 50, and turns up, then buy.
This article from a hedge fund based in Luxumberg is written in Italian
http://mondoalternative.com/ma_notizia.asp
Five stocks to monitor in Europe, according to Alessandro Guzzini of @finlabo @AcomeA_SGR, long/short equity manager: Hochschild Mining, Icade, Repsol, Raiffeisen Bank, Proximus
"Among the other stocks that we find interesting, there is Hochschild Mining, a mining company listed on the London Stock Exchange, which has obtained a 20-year renewal of its concession in Peru and is close to starting a new mine in Brazil. It operates in a sector, the gold sector, which should benefit both from a slowdown in the global economy, or from a recession, and from more favorable monetary conditions from Central Banks".
San Jose AISC of $1953 means it is now high cost and running at break even at best at the current gold price.
Pallancata closing now for 3? years on C&M.
What production does HOC have left?: Inmaculada. (Brazil H1 next year).
Can see why Ignacio Bustamante, CEO, has moved on from his long standing exec position.
McEwan Mining on JV with HOC San Jose production.
In Q3, the San Jose Mine produced 17,800 GEOs, an increase of 3% compared to Q2/23 due to a modest improvement in processed tonnes. Our joint venture partner and mine operator, Hochschild Mining, reiterates production guidance of 66,000 to 74,000 GEOs for the year. Cash costs(4) and AISC per GEO(4) sold for San Jose were $1,445 and $1,953, respectively. We expect costs to remain approximately 15% above 2023 guidance due to additional capital development costs associated with the operator's revised mine plan.
Chart position, old resistance at 100, from May 2022, currently impeding up move. Lower Bollinger band has turned up, which signifies beginning of price retracement, probably ending within 3-4 days. Likely retracement, to region of 91-95, before resuming uptrend. If sp, can overcome resistance at 100, there ought to be nothing to stop achieving 153 target.
Https://www.jornalopcao.com.br/meio-ambiente/terras-raras-multinacional-vai-explorar-area-proxima-a-chapada-dos-veadeiros-546153/
01 November 2023 at 10h27
The area covers about 1,400 hectares, with potential for lateral expansion, in the northern region of Goiás
The multinational Aclara Resources has discovered a new heavy rare earth element (HREE) in Goiás, hosted in ionic clays in the "Carina Module". The area covers about 1,400 hectares, with potential for lateral expansion, in the region of Nova Roma, north of Goiás, near Chapada dos Veadeiros. Rare earths are present in more than two hundred and fifty known mineral species. However, only in some of these species do rare earths occur in sufficient concentration to justify their exploitation.
Aclara Resources, which has the Hochschild Mining group as one of its main shareholders, will invest around R$ 2 billion in the production of minerals on land in the municipality. The company, which has almost 100% of the works completed in the region, intends to start gold exploration in the first half of 2024.
"Aclara is seeking to introduce a new and sustainable way of extracting rare earths in Goiás, with a mission very similar to what was applied in Chile. In the first survey, the results were promising. We have very close water resources, electricity, excellent roads," explained the exploration manager, Jorge Frutuoso.
He further explained that the next goal is to collect a large-volume sample to do a larger-scale process test than is bench-top to verify feasibility and confirm the potential of the project as early as the first half of 2024. In the coming months, an estimate of resources will be made, a preliminary economic assessment will be developed and the last topic is piloting with the ore.
The initial drilling campaign, which took place between February and August this year, consisted of 1,693 meters of drilling, resulting in 238 onshore drillings. The company claims that its extraction process does not involve blasting, crushing or milling. In addition, it does not generate tailings, eliminating the need for a tailings storage facility. It uses 100% recycled water and minimizes water consumption through high levels of recirculation. "The ionic clay raw material is susceptible to leaching with fertilizer and no harmful radionuclides are produced," he stresses.
What are Rare Earths?
The main mineral species containing rare earths are monazite, bastnaesite, xenothyme, and rare earth-bearing clays adsorbed in ionic form. These clays, exploited only in China, and xenothyme are the main sources of heavy rare earths. Monazite and bastnaesite are also important sources of rare earths, especially mild ones.
Large deposits of bastnaesite are found in China and the United States. In Brazil, Australia, India, South Africa, Thailand, and Sri Lanka, rare earth elements occur in monazite and in sands with other heavy minerals. It is also important to highlight the occurrenc
Chart position - coil, price formation began February 2023. Fast moving sp, when breakout, forecast target price is 153. Current sp, today, requires to close above price pivot, at 100.8, to crystallize bullish pivot break.
Easy move to 130 from here and more. For who held and added, well done.
Hochschild Mining's prospects have improved after it got the green light to continue running a gold mine in Peru, Panmure Gordon says. The company's receipt of a delayed government environmental permit for the continued operation of its Inmaculada mine, outlined in August, will allow it to invest in the site, Panmure says. "We see potential for reduced operating costs, now that all capital-investment work on site can continue as planned," Panmure analysts say in a note. Panmure upgrades the South America-focused precious-metals miner to buy from hold and its price target to 121 pence from 109 pence. Shares rise 4.9% to 98 pence. (philip.waller@wsj.com)
Yes agree on not to sell just yet as this share tends to move big when it moves (in either direction).
It's taken almost a year and a half, but it's broken resistance at 96 and is now breaking out. Possible bull run ahead and helped by an improving gold price. That to is about to break out to all time highs, but resistance is strong and it has to cope with a strong US Dollar.