Hochschild Mining reported a 62% year-over-year increase in revenue for the six months ended June 30, rising to $844.4 million from $520.0 million in the same period of 2025.
Adjusted EBITDA surged 119% to $491.5 million, up from $224.5 million a year earlier, while profit before income tax reached $365.8 million compared with $109.3 million previously. Basic earnings per share more than tripled to $0.37 from $0.12.
Net cash stood at $51.1 million as of June 30, a shift from a net debt position of $20.0 million at year-end 2025. Cash, cash equivalents and short-term investments totaled $308.7 million.
The board declared an interim dividend of 4.0 cents per share, equivalent to $20.6 million, versus 1.0 cent per share in the first half of 2025. The company also paid a final dividend for 2025 totaling $25.7 million and remitted $58.3 million to its San Jose joint venture partner.
Attributable gold-equivalent production fell 8% to 151,830 ounces in the first half, down from 165,176 ounces a year earlier. For the full year, Hochschild maintained its production guidance of 300,000 to 328,000 gold-equivalent ounces.
All-in sustaining costs rose to $2,448 per ounce from $1,873, prompting a revision to the full-year AISC target to between $2,380 and $2,500 per ounce, up from the prior range of $2,157 to $2,320. The company cited higher prices affecting royalties, stronger local currencies and cost inflation in Argentina as factors behind the increase.
Operations at the Inmaculada mine recorded one fatality in June, following zero fatalities in 2025.
