Half Year 2025 Hochschild Mining PLC Earnings Call Transcript
Key Points
- Hochschild Mining PLC (HCHDF) reported a 6% increase in gold production, reaching 161,000 ounces in H1 2025 compared to 2024.
- The company's revenue increased to $520 million, with adjusted EBITDA rising by 27% to $225 million.
- The Mara Rosa plant has restarted, and the reorganization is progressing well with a complete management transition.
- Hochschild Mining PLC (HCHDF) has been included in the FTSE for Good Index, highlighting its strong ESG performance.
- The company announced an interim dividend of $5.1 million, reflecting its commitment to returning capital to shareholders.
- The company's cash position was relatively low at $10 million as of June 30, 2025.
- Net debt stood at $202 million, indicating a significant financial obligation.
- Cost of sales increased due to higher production volumes and inflation in Argentina, impacting profitability.
- Mara Rosa faced operational challenges, leading to a reduction in production guidance to between 35,000 and 45,000 ounces for the full year.
- The elimination of the FX export benefit in Argentina resulted in lower other income by $5.4 million.
Hello, and welcome to Hochschild Mining's 2025 Interim Results Presentation. [Operator Instructions] I would now like to hand the call over to Eduardo Landin, Hochschild Mining's CEO. Please go ahead, sir.
Good morning, everyone, and welcome to our conference to present the H1 results. Charlie Gordon is in London and Eduardo and myself are in Lima.
I would like to start going to Page #3, please. where its key H1 2025 takeaways. During H1, we have been able to produce 161,000 ounces of cold which is 6% up compared with 2024. Our revenues has been $520 million. Our adjusted EBITDA went up 27%, up to $225 million. All entering cash cost has been also to 1,914 per ounce, and we will explain why during this presentation. Our cash position on the 30th of June, it was $10 million, and our net debt was $202 million. we have an interim dividend announced of $5.1 million.
And the good news about [Mara Rosa] is that the plant has restarted. Going into the H2 2025, Mara
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