UK's Hochschild Mining rises as gold boom drives first-half results
BUZZ-UK's Hochschild Mining rises as gold boom drives first-half results ** Shares of Hochschild Mining HOCM.L up 4.2% at 651.5p
** Miner reports first-half revenue of $844.4 mln, up 62% year-on-year, while adjusted EBITDA more than doubles to $491.5 mln
** Says turnaround plan at Mara Rosa is progressing in line with expectations, with focus on higher-grade areas and easing haulage constraints
** Reiterates 2026 attributable production guidance of 300,000-328,000 gold equivalent ounces, keeping the miner on track to meet its full-year target despite higher cost pressures.
** Gold prices have gained over 7% so far this year, after hitting a record high in January and recovering sharply in August, supporting higher royalty and selling costs for miners
** As of last close, HOCM up ~22% YTD
(Reporting by Atharva Singh in Bengaluru)