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HGHGF - Hochschild Mining Gives Diversity Across Gold And Silver
Highland Gold Mining
Investment Thesis
I am still at a “buy” on Hochschild Mining (HCHDF) (LSE: HOC) despite its 40% surge YTD. Hochschild’s gold (+28% YTD) exposure reduces downside risk whilst the silver (+41% YTD) exposure indicates sizable upside potential.
Company Summary
Hochschild Mining has deep historical roots in South America and has been in business in the form of Hochschild Mining for over 50 years. The Hochschild family are still shareholders and insider ownership totals 51%. Originally, they were a mineral mining company. They transitioned to silver mining, but due to low commodity prices they,