Hochschild Mining Reports Robust Cash Flow Amid Ongoing Suspension of Mara Rose Gold Plant

Hochschild Mining PLC, a London-based mining company targeting precious metals in the Americas, reported "robust" cash flow in the first half of 2025 despite the ongoing suspension of its Mara Rose gold plant. The company's shares rose 6.7% to 287.09 pence on Wednesday morning in London. Hochschild's attributable production totaled 81,656 gold equivalent ounces and 6.8 million silver equivalent ounces in the three months ended June 30, a 1.7% decrease from the previous year's gold production and a 1.4% decline in silver production.

Key Takeaways:

• Hochschild's attributable production in Q2 2025 totaled 81,656 gold equivalent ounces and 6.8 million silver equivalent ounces.
• This represents a 1.7% decrease in gold equivalent ounces and a 1.4% decrease in silver equivalent ounces compared to Q2 2024.
• Average realisable prices were USD2,940 per ounce of gold and USD34.4 per ounce of silver in Q2 2025.
• The company's major projects, the Immaculada mine in Peru and the San Jose prospect in Argentina, recorded higher-than-expected tonnage during the first half, although this was offset by lower metal grades at San Jose.
• The Mara Rose production plant in Brazil has been closed since June due to "heavier-than-usual seasonal rainfall" and "contractor performance issues."
• Hochschild is planning to speed up operations at Mara Rosa in the second half of 2025, with a new regional manager for Brazil, Ediney Drummond, appointed to improve the site's output.

Statistics:

• Hochschild's attributable production in Q2 2025: 81,656 gold equivalent ounces and 6.8 million silver equivalent ounces.
• Average realisable prices in Q2 2025: USD2,940 per ounce of gold and USD34.4 per ounce of silver.
• Net debt at June 30: USD203 million, reduced from USD216 million six months prior.
• Total cash at June 30: USD110 million, up from USD97 million at December 31.

Sources:

• Alliance News report, "Hochschild Mining PLC Equity Purchase and Sales (LON:HOC)";
• Hochschild Mining PLC website;