Hochschild Mining plc (HCHDF) Q4 2024 Earnings Call Transcript

2025-03-12 15:45:18 ET

Hochschild Mining plc (HCHDF)

Q4 2024 Results Conference Call

March 12, 2025 07:00 AM ET

Company Participants

Eduardo Landin - Chief Executive Officer

Eduardo Noriega - Chief Financial Officer

Charles Gordon - Head of Investor Relations

Conference Call Participants

Ian Rossouw - Barclays

Richard Hatch - Berenberg

Marina Calero - RBC Capital

Patrick Jones - JPMorgan

Presentation

Eduardo Landin

Good morning, everyone, and welcome to our presentation of the 2024 results. Let me begin with an English sentence that is we walk the talk, yes. That's what we do as management.

I would like to begin the presentation remembering our strategy. We said back in November 2023 that we will have a strategy to deliver growth, basically based on 4 pillars. I mean the first pillar was brownfield, generating long-term value, extending life of mines and also very focused on mineable resources. I mean it's noteworthy to bring resources that they are not going to be mineable.

Also, we will be focusing on operational efficiency on site leadership to be close to the sites, I think is very important. I've been 6x on the site this year, I mean, 2024, Implementing a lean philosophy across the company, cost optimization projects and also our proven development record that has been demonstrated in Mara Rosa.

ESG is very important for us, especially safety, the safety of our workers, water management, which is on top of the table, a new community approach, a new talent approach and also all our KPIs in place for 2030. And in terms of disciplined capital allocation, of course, our -- through our balance sheet to fund the organic growth of our projects, debt repayment, capital return through dividends. And of course, if we do any M&A, as we have done in Monte do Carmo has to be M&A value accretive.

Also, we said that we were -- we will be focusing on core assets, and that's what we have done. The latest news is that in December, we have closed Crespo, Azuca and Arcata, we sold those projects. And today, we are focusing on our core assets Inmaculada and Royropata in Peru; Mara Rosa, Monte do Carmo in Brazil and San Jose in Argentina....

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