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No rns yet but presumably one this morning as at end of previous quarters, for instance this from 6Dec 30 last year: “ Hochschild Mining PLC ("Hochschild" or the "Company") (LSE: HOC) (OTCQX: HCHDF) confirms that the permitting process for Inmaculada's Modified Environment Assessment remains ongoing and that the Company's current expectation is a decision by the Peruvian government in the first quarter of 2023.” Hopefully the same and not worse.

Presumably we should get an rns this morning as end previous quarters like this from 6 months ago today: “Hochschild Mining PLC ("Hochschild" or the "Company") (LSE: HOC) (OTCQX: HCHDF) confirms that the permitting process for Inmaculada's Modified Environment Assessment remains ongoing and that the Company's current expectation is a decision by the Peruvian government in the first quarter of 2023.” Apart from change first to third, unless worse

Tornado, doesn’t half 2 begin on Saturday? Or are you talking about last year? Also 87p might have been $1700 gold price before costs escalated?

Great opposition from the locals, esp as the area had a lot of Maoist revolutionaries

Tornado, I think the the market looks forward and it is concerned/ factoring in that if gold keeps falling and costs keep rising that H2 profits may be considerably lower that H1 which ends tomorrow and should be pretty good when revealed in a month.

It will be quite negative as investing a v large amount in Maria Rosa to make up for some of the lost oz in Peru

Cowichan, thanks as ever for your research and views, the great thing about this board is the breadth of opinions and the tolerance. The wonderful Siko has posted while not owning any so please ignore the few insults and keep posting; I might disagree with you sometimes but greatly appreciate the freedom to do so.

Still nothing on Inmaculada and only two days of quarter to go, will it be like previous quarters when we learn o last day of quarter it is postponed again with no reason why negotiation is so impossible or what the environment dept is demanding that cannot be given? And Stanley, Peru has a far higher growth rate than UK and mining is a very small part of that “Peru is one of the fastest growing economies in Latin America. The services sector is the most important and accounts for 60 percent of GDP. percent) Manufacturing creates 16 percent of the wealth and construction and water, gas and electricity distribution 10 percent. The agriculture and fishing sector fuels 9 percent of the GDP and the mining sector accounts for the remaining 5 percent. So the mines with environmental permit problems are a fraction of one per cent. That is why the environment understandably matters more to them

Thanks. Did you mean PGM aisc is 1303?

Oracle still no news on permit extension which is ominous, and in answer to your question here is a bit of context. Environmental concerns can be even greater in less populated and more natural areas form the Andes to the Amazon. : Ayacucho, ‘lies in a fertile valley on the eastern slopes of the Andes’ 9,000 feet above sea level and has a ‘pleasant and invigorating climate’. Water of course flows down. “ Ayacucho province was one of the hardest hit in the 1980s during the guerrilla war waged by Shining Path known as the internal conflict in Peru. Two thirds are native Quechua who are very worried about their land. They are asking Hoc to modify their environmental impact to expand their mine," Asuncion Margarita Gutierrez, a district leader in Ayacucho's Paucar del Sara Sara province, where Hochschild's mines are located, told Reuters by telephone.

"But there is no deal here, our lives comes first," she said, repeating accusations that the mines polluted local water sources. Under Peruvian law, all mines have a planned closure date, which can be modified if more resources are found and if regulators allow it. The four mines in questions have closure dates ranging from 2022 to 2025.

Che Bernaola, representative of the Ayacucho Sur committee, said he expected the government to ratify the gradual closure of the mines.

"The only thing we can discuss at the table is how much reasonable time they need to shut them down, there is nothing else," Bernaola said by phone.

Peru's Environmental Assessment and Enforcement Agency (OEFA) has carried out 82 supervision tasks at the four mines between 2013 and 2021, government data show. It has identified breaches that have led to minor fines.

Julio Guillermo Gutierrez, president of a group in nearby Parinacochas, said the mines had to shut, but acknowledged the government might say the closures would "take a little longer."

