Yahoo Finance Hochschild Mining Full Year 2023 Earnings: EPS Misses Expectations
Hochschild Mining (LON:HOC) Full Year 2023 Results
Key Financial Results
Revenue: US$693.7m (down 5.7% from FY 2022).
Net loss: US$55.0m (down from US$2.96m profit in FY 2022).
US$0.11 loss per share (down from US$0.006 profit in FY 2022).
HOC Production and Reserves
Gold
Production: 186.09 troy koz (206.01 troy koz in FY 2022)
Proved and probable reserves (ore): 29.07 Mt (29.84 Mt in FY 2022)
Number of mines: 3 (3 in FY 2022)
Silver
Production: 9,517 troy koz (11,003 troy koz in FY 2022)
Proved and probable reserves (ore): 29.07 Mt (29.84 Mt in FY 2022)
Number of mines: 3 (3 in FY 2022)
All figures shown in the chart above are for the trailing 12 month (TTM) period
Hochschild Mining EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.
The primary driver behind last 12 months revenue was the Inmaculada segment contributing a total revenue of US$396.6m (57% of total revenue). Notably, cost of sales worth US$507.0m amounted to 73% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling US$140.5m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how HOC's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 1.0% growth forecast for the Metals and Mining industry in the United Kingdom.
Performance of the British Metals and Mining industry.
The company's share price is broadly unchanged from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Hochschild Mining's balance sheet and an in-depth analysis of the company's financial position.
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