Hochschild Mining plc (HOC.L) posted a plunge in annual pre-tax profit from continuing operations to $212.27 million, from last year's $420.9 million. Excluding exceptional items, pre-tax profit on continuing operations stood at $214.13 million this year.
Full-year earnings per ordinary share from continuing operations were $0.19, down sharply from $0.50 reported a year before.
Revenue of $818.0 million for the year, was lower than the prior-year figure of $987.7 million, with gross revenue from continuing operations down 17% to $869.1 million, from $1.04 billion in 2011, driven by a decrease in production and a fall in the silver price, partially offset by a rise in the gold price.
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