logo
Plus   Neg
Share
Email

Hochschild Mining Posts Loss In H1; Interim Dividend Suspended - Quick Facts

Hochschild Mining plc (HOC.L) announced first-half 2013 pre-tax loss from continuing operations of $48.7 million, as against a profit of $92.26 million last year. Half-yearly loss attributable to equity shareholders of the company from continuing operations was $34.46 million, versus a $26.51 million profit a year before.

For the recent period, loss per ordinary share from continuing operations totaled $0.10, compared with an income of $0.08 in the 2012 period.

Revenue on continuing operations of $308.6 million for the six months, were lower than the prior-year figure of $354.5 million.

In first half of 2013, the company delivered attributable production of 9.7 million silver equivalent ounces, comprising 6.3 million ounces of silver and 57.9 thousand ounces of gold. Hochschild Mining said it remains on track to meet its full-year production target of 20.0 million attributable silver equivalent ounces.

In addition, the directors have not declared an interim dividend for the year 2013.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Walmart (WMT) on Wednesday announced that it is teaming up with Capital One to roll out two new credit cards designed to compete with cards from Apple and Amazon. The companies said the Capital One Walmart Rewards Credit Card Program with two new cards will launch on September 24. The program's Mastercard... Chipotle Mexican Grill Inc. is introducing a new protein to its menu, Carne Asada, starting this week. Carne Asada is Chipotle's newest protein addition since it reintroduced chorizo in September 2018. The Mexican food chain said that the new steak option will be available at its restaurants nationwide from Thursday, September 19, 2019. Pizza Hut has partnered with Cheez-It to launch a new item to its menu - the Stuffed Cheez-It Pizza. The pizza chain, a subsidiary of Yum! Brands, said that the new item combines Pizza Hut pizza and the Cheez-It cheese snack. Stuffed Cheez-It Pizza will be available on Pizza Hut menus nationwide for a limited-time. Pizza Hut is the official pizza sponsor of the NFL and NCAA.
Follow RTT