"We reaffirm our purpose to stick with the process of closing the mines, within the legal framework," he told Reuters.

"For many years we have been tolerant, reasonable in our complaints, and now it is in the hands of the Executive; the state has to understand that we are also Peruvians

Slater it is the environment dept which thinks it is is acting in the interest of the country. The environment is a bit of amcatastrophe in S America as miners have been allowed to pollute water systems and logger chop England sizes of forest. The environment dept is finally trying to row back and in an extended tussle with Hoc on what they will accept. Yes they want the tax and employment but they are advanced enough to now keep some of what is left of their country

Just one week to go till end of quarter and promised Inmaculada news if we ever get it, or will we just close down? Scary, I have looked for the promised rns every morn since last year! Let’s hope the company is run better than the commas which shouldn’t keep promising what ain’t delivered tho maybe better not to know

Mike with PGM giving a third of revenue what do you reckon is their break even price, ie aisc, and what for chromium, thanks

Moneyman and Mike thanks for your kind and thoughtful replies, I have no doubt 2023 will be great as you point out, with such good numbers baked in. It is next year that worries me if PGM and chrome continue their decline in face of a bigger than expected recession especially in China, leading to a far higher pE or lower share price; markets look forward. I hold because great management and low prices reduce new mining and then old, but that takes a few years to come through, I have a very long horizon. Thanks again as so many get cross if I post economic reality as many on these boards only want one side of the story, that rarely fully explains the share price or short term trajectory

Interesting that market cap is now 250m and capital cost of Karo now probably around the same?

I don’t think it’s the mining ministry, but the environment, who are finally getting their act a little together and insisting on safeguards. “Peru’s mining industry has been linked to a string of environmental issues in recent years including deforestation, pollution and the mistreatment of environmental activists.” It is taking an age as the two sides argue it out, but you can see the point of trying to protect a bit of what’s left of the environment, as well as raise more money which Bolsenaro has been doing in Brazil so 78million acres of forest slashed and burned last year, which is three Englands. Also water polluted etc etc. So it is actually good the environment and local indigenous people are getting a voice in Peru, if not for us imho. I wonder what they are tussling about and what the compromise will be (the board have always suggested this is not binary)

Sadly PGM. basket down again, THS down to $1600, Karo to $1440, but this bear has been going for 2 years. No sign of an end. What keeps me is the thought other competitors will be in a worse position The shame is chromium is also heading south, down 3% hence the share price, particularly as THS goes from super cash positive to negative, paying for Karo, just as interest rates soar. Again don’t shoot the messenger, I would love the prices to turn up Xx

Tony, how many times have we told the permit will be decided this quarter. When it wasn’t again in last quarter 2022 there was a tail between the legs rns on 30th dec saying “ Hochschild Mining PLC ("Hochschild" or the "Company") (LSE: HOC) (OTCQX: HCHDF) confirms that the permitting process for Inmaculada's Modified Environment Assessment remains ongoing and that the Company's current expectation is a decision by the Peruvian government in the first quarter of 2023.”. So what will the next rns say?

thanks rebess, like so much in the modern world at the 6th time of trying the page miraculously turned up. i have worked out what is happening, keynes said that by now we'd be working 15hours a week, instead we have created loads of 'bull**** jobs' which aren't satisfying for those doing them but worse makes everything take 10 times longer meaning everyone is less productive as they are so busy trying to get through and filling in all the extra forms. sorry got to run, just hit option 3 6 and 8 which sent me back to 2

I am just trying to do my self assessment tax return online for the first time. Can anyone tell me where I put centamin dividend income in dollars that was over £2000. I understand if filing online I do not need to use an SA 106 form? Also I understand I should change the dollars into pounds at the HMRC rate for the month the dividend was paid? Thanks so much for any help. I have no need of the accountant as I only pension and dividends now retired.