trending Market Intelligence /marketintelligence/en/news-insights/trending/fkrhO6qyoxPM_4vIuh-35g2 content esgSubNav
In This List

Hochschild books higher gold output in Q3'19 while silver production falls

Blog

Insight Weekly: Unease roils markets; US likely to slip into recession; firms' cash ratios fall

Blog

Insight Weekly: Bank boards lag on gender parity; future of office in doubt; US LNG exports leap

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Blog

Insight Weekly: Loan growth picks up; US-China PE deals fall; France faces winter energy crunch


Hochschild books higher gold output in Q3'19 while silver production falls

London-listed Hochschild Mining PLC's share of silver equivalent output slipped to 9.83 million ounces in the third quarter from 10.11 Moz a year ago.

The company's attributable silver output dropped to 4.34 Moz from 5.1 million ounces, while gold output rose to 67,800 ounces from 62,430 ounces, according to an Oct. 23 release.

The company fully owns the Arcata, Inmaculada and Pallancata mines in Peru and has a 51% interest in the San Jose mine in Argentina.

Hochschild reiterated its full-year guidance of 457,000 gold equivalent ounces, or 37.0 million silver equivalent ounces, and all-in sustaining costs of between US$960 and US$1,000 per gold equivalent ounce, or US$11.80 and US$12.30 per silver equivalent ounce.

The company recently agreed to consolidate its ownership of the BioLantanidos ionic clay rare earth deposit in Chile in a US$56.3 million deal.

Total cash as of Sept. 30 was US$123 million, compared to US$95 million at the end of June, while net debt fell to US$30 million from US$61 million over the same period.