Hochschild Mining’s London-listed shares surged 6.4% on Wednesday, rising from an opening price of 636p to a session peak of 667.5p before settling at 665.5p. The advance contrasted with the broadly flat performance of the FTSE 100, as the miner outperformed peers such as Fresnillo and Endeavour Mining.
The company reported a 62% increase in revenue to $844.4 million for the six months ended June 30, 2026, compared with the same period a year earlier. Adjusted EBITDA more than doubled to $491.5 million, while profit before income tax climbed to $365.8 million from $109.3 million in H1 2025. Basic earnings per share rose to $0.37 from $0.12.
Hochschild’s balance sheet strengthened, with the miner moving into a net cash position of $51.1 million, reversing a prior net debt position of $20.0 million. The board declared an interim dividend of 4.0 US cents per share, four times higher than the prior-year amount.
Production fell to 151,830 gold equivalent ounces from 165,176 ounces in the first half of 2025, while management raised full-year cost guidance for 2026, citing higher operating expenses at operations in Peru, Argentina and Brazil.
The company’s results were released ahead of a scheduled analyst and investor conference call on the same day. Gold prices have climbed to multi-month highs near $4,630 per ounce, contributing to the improved financial performance.
