Member Info for Hanzini

Slowing consumer confidence in France, which makes up 1/3 of action stores.

Oracle - thanks for explaining again.

ATB

Oracle - what is incorrect about what Sotolo is saying? I have researched myself and find the same hedges.

In H1 the reported hedging loss $41.5m.

Hochschild now expects 291,000‑319,000 gold equivalent ounces in 2025.

Hedging;

2025

50,000 oz

Forward contract

US$2,117.05

2026

50,000 oz

Forward contract

US$2,166.65

2027

50,000 oz

Forward contract

US$2,205.50

For 2025 (additional coverage)

60,000 oz

Zero cost collar

Put US$2,000, call US$2,485

Would like your thoughts, thanks and atb

Buy the rumour?

Clearly doesn’t like the Oil and Gas sector atm!

JPMorgan raises Hochschild Mining target to 430 (300) pence - 'overweight'

That's rather bullish

I hope they take the more prudent approach and focus on reducing debt.

Question to all. Do you think declaring a dividend would increase the SP more than largely reducing debt?

Good topic for discussion

Toddy, likewise, Barclays Smart Investor seems to go through periods of paying dividends on the day they are paid and periods of being late paying dividends. Every time I think about switching they seem to go back to the former of paying dividends on the due date into my account. Patience is wearing thin again though.

I have seen quite a few of these recently. Seems like the people with access to all the inside business information are confident.

CEO still confident with 85,000 share purchase.

Made a small top up this morning when I saw the big discount. Was hoping for it to catch up a bit more on the NAV today. Steady she goes. ATB

This has held up remarkably well considering all the goings on at the moment. 1% up looking at the monthly chart on google.
With results due soon, I wonder if the NAV will be quite a lot higher.

When are these due? Yahoo finance was telling me 28/2/22

300,000 share purchase from CEO

Morning Sotolo
Hedging extract here
“In November 2021, the Company hedged 3.3 million ounces of silver for 2023 at an average price of $25.00 per ounce to protect cashflows in Peru.”

PM - Woman
President - Man
Both = incompetent

run up to update on the 9th November. Long may it continue to go up!

Production Report for the 6 months ended 30 June 2021


Ignacio Bustamante, Chief Executive Officer said:

"The second quarter results have been solid across our operations and we remain on course to deliver our production and cost targets for the year. In addition, drill results have continued to be encouraging at Inmaculada with 29 million silver equivalent ounces of high grade Inferred resources already added in the first half. We have also seen further positive results from the Snip project in Canada. Finally, today we have also announced that we will be holding a capital markets presentation in September which will cover our exciting rare earths project in Chile."
Operational highlights
· Q2 2021 attributable production:[1]
o 53,418 ounces of gold
o 3.1 million ounces of silver
o 89,381 gold equivalent ounces
o 7.7 million silver equivalent ounces
· H1 2021 attributable production
o 106,261 ounces of gold
o 5.9 million ounces of silver
o 175,119 gold equivalent ounces
o 15.1 million silver equivalent ounces
· On track to deliver overall 2021 production target of 360,000-372,000 gold equivalent ounces or 31.0-32.0 million silver equivalent ounces
· 2021 all-in sustaining costs on track to meet $1,210 and $1,250 per gold equivalent ounce guidance ($14.1 and $14.5 per silver equivalent ounce)
· Full Covid-19 protocols remain in place at all operations
Exploration highlights
· Hochschild to host rare earths capital markets presentation on 8 September 2021
· Brownfield programme added significant high-grade Inferred resources in H1:
o 29 million silver equivalent ounces added year-to-date from Angela North vein at Inmaculada
o 7 million silver equivalent ounces added year-to-date at San Jose
· Drilling campaigns executed at Pallancata, Corina, Cochaloma, Arcata and Crespo
· Further high grade drill results achieved at Skeena Resources' Snip project in British Columbia
ESG highlights
· 2020 Sustainability Report recently published
· Lost Time Injury Frequency Rate of 1.31 (2020: 1.38)[2]
· Accident Severity Index of 684 (2020: 474)[3]
· Water Consumption of 215lt/person/day (2020: 231lt/person/day)
· Domestic waste generation of 1.01 kg/person/day (2020: 1.18kg/person/day)
· ECO score of 5.36 out of 6 (2019: 5.74)[4]
Strong financial position
· Total cash of approximately $257 million as at 30 June 2021 ($232 million as at 31 December 2020)
· Net cash of approximately $51 million as at 30 June 2021 ($22 million as at 31 December 2020)
· Current Net Cash/LTM EBITDA of approximately 0.131x as at 30 June 2021

For Barclays Smart Investor users;
anyone else notice the corporate action on LGEN

"Legal & General Group PLC ORD 2 1/2P (LGEN.XLON.GB) has declared a GBP 0.126400000 per share interim dividend. Investors who held shares on 11 August 2021 are entitled to receive this dividend and it is expected to be paid on 20 September 2021."

Another good set by a good solid company.
Steady she goes...