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: M&A outlook; US community bank margins; green hydrogen players' EU expansion

Blog

Insight Weekly: US bank M&A; low refinancing eases rates impact; Texas crypto mining booms

Blog

Insight Weekly: US stocks hit grim milestone; top European banks tumble; TMT IPOs plunge

Video

Gold and Copper Summit 2022: Overview of Global Gold Markets in 2022 and Beyond


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.