UK's Hochschild Mining 2025 revenue rises 25% on record precious metal prices

Hochschild Mining

11/03/2026 07:12

Overview

UK precious metals miner's 2025 revenue rose 25%, meeting analyst expectations

Adjusted EBITDA for 2025 increased 39%, beating analyst estimates

Company recommended a final dividend of 5.00 cents per share

Outlook

Company expects 2026 attributable production of 300,000-328,000 gold equivalent ounces

Company forecasts 2026 all-in sustaining costs at $2,157-$2,320 per gold equivalent ounce

Company expects 2026 sustaining capital expenditure at operating mines of $210-225 mln

Result Drivers

PRECIOUS METAL PRICES - Record gold and silver prices drove revenue and profit growth, offsetting lower production

MARA ROSA CHALLENGES - Operational issues at Mara Rosa led to lower output and higher costs, but a turnaround plan is nearing completion

HIGHER COSTS - All-in sustaining costs rose due to lower production, higher royalties and taxes linked to increased metal prices, and additional investment in operational resets

Company press release: ID:nRSK1286Wa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
Meet
$1.18 bln
$1.18 bln (10 Analysts)
FY Adjusted EBITDA
Beat
$583.73 mln
$563.32 mln (10 Analysts)
FY Dividend
$0.05
FY Pretax Profit
$330.40 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 GBp730.00, about 4.3% above its March 10 closing price of GBp700.00

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 8 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)