Hochschild Mining Posts Record-Breaking First-Half Earnings on Rising Precious Metals Prices

Hochschild Mining's financial performance has significantly improved in the first half of 2026 due to higher precious metals prices. The company's adjusted earnings more than doubled, reaching US$491.5 million, a 119% increase from the same period last year.

The stronger gold and silver prices offset lower production and higher operating costs. Hochschild's average realised gold price rose 47% to US$4,166 an ounce, while its realised silver price increased 130% to US$77.80 an ounce.

Despite a decline in attributable production to 151,830 gold equivalent ounces, the company maintained its full-year production guidance of 300,000 to 328,000 gold equivalent ounces. However, it increased its forecast for all-in sustaining costs to US$2,380-US$2,500 per ounce.