Hochschild Mining Hit by Lower Precious-metal Prices but a Recovery is Expected

Dow Jones07-22 15:23

0723 GMT - Hochschild Mining's second quarter was hit by lower realized gold and silver prices but these should recover over the remainder of the year, RBC Capital Markets analyst Marina Calero writes. Realized gold and silver prices were 15% and 12% below the bank's expectations, respectively. This is due to sales timing and the impact of provisional pricing, Calero writes. Shares have also lagged peers by 10% over the past three months due to its high exposure to falls in gold and silver prices, she adds. The stock should rise in the second half as precious-metal prices recover and production at its Mara Rosa mine improves, she adds. Shares are up 1.9% at 454.40 pence.(adam.whittaker@wsj.com)

 

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July 22, 2026 03:23 ET (07:23 GMT)

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