Hochschild Mining plc

Notable vs. Peers

• Financials score of 5.7/10 is weaker than the peer average of 7.6/10.

Lifecycle Milestones

1. Permit granted

   Sep 2013 · Peru's government approved the final mill construction permit for the Inmaculada Advanced Project, completing the final stage of the project's construction permitting process, with commissioning on track for Q4 2014 at the time. · Source
2. Construction decision (FID)

   Reached — date not disclosed · No separately dated 'Board approves construction' release distinct from the feasibility study itself was found (consistent with Task #430 batch4's own prior finding). Hochschild's own company history page states Inmaculada's feasibility study (based on the main Angela vein resources) was completed/published in January 2012, 'laying the foundations for the next phase of growth' (a targeted 50% company-wide production increase) -- the decision-equivalent event, per this campaign's established convention of using feasibility-study completion as CONSTRUCTION_DECISION absent a separately announced board sanction (same convention as Imperial Metals/Red Chris, Task #430 batch4, and MUX's own CONSTRUCTION_DECISION row above). This January 2012 date precedes the September 20, 2013 permit already on file under PERMIT_GRANTED -- that row is explicitly sourced as the FINAL stage of a multi-stage construction-permitting process (per its own note), consistent with site work and early construction proceeding through 2012-2013 (as this miner's existing CONSTRUCTION_START row already documents, 'underway ahead of' the September 2013 final permit) after the board committed to the project on the strength of the January 2012 feasibility study. Month precision only. · Source
3. Construction start

   Reached — date not disclosed · Construction of the Inmaculada mill/processing plant was underway ahead of the September 20, 2013 final construction permit (which itself confirms commissioning was 'on track for fourth quarter 2014'), following a 2012 feasibility study of the Angela vein resources. No single dated 'construction start' release found; recorded reached-but-undated, c. 2012-2013. · Source
4. First pour / production

   Jun 2015 · Inmaculada delivered its first production of dore. · Source
5. Commercial production

   Reached — date not disclosed · Genuinely reached, but no single company-wide commercial-production date exists across a multi-mine, multi-country portfolio (Inmaculada and San Jose JV in Peru/Argentina respectively -- San Jose is actually in Argentina, Mara Rosa in Brazil) built over decades. Production report for the 6 months ended 30 June 2026 reported attributable H1 production of 151,830 gold-equivalent oz (Q2 alone: 76,231 GEO -- Inmaculada ~45koz, San Jose ~32koz, Mara Rosa improving), on track for full-year guidance of 300,000-328,000 GEO. This row was missing entirely prior to 2026-08-21 -- a genuine data gap, not a stage error; Miner.stage was already correctly PRODUCTION. · Source

Milestones are recorded only from a company's own dated disclosure. A milestone with no date shown is one we can confirm was reached but for which no date was disclosed — we don't estimate one. "Not yet reached" means exactly that, not that a date is missing. An "Expected" line likewise only ever reflects the company's own guidance (e.g. a study or permit decision targeted for a stated quarter) — most not-yet-reached milestones have none, and that absence means no such guidance has been disclosed, not that one is overdue.

A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal the underlying research identifies — whether a major already holds a JV, earn-in, or 5–19.9% strategic stake — isn't tracked yet and is absent from this score.