Hochschild reiterates FY guidance after strong Q1

Hochschild Mining

229.00p

16:40 08/11/24

-2.55%

-6.00p

Strong contributions from Hochschild Mining's Inmaculada and Pallancata mines boosted first quarter output and left the company on track to meet full-year targets, it said on Tuesday.

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Mining

11,623.03

16:59 08/11/24

1.30%

148.91

In a trading update, the company said it produced 67,419 ounces of gold and 4.4m ounces of silver during the period.

It added that it was on track to deliver overall a 2019 production target of 457,000 gold equivalent ounces. All-in sustaining costs were set to meet $960 - $1,000 per gold equivalent ounce guidance.

Hochschild said it had total cash of about $88m, up from $80m at the end of 2018. Net debt was $9m lower at $68m quarter on quarter.