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DJ Hochschild 4Q Production at Inmaculada Mine Boosts Upside Potential -- Market Talk

· 02/05/2021 11:54

1654 GMT - Hochschild Mining's earnings benefited from stronger production in the fourth quarter at its Inmaculada mine, making up for weaker results at other mines, Peel Hunt says. The miner's throughput at the Argentinian mine topped 340,854 metric tons of ore, up from 327,906 tons in the prior year period, producing 43,550 ounces of gold. "This was mostly offset by a weaker result at San Jose in Argentina, but still led to a small net positive to our numbers," the brokerage says. Peel Hunt says it continues to see substantial potential upside and maintains a buy rating on the stock with a target price of 315 pence. (adriano.marchese@wsj.com)

(END) Dow Jones Newswires

February 05, 2021 11:54 ET (16:54 GMT)

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