Basic earnings per share climbed to $0.18, up from $0.08 a year earlier
LONDON: Hochschild Mining PLC (LSE: HOC, OTCQX: HCHDF) reported a 33% surge in revenue to $520 million for the first half of 2025, driven by higher production and improved pricing. Adjusted EBITDA rose 27% to $224.5 million, while profit before income tax (post-exceptional) more than doubled to $140.1 million.
The company declared an interim dividend of 1.0 cent per share, totaling $5.1 million. Basic earnings per share climbed to $0.18, up from $0.08 a year earlier.
Operationally, attributable production reached 161,597 gold equivalent ounces, up from 152,792 ounces in H1 2024. However, all-in sustaining costs rose to $1,914 per gold equivalent ounce, reflecting inflationary pressures and remedial work at the Mara Rosa mine.
The Mara Rosa processing plant has restarted, with mechanical repairs underway. Hochschild also appointed a new country manager for Brazil to oversee operations.
Exploration efforts yielded promising results at Inmaculada and Mara Rosa, while development continues at Monte Do Carmo. Sustainability metrics improved across the board, including a lower Lost Time Injury Frequency Rate and reduced water and waste consumption.
Despite strong interim performance, Hochschild revised its full-year production guidance downward to 291,000–319,000 gold equivalent ounces, citing operational challenges at Mara Rosa. The company now expects all-in sustaining costs to range between $1,980 and $2,080 per ounce.
Hochschild reaffirmed its commitment to ESG goals, recently joining the United Nations Global Compact.