Hochschild Mining Shares Jump 7% on Strong First-Half Earnings

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Hochschild Mining shares jumped more than 7% after the London-listed precious metals miner reported a sharp first-half earnings surge for the six months to June 30, 2026. Revenue rose 62% to $844.4 million from $520.0 million a year earlier, while adjusted EBITDA climbed 119% to $491.5 million. Profit before tax jumped to $365.8 million from $109.3 million, and basic earnings per share rose to $0.37 from $0.12. The company moved to a net cash position of $51.1 million from net debt of $20.0 million at the end of 2025, and quadrupled its interim dividend to 4.0 US cents per share from 1.0 cent. Despite a softer production picture, with attributable output falling to 151,830 gold equivalent ounces from 165,176 ounces, average realized gold prices rose 47% to $4,166 per ounce and silver prices surged 130% to $77.80 per ounce. Hochschild raised its full-year all-in sustaining cost guidance to $2,380 to $2,500 per gold equivalent ounce, up from $2,157 to $2,320, while keeping production guidance unchanged at 300,000 to 328,000 gold equivalent ounces and capital expenditure guidance at around $210 million to $225 million. The company also reported a fatality at its Inmaculada operation in Peru, and is advancing projects including Mara Rosa in Brazil, Royropata in Peru, and Monte Do Carmo in Brazil, with a final investment decision on Monte Do Carmo expected in December.

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Hochschild Mining plc
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Strong first-half earnings surge with revenue up 62%, EBITDA up 119%, and dividend quadrupled.

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