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Hochschild Mining annual profit rises as higher commodity prices bolster revenue
StockMarketWire.com
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Mining company Hochschild Mining reported a rise in annual profit as higher commodity prices boosted growth.
For the year ended 31 December 2021, pre-tax profit was $137.3 million, up from $62.9 million a year earlier as revenue increased to $811.4 million from $621.8 million.
Full year attributable production was 362,972 gold equivalent ounces, in line with attributable production guidance of 360,000-to-372,000 gold equivalent ounces.
The final proposed dividend was 2.3 cents per share, or $12.0 million, bringing the full-year total cash dividend to $22.0 million, down from $32.6 million last year.
Looking ahead, production for 2022 was forecast in a range of 335,000-to-345,000 gold ounces equivalent ounces using 86 times gold silver ratio, and all-in sustaining cost of between $1,440 to $1,480 per gold equivalent ounce. Story provided by StockMarketWire.com
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