UK listed gold and silver producer Hochschild Mining warned this morning on production from its Brazilian mine, Mara Rosa. We think the sell-off is overdone and offers a good entry point.
Btw, did you include the compay´s gold hedges over the coming years in your analysis ? As far as I can see the company has hedged 50K oz until 2027 around 2100-2200, but is that all ?
Nice writeup and I agree with you that the stock offers very compelleling value. Thank you for the summary.
Hi, yes I have. You are correct. There is additionally c30% of volumes in 2025 at Inmaculada that has a ceiling of c$2500.
Btw, did you include the compay´s gold hedges over the coming years in your analysis ? As far as I can see the company has hedged 50K oz until 2027 around 2100-2200, but is that all ?