Hochschild Mining Full Year 2023 Earnings: EPS Misses Expectations

Hochschild Mining (LON:HOC) Full Year 2023 Results

Key Financial Results

• Revenue: US$693.7m (down 5.7% from FY 2022).
• Net loss: US$55.0m (down from US$2.96m profit in FY 2022).
• US$0.11 loss per share (down from US$0.006 profit in FY 2022).

HOC Production and Reserves

Gold

• Production: 186.09 troy koz (206.01 troy koz in FY 2022)
• Proved and probable reserves (ore): 29.07 Mt (29.84 Mt in FY 2022)
• Number of mines: 3 (3 in FY 2022)

Silver

• Production: 9,517 troy koz (11,003 troy koz in FY 2022)
• Proved and probable reserves (ore): 29.07 Mt (29.84 Mt in FY 2022)
• Number of mines: 3 (3 in FY 2022)

All figures shown in the chart above are for the trailing 12 month (TTM) period

Hochschild Mining EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Metals and Mining industry in the United Kingdom.

Performance of the British Metals and Mining industry.

The company's shares are up 4.4% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Hochschild Mining's balance sheet and an in-depth analysis of the company's financial position.

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