Hochschild Share News (HOC)

IN BRIEF: Hochschild Mining sells Crespo project for USD15 million

Hochschild Mining PLC - Gold and silver miner with operations in South America - Sells its Crespo project in southern Peru for USD15 million to Kina Mining Peru SAC. Chief Executive Officer Eduardo Landin says: "The sale of the Crespo project is consistent with our stated strategy of disciplined capital allocation and focusing on our core assets such as the Company's flagship Inmaculada mine and the new Royropata project, both in Peru, as well as the recently-completed Mara Rosa mine in Goias, Brazil."

LONDON BROKER RATINGS: Sainsbury's, Petershill Partners upped to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

LONDON BROKER RATINGS: Kepler Cheuvreux likes Diageo; BofA lifts Man

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

London close: Stocks mixed as UK economy returns to growth

(Sharecast News) - London markets finished with a mixed performance on Wednesday, following a surge on Tuesday, with investors buoyed by news of the UK economy's return to growth in January.

TOP NEWS: Hochschild Mining eyes gold output rise as turns to loss

(Alliance News) - Hochschild Mining PLC on Wednesday reported a swing to an annual loss due to exceptional costs, but it said it aims to ramp up gold production as the metal enjoys record prices.

Hochschild Mining FY production in line with guidance

(Sharecast News) - South America-focused miner Hochschild reported a 10% fall in production, although in line with guidance, offset by rising prices and the devaluation of the Argentinian peso which helped to lift adjusted core earnings.

UK earnings, trading statements calendar - next 7 days

IN BRIEF: Hochschild subsidiary inks deal for Brazilian gold project

Hochschild Mining PLC - Americas-focused precious metals exploration company - Subsidiary Amarillo Mineracao do Brasil Ltda enters into an option agreement with Cerrado Gold Inc, a gold miner operating in North and South America, to acquire a 100% interest in the latter's Monte Do Carmo gold project in central Brazil. The project comprises 21 mineral concessions covering 82,542 hectares, and hosts gold targets including the Serra Alta gold deposit, which holds an indicated resource of 1.0 million ounces and an inferred resource of 66,000 ounces of gold. In exchange, Amarillo Mineracao will advance Cerrado USD15 million by way of a 10% interest-bearing secured loan. It also has agreed to incur at least USD5 million in exploration expenditures during the 12.5 month-period ending March 2025.

Hochschild signs option to buy Brazil project from Cerrado Gold

(Sharecast News) - Hochschild Mining said it had signed a deal with Cerrado Gold giving it the option to buy a 100% interest in the latter's Monte Do Carmo project located in the state of Tocantins, Brazil.

IN BRIEF: Hochschild Mining achieves first gold pour at Mara Rosa

Hochschild Mining PLC - Gold and silver miner with operations in South America - Achieves first gold pour at its Mara Rosa project in the Goias State, Brazil. Mara Rosa is the company's first project in Brazil, and Hochschild says that commercial production is expected towards the end of the second quarter. In January, Hochschild said that completion of the new mine would allow the company to increase its total output by 15% over 2024. The company produced 186,091 ounces gold in 2023, as well as 9.5 million ounces of silver. Hochschild says that Mara Rosa is expected to produce between 83,000 and 93,000 ounces of gold in 2024.

LONDON MARKET OPEN: HSBC and Glencore drag FTSE 100 into the red

(Alliance News) - Stock prices in London opened mixed on Wednesday, with the FTSE 100 index weighed down by weak earnings from HSBC and Glencore - among its largest constituents by market cap.

CORRECT: Glencore profit plunges as energy market normalises

(Corrects UK public sector net borrowing figure to billion from million.)

Hochschild pours first gold at Brazil mine

(Sharecast News) - Hochschild Mining said the first gold had been poured at its Mara Rosa Mine in Brazil.

LONDON BRIEFING: Glencore profit plunges as energy market normalises

(Alliance News) - Stocks in the UK are called flat on Wednesday, with some large-cap UK company earnings for investors to digest, ahead of key catalysts to come from across the Atlantic.

LONDON BROKER RATINGS: Morgan Stanley ups Rightmove; Deutsche cuts IHG

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday: