Hochschild Mining 2025 production meets guidance

Hochschild Mining

21/01/2026 07:10

Overview

Precious metals miner's 2025 production in line with guidance, despite lower gold and silver output

Net debt reduced by over $200 mln to $23 mln as of Dec 2025

Company completed Tiernan Gold listing, generating $12 mln in proceeds

Outlook

Hochschild Mining targets 2026 production of 300,000-328,000 gold equivalent ounces

Company expects 2026 all-in sustaining cost of $2,157-$2,320 per gold equivalent ounce

Hochschild plans $210-225 mln in sustaining and development capital expenditure for 2026

Result Drivers

STRONG OPERATIONAL PERFORMANCE - Inmaculada and San Jose mines drove production in line with revised guidance, per CEO Eduardo Landin

COMMODITY PRICE IMPACT - Rising commodity prices provided financial tailwind and increased costs for royalties and profit sharing

TIERAN GOLD LISTING - Completed listing of Tiernan Gold, generating $12 mln for Hochschild and bolstering Volcan project financing

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Net Debt
$23 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the gold peer group is "buy"

Wall Street's median 12-month price target for Hochschild Mining PLC is GBP490.00, about 18.7% below its January 20 closing price of GBP603.00

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nRSU6791Pa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)