HCHDF - Hochschild Mining resumes dividends confirms confidence in outlook

Hochschild Mining ([[HCHDF]] +0.8%) has approved the payment of the previously suspended interim dividend, and shareholders would receive a $4/share dividend; previously, the company postponed the 2020 interim dividend, owing to the uncertainties caused by Covid-19 and the risk to its operations.It remains on track to meet its revised production guidance of 280,000 to 290,000 gold-equivalent ounces ((GEO)), or 24M to 25M silver equivalent ounces.AISC in 2020 would be lower than revised guidance at between $1,200-$1,250/GEO, or between $14-$14.5 a silver-equivalent ounce.In 2021, overall attributable production is forecast to be between 360,000 and 372,000 GEOs at an AISC of between $1 210/GEO and $1 250/GEO.Capital budget for 2020 is ~$120M-$130M, including a $9M investment in the delayed expansion of the tailings storage facility at Inmaculada.

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Hochschild Mining resumes dividends, confirms confidence in outlook