Hochschild Mining PLC (OTCPK:HCHDY)
$ 27.14 0 (0%) Market Cap: 1.23 Bil Enterprise Value: 1.49 Bil PE Ratio: 0 PB Ratio: 2.00 GF Score: 60/100
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Half Year 2023 Hochschild Mining PLC Earnings Call Transcript

Sep 06, 2023 / 07:30AM GMT
Release Date Price: $27.14
Eduardo Landin
Hochschild Mining plc - CEO & Executive Director

Everyone, here is Eduardo Landin. I am the new CEO of Hochschild Mining. Let me say that I have been in the role for 10 days now. First of all, I would like to thank Ignacio Bustamante for his contribution to the company in the last 32 years. And also for the transition period that has been very positive for the company and for me.

Today's presentation, I'm going to give you some highlights of the H1 results. First of all, we have a robust operational and financial performance, revenues of $314 million, EBITDA around $100 million. Our cash balance is $94 million. The all-in sustaining cash costs of $1,572 per ounce of gold. We have presented a revised 2023 production target. It will be between 289,000 and 303,000 ounces of gold and our revised all-in sustaining cash cost target, it will be between $1,490 and $1,580 per ounce. The good news is that Inmaculada MEIA was approved on the 1st of August, Mara Rosa is progressing on time on budget. Once we got the Inmaculada permit, we have restarted the brownfield exploration program

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