|Bid||0.00 x 203600|
|Ask||260.00 x 250000|
|Day's range||190.05 - 203.60|
|52-week range||190.05 - 337.60|
|PE ratio (TTM)||25.30|
|Earnings date||6 Mar 2018 - 12 Mar 2018|
|Forward dividend & yield||0.02 (1.20%)|
|1y target est||3.24|
Gold and silver miner Hochschild Mining (Frankfurt: H3M.F - news) Plc, which has been scouting for early-stage mining projects, is interested in moving into other metals including copper and zinc, the company's chief executive said on Wednesday. Miners around the world have been looking to take advantage of demand for minerals used in car batteries and new electric vehicles, forecast to soar in coming years as governments crack down on pollution and fossil fuel engines. Zinc is another one," Chief Executive Officer Ignacio Bustamante told Reuters, adding that the company might also go for other minerals linked to electronics and batteries.
Hochschild said it expected attributable production to rise to 514,000 gold-equivalent ounces this year from 513,598 gold equivalent ounces in 2017. Hochschild's core earnings fell 8.6 percent to $300.8 million in 2017, hurt by higher costs and its continued spending on brownfield exploration projects. Hochschild forecast all-in-sustaining-costs (AISC) of about $960-$990 per gold equivalent ounces, above the $910 it recorded last year.
Precious metals miner Hochschild Mining Plc (Frankfurt: H3M.F - news) is doubling down on efforts to find early-stage mining projects to acquire and is open to deposits that depart from its focus on silver and gold, the chief executive said on Wednesday. Speaking at the mining convention Perumin in southern Peru, Ignacio Bustamante said the company was mostly looking at opportunities in mineral-rich countries in the Americas with investor-friendly laws, and mentioned Peru, Mexico, Chile (Stuttgart: 704599.SG - news) , Colombia, Argentina, Canada and the United States. Hochschild's strength is building underground mines with narrow mineral veins and can help exploration companies develop their finds, Bustamante said.
** Hochschild set for biggest one-day percentage drop since May 2016, by far & away top faller on FTSE midcap index ** H1 pretax profit falls by more than a third after company incurred higher costs ** ...