Re: why drop Oh I don't know, perhaps the price of gold and silver falling back a bit....???
why drop What is the reason for HOC drop rom 282 now 250p, most mining companies are racing up, very strange
STRONG BUY: And here's a 380p target! MasterInvestor 03/09/2016:"Hochschild Mining (HOC): Broadening Triangle Targets as High as 380p......The rise and rise of Hochschild Mining so far this year has been as powerful as it has been impressive. The latest phase of the climb started at the beginning of June, which is where the present broadening triangle has its support line running just below the 50 day moving average at 250p. The likelihood now is that provided there is no end of day close back below the 50 day line we should be treated to a new, significant leg to the upside. The favoured destination at this point is regarded as being the June resistance line projection at 380p on a 1-2 months time frame. A clearance of the 10 day moving average, at 274p currently, would be a decent momentum buy trigger for cautious bulls."[link]
Re: STRONG BUY: 335p target CORRECTED MESSAGE: We're down due to a temporary correction in gold and silver and precious metal miners. Good HOC buying opportunity imo before the market grasps the significance of last Thursday's stronger than expected mining production results. Royal Bank of Canada's recent HOC target before the results was 335p.
STRONG BUY: 335p target We're down due to a temporary correction in gold and silver and precious metal miners. Good HOC buying opportunity imo before the market grasps the significance of last Thursday's stronger than expected mining production results. Royal Bank of Canada's recent HOC target before the results was 335p.
Re: Why are we down... We're not last time silver was at this price HOC were 160p so we're well up I'm actually amazed they are holding up so well
Why are we down... with such a good update? Could a 0.25% US rate increase be so damaging?
Re: Ask the experts Hi JohnEquivalent ounces are found in most miners' figures as there's very few miners that only produce one metal e.g. I think First Majestic is the 'purest' silver miner but only c.69% of its production is silver, the rest is gold, zinc etc. To help compare overall production they measure each metal in equivalent ounces - to bring total produced into one common measure - say silver, or gold. This is done by converting one metals value to an equivalent value of the metal you wish to measure in.To take HOC's results: Silver 4,999k + Gold 66.38k produced. Apply the gold/silver ratio (GSR) - stated as 74x in footnote 1 - and you get 66.38 x 74 = 4,912.12k equivalent silver ounces. Add in actual silver produced: 4,999k + 4,912.12k = 9,911.1k equivalent silver ounces. You can do it the other way round (i.e. divide silver produced by 74) for gold equivalent ounces but as we already know the overall 'silver equivalent ounces' as being 9,911.1k the we can just divide that by 74 to get 133.93k gold equivalent ounces.It's the same principal with other metals i..e just compare average lead/zinc/whatever metal price to gold/silver/whatever prices and you can calculate the 'equivalent' measure.HTH.
Ask the experts Hello to the HOC holders. Perhaps somone can answer my question, as I am new to HOC.Why in todays figures do HOC list both ounces of Gold, and also equivalent ounces? What is an equivalent ounce? Record attributable production in Q3 2016o 66.4 thousand ounces of goldo 133.9 thousand gold equivalent ouncesI have had a holding in Highland Gold, HGM, for a couple of years and felt I should diversify and build my Gold mining portfolio. I think I understand HGM quite well now, and could probably give a 10 minute talk on the company from memory. I would like to be able to do this for all my holdings.Thanks in advance.~John~
Correction forget Marli Was thinking of RRS when I mentioned Marli tax dispute. Do not know a reason why SP has not gone up more.
Re: RNS... Rogadar, I agree and silver price up about 0.3% this morning but SP rise seems modest.at 3.4% at 9:20. I suspect Mali tax dispute still weighing them down.
RNS... Great results, should fly today
STRONG BUY: Brokers' Targets..... 03/10/2016 ROYAL BANK OF CANADA: Outperform / Target = 335p......07/09/2016 NUMIS: Add / Target = 320p
Re: STRONG BUY : strong week ahead? "China Will FEAST On Gold and Silver Monday....we will see a rise in the gold and silver price starting Monday as China will be back from their one week holiday and they will have a feast on the low price."[link]
STRONG BUY: Data due Thursday..... HOC's Q3 mining production data is due on Thursday, 13th October. The shares soared 25% in a week when the Q2 mining production data was released in July!