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LONDON - Hochschild Mining PLC (LSE:HOC) reported a 33% increase in revenue to $520 million for the first half of 2025, up from $391.7 million in the same period last year, according to a press release statement issued Wednesday.
The precious metals producer posted a 27% rise in adjusted EBITDA to $224.5 million and saw its profit before income tax (post-exceptional) reach $140.1 million, compared to $69.4 million in the first half of 2024.
Attributable production reached 161,597 gold equivalent ounces, representing a 5.8% increase from the 152,792 ounces produced in the first half of 2024. The company’s gold production rose 12% while silver production declined 6%.
The mining firm reported all-in sustaining costs of $1,914 per gold equivalent ounce, up from $1,432 in the comparable period last year.
Hochschild announced an interim dividend of $1.0 cent per share, amounting to approximately $5.1 million.
The company has revised its 2025 full-year guidance, reducing its Mara Rosa production target to 35,000-45,000 ounces from the previously announced 94,000-104,000 ounces. The company cited ongoing mechanical filter repairs and operational improvements at the Brazilian mine, which is currently in the process of restarting and ramping up its processing plant.
Overall attributable production guidance for 2025 has been adjusted to 291,000-319,000 gold equivalent ounces, down from the previous target of 350,000-378,000 ounces.
The company reported a cash and cash equivalents balance of $109.8 million as of June 30, 2025, compared to $97.0 million at the end of 2024, while net debt decreased to $202.3 million from $215.6 million during the same period.
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