# Hochschild Mining reports 62% revenue growth in H1 2026

- Link: https://www.directorstalkinterviews.com/hochschild-mining-reports-62-revenue-growth-in-h1-2026/4121261193
- Published: 2026-08-26T07:30:08+01:00
- Author: Amilia Stone

**Hochschild Mining PLC **(LON:HOC) has announced its interim results for the six
months ended 30 June 2026.

**Financial Highlights**^([1])

| Revenue up 62% at $844.4 million (H1 2025: $520.0 million)^([2]) | 
| Adjusted EBITDA up 119% at $491.5 million (H1 2025: $224.5 million)^([3]) | 
| Profit before income tax of $365.8 million (H1 2025: $109.3 million) | 
| Basic earnings per share of $0.37 (H1 2025: $0.12) | 
| Cash and cash equivalents and short-term investments balance of $308.7 million as at 30 June 2026 (31 December 2025: $319.6 million) | 
| Net cash of $51.1 million as at 30 June 2026 (31 December 2025: net debt of $20.0 million)^(2) | 
| Final 2025 dividend of $25.7 million to Hochschild shareholders and dividend to San Jose joint venture partner of $58.3 million both paid in H1 2026 | 
| Interim dividend of $4.0 cents per share ($20.6 million), representing a significant increase (H1 2025: $1.0 cent per share) |

**Operational & Exploration Highlights****^([4])**** **

| H1 2026 attributable production of 151,830 gold equivalent ounces or 11.7 million silver equivalent ounces (H1 2025: 165,176 gold equivalent ounces or 12.7 million silver equivalent ounces) | 
| Attributable all-in sustaining costs (AISC)^(2) from operations of $2,448 per gold equivalent ounce (H1 2025: $1,873) or $31.8 per silver equivalent ounce (H1 2025: $24.3) | 
| Turnaround plan at Mara Rosa progressing in-line with expectations: | 
| o  Encouraging performance by new mining contractoro  Focus on accessing higher-grade areas, improving haulage constraints, tailings thickener ramp-up combined with filtration and water management processes | 
| Development work continues at Monte Do Carmo – investment decision expected by year-end | 
| Royropata Modified Environmental Impact Assessment (MEIA) recently submitted to the Peruvian government in line with project development schedule | 
| Promising first results from 2026 brownfield drilling campaign |

**ESG**

| Fatality at Inmaculada in June, prompting an extensive investigation (FY 2025: zero fatalities) | 
| Lost Time Injury Frequency Rate of 0.85 (FY 2025: 0.97)^([5]) | 
| Fresh water used per tonne of ore processed: 0.21 m^(3)/tonne (FY 2025: 0.26 m^(3)/tonne) | 
| Recycled waste of 82.4% (FY 2025: 81.4%) | 
| Local workforce vs total workforce of 67.1% (FY 2025: 65.9%) | 
| Women in the workforce of 11.0% (FY 2025: 10.6%) |

**2026 Full year guidance**

| Attributable production target reiterated: | 
| o  300,000- 328,000 gold equivalent ounces | 
| Revised operations attributable all-in sustaining costs target: | 
| o  $2,380-$2,500 per gold equivalent ounce (previously $2,157-$2,320 per gold equivalent ounce)o  Impact of higher prices on royalties, workers profit sharing & selling expenseso  Stronger-than-expected local currencies in all three countrieso  Continued net cost inflation in Argentina | 
| Sustaining and development capital expenditure reiterated at approximately $210-$225 million |

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