|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's range||27.14 - 27.14|
|52-week range||22.22 - 37.06|
|Beta (5Y monthly)||1.30|
|PE ratio (TTM)||17.57|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
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Hochschild Mining expects Peru's regulators to approve in the first half of 2022 a plan to extend the life of its Inmaculada silver mine, an executive said, after the firm's shares were hammered by a dispute fuelled by locals opposed to the extension. "This request is in the evaluation stage by (environmental regulator) SENACE and is expected to be approved in the first half of 2022," José Augusto Palma, Hochschild's vice president for legal and corporate affairs, told Reuters by email. The mining ministry in Peru, the world's No. 2 producer of silver and copper, and SENACE did not immediately respond to requests for comment. The firm's Inmaculada and Pallancata mines have been the target of protests by communities in the Andean region of Ayacucho in southern Peru, who oppose any extension, saying the mines pollute local water sources.
Shares of Hochschild Mining were down around 8% on Tuesday, after collapsing 27% a day earlier after Peru's government indicated that it would not approve operational extensions for its flagship Inmaculada silver mine. The slide continued despite a crunch meeting late on Monday between the government and the powerful National Society of Mining, Energy and Oil, which both sides said had been "very productive." Peru's prime minister, Mirtha Vasquez, sparked anger in the sector and triggered the Hochschild sell-off when she said on Friday that several mines would not be granted further operational extensions due to environmental concerns.