Hochschild Mining PLC (LSE:HOC) reported that its subsidiary, Tiernan Gold Corp., has closed a brokered private placement worth C$58.4 million, raised through the sale of subscription receipts. The transaction increases Hochschild’s ownership in Tiernan to 69.8% (61.9% on a fully diluted basis), reinforcing the group’s strategic foothold in the precious metals sector. The fresh capital will be directed toward Tiernan’s ongoing programs and could play a meaningful role in advancing Hochschild’s long-term growth ambitions.
The company’s broader outlook reflects supportive technical indicators and resilient financial metrics, even as earnings and cash generation have shown periodic volatility. Valuation levels appear reasonable, although the dividend yield remains on the lower side. Recent commentary from the earnings call highlighted steady operational progress, tempered by ongoing supply-chain constraints.
More about Hochschild Mining
Hochschild Mining PLC is a major precious metals producer with a long-standing focus on silver and gold. Listed in London and cross-traded in the U.S., the company specializes in the exploration, mining, and processing of epithermal vein deposits, drawing on more than five decades of operational expertise. Its portfolio includes two underground mines in Peru and Argentina and an open-pit gold operation in Brazil, alongside an array of advanced and early-stage projects across the Americas.
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