Full Year 2025 Hochschild Mining PLC Earnings Call Transcript
Key Points
- Hochschild Mining PLC (HCHDF) reported its strongest ever financials for 2025, with a 28% increase in revenue and a 39% increase in EBITDA, reaching nearly $600 million.
- The company ended the year with $370 million in cash and a net debt of only $23 million, indicating strong financial health.
- Hochschild Mining PLC (HCHDF) declared a dividend of 5p, reflecting its commitment to returning value to shareholders.
- The company achieved a world-class safety performance with a frequency rate of 0.97 and was included in the FTSE for Good Index series, highlighting its strong ESG metrics.
- Significant exploration success was reported, with 1.7 million ounces of gold equivalent resources discovered, particularly at the Inmaculada and Royropata sites.
- The attributable all-in sustaining cost was $2,138 per ounce, which is higher than the previous year, indicating increased production costs.
- Cost of sales increased by 12% due to higher production volumes and fixed costs during stoppage and ramp-up periods at San Jose.
- Higher prices led to increased royalties and workers' profit sharing, impacting the company's financials.
- The company faced operational challenges at Mara Rosa, requiring $30 million to recover from production issues.
- Mine closure costs and other expenses have started to increase, partly due to inflation and new engineering works.
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Excellent. Okay, good morning, everyone. Welcome to a Hochschild financial presentation 2025 results. And we have very good news today. Let me go to, first of all the disclaimer, and that's the basically takeaways.
As I said, 2025 has been a very good year with the strongest ever financials. We produced 311,000 ounces. The revenue went up 28%. The EBITDA went up 39%, up to nearly $600 million. Our attributable all in sustaining cost was $2,138 per ounce. And we end up the year with $370 million in cash. Our net debt was $23 million.
The dividend is going to be [5p]. And we have had a significant amount of resources, 1.7 million ounces gold equivalent, especially at the Inmaculada and also at Royropata.
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