Previous close | 80.05 |
Open | 81.60 |
Bid | 81.55 x 0 |
Ask | 81.85 x 0 |
Day's range | 80.60 - 82.75 |
52-week range | 60.86 - 156.65 |
Volume | |
Avg. volume | 1,808,856 |
Market cap | 422.92M |
Beta (5Y monthly) | 1.15 |
PE ratio (TTM) | 6.86 |
EPS (TTM) | 0.12 |
Earnings date | 17 Aug 2022 |
Forward dividend & yield | 0.03 (4.11%) |
Ex-dividend date | 05 May 2022 |
1y target est | 1.35 |
London-listed Hochschild, which operates two mines in southern Peru and one in Argentina, said adjusted core profit rose to $382.8 million for the year ended Dec. 31, from $270.9 million a year earlier. Operations at the miner's flagship Inmaculada gold-silver mine in Peru were suspended again in July 2020, as some of its workers tested positive for COVID-19 after Hochschild halted all operations between mid-March and May that year. In November last year, Peru planned to rule out timeline extensions for Ayacucho mines on environmental concerns and said they would instead close down in the near future, setting up a clash with mining executives and sending Hochschild's shares crashing.
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.
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