HCHDF - Hochschild Mining: A Win-Win Company
In my last article on Hochschild Mining (HCHDF) I discussed significant progress the company made cutting its costs of production. I also pointed out that “putting a cash-burning mine (Arcata) on care and maintenance could be a pretty good idea but… the company’s management team has a different approach.”
To my astonishment, in January 2019 Hochschild mentioned that Arcata could be put on care and maintenance. Finally, in its 2018 preliminary annual report the company confirmed it had made a decision to stop mining at this lagging mine. Well, I am very satisfied