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Hochschild Mining PLC on Wednesday reported significant revenue and profit growth for last year, although its increased dividend was lower than markets had expected. The London-based gold and silver miner, which has projects in Argentina, Brazil and Peru, said revenue rose 25% to $1.18 billion in 2025, from $947.7 million in 2024. Attributable production decreased 10% to 311,509 gold equivalent ounces from 347,374 ounces. Silver production fell 12% to 7.5 million ounces, while gold production fell 10% to 221,000 ounces. However, Hoschild said this was offset by the average gold price rising 37% on-year to $3,222 per ounce while the price of silver rose 54% to $44.2 per ounce. Pretax profit after exceptional items more than doubled to $372.8 million from $177.2 million, while profit before exceptional items jumped 66% to $330.4 million from $199.1 million. ‘This year marks a key moment for Hochschild, delivering our strongest ever financial performance, driven by disciplined execution at Inmaculada and precious metal price tailwinds,’ commented Chief Executive Eduardo Landin. ‘We added 1.7 million ounces to our resource base, advanced our two exciting growth projects in Peru and Brazil, and significantly increased the dividend, reflecting the strength of our balance sheet.’ Hochschild declared a final dividend of 5.00 US cents, more than doubled from 1.94 cents per share for 2024. However, this was below the Visible Alpha consensus estimate of 5.45 cents, while RBC Capital Markets had guided for 5.15 cents. ‘At Mara Rosa, we are close to completing our turnaround plan, positioning the operation for a stronger and more sustainable future,’ Landin added. For 2026, Hochschild is aiming for attributable production between 300,000 and 328,000 gold equivalent ounces. It expects total sustaining capital expenditure, at its operating mines, of around $210 million to $225 million. Shares in Hochschild were down 3.7% at 674.46 pence each on Wednesday morning in London. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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