Hochschild profits jump on higher precious metals prices

(Sharecast News) - South America focused miner Hochschild on Wednesday reported a jump in annual earnings as geopolitical turmoil boosted precious metals prices. Adjusted core earnings surged 39% to $583.7 million. The company said it was encouraged by an "exceptional" pricing environment precious metal markets remain volatile.

It forecast 2026 attributable production of 300,000-328,000 gold equivalent ounces compared with output of 311,509 ounces last year.

Hochschild added that its turnaround plan at the Mara Rosa mine in Brazil was progressing in-line with expectations, "positioning the asset for stronger and sustainable long-term production".

Reporting by Frank Prenesti for Sharecast.com