Hochschild Mining (#HOC) – emphasises H1 growth but also some higher than previously guided costs

Hochschild Mining – Q1 2025 Production Report from an already winning share tip, still a Buy

Hochschild Mining (HOC) has issued its “Q1 2025 Production Report” including, “remain confident in a recovery in production during the second half of the year and reaffirm our full-year production guidance”. So how’s the latest performance from this South America producer?

Hochschild Mining – gold and silver exposure value

As record gold price excitement further builds in Nigel Somerville’s Montana Log-Cabin, we already have various production exposure to the metal on this website as well as development/exploration exposure. However, on our longer-term focused N50 website, we also have some material silver exposure via FTSE 100 Fresnillo (FRES) – shares in which are, at 920p, up more than 18% from a last year high in October and up 48% in 2025 to-date. Meanwhile, despite a good rise following recent results, for shares in smaller peer Hochschild Mining (HOC), a 235.5p offer price compares to above 240p reached last October and only 10% up in 2025 to-date. As gold and silver price excitement further builds, the following is why we can see a 350p+ share price here and potentially well above that on real sector excitement developing.

Hochschild Mining (#HOC) – Eduardo Landin appointed CEO, Ignacio Bustamante moves to non-executive director

Hochschild Mining (#HOC) – Modified Environment Assessment permitting process for Inmaculada mine “remains ongoing”, now expects decision in Q1

Hochschild Mining (#HOC) – final prospectus receipt for Canada IPO of Aclara Resources

Hochschild Mining (#HOC) – agreement to acquire Amarillo Gold for approx. C$135 million

Hochschild Mining (#HOC) – notes Peruvian government clarification, its mines “will continue to operate under the existing legal framework”

Hochschild offers possible large upside for speculators, but I'd wait until the political risk is resolved before buying

Political risk is always hard to gauge, and where it does start to become a potential issue for a company, it is rarely clear in advance just how much of a problem it could be. The political risk in Peru increased significantly earlier this year when left wing president Pedro Castilla came to power, especially for mining and oil companies as he had promised to heavily tax foreign companies operating there.

Hochschild Mining (#HOC) – reports that authorities are seeking to close certain projects including its Pallancata and Inmaculada mines, to “vigorously defend”

Hochschild Mining (#HOC) – H1 swing back to profit, “on track to deliver overall 2021 production target”

Hochschild Mining (#HOC) – San Jose mine impacted by regional lockdown; halt & deep-clean, “expecting to restart limited operations on 4 December”

Hochschild Mining (#HOC) – temporarily halted operations at Inmaculada, Peru as there has been “a number” of workers testing positive for Covid-19

Hochschild Mining (#HOC) – to restart Peru mines, “ramping-up progressively to achieve full production in the coming weeks”

Silver is my metal of choice at the moment and offers great longer term upside

At the moment most of the focus on commodities that I have been seeing has been on gold and oil, and what people are forecasting for the coming months and longer term. But I suggest we are missing a great opportunity here.

Hochschild Mining (#HOC) – to place Arcata mine on care and maintenance, noting “continuing low silver price over some years and current geological conditions”

Silver is due a bounce - Hochschild will benefit

Silver has been incredibly volatile this year with large swings, but it is now back at a level where I can see a good chance of a bounce coming, and that in turn offers upside on producers of the precious metal.

Hochschild Mining (#HOC) – fatal accident involving two contractors, operations at Inmaculada mine suspended

Hochschild (#HOC) – Pallancata mine to re-commence operations as agreement reached with a local community

Invest in silver now for future shortages in supply

Other than a few months around the start of the year, we are now seeing silver back at its lowest levels since mid-2009, and I can see a strong bounce coming soon.