HCHDF - Hochschild Mining: A Rough Year With A Lukewarm Recovery Ahead
- Hochschild Mining released its Q3 results in late October, reporting quarterly gold-equivalent ounce [GEO] production that was down 41% year-over-year.
- While the ~68,400 gold-equivalent ounces produced was a sharp recovery from H1 2020, the company is on track for a rough year due to shutdowns related to COVID-19.
- Previous analysis has suggested that Hochschild is significantly undervalued, but I would say that the stock is only slightly undervalued due to low visibility around mine life at San Jose.
- Therefore, I believe there are much better ways to play the silver price other than Hochschild Mining.
For further details see:
Hochschild Mining: A Rough Year With A Lukewarm Recovery Ahead