Plus   Neg

Hochschild Mining FY Profit Rises - Quick Facts

Hochschild Mining Plc. (HOC.L) reported that its profit attributable to equity shareholders of the parent from continuing operations for the year ended 31 December 2019 rose to $28.95 million or $0.06 per share from $12.84 million or $0.03 per share in the prior year.

Profit before income tax--pre-exceptional-- was up 89% at $103.4 million.

Gross revenue from continuing operations increased by 6% to $780.4 million from last year's $733.6 million due to an increase in the average precious metals prices received as well as a rise in gold sales offsetting a fall in ounces sold of silver in line with decreased silver production.

Annual net revenue grew to $755.7 million from $704.3 million last year.

The company expects attributable production in 2020 of 422,000 gold equivalent ounces or 36 million silver equivalent ounces.

The company said its board recommended a final dividend of 2.335 cents per share.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The U.S. National Restaurant Association is launching a campaign to help restaurants reassure customers that they stick to healthy and safe standards, as the restaurant industry is struggling amid the coronavirus outbreak. The association and its food and beverage safety training and certificate program ServSafe announced the nationwide "ServSafe Dining Commitment". Luxury electric car maker Tesla Inc. (TSLA) announced Thursday that it delivered about 90,650 vehicles in the second quarter of 2020, while producing more than 82,000 vehicles. The deliveries include 80,050 Model 3 sedans and Model Y cross-over SUVs as well as 10,600 Model S and X vehicles. The... Boy Scouts of America recalled about 78,000 units of Cub Scout outdoor activity pins for violating the federal lead content ban, a statement by the U.S. Consumer Product Safety Commission (CPSC) showed. The company said the activity pin's face and shaft contain levels of lead that exceed the federal lead content ban. Lead is toxic if ingested by young children and can cause adverse health issues.
Follow RTT