Business
Interim results
Interim results.
About this update from Hochschild Mining Plc
[{"type":"text","content":"\n RNS Number : 2340R Hochschild Mining PLC 18 August 2010 \n \n\n \n \n \n \n \n \n \n18 August 2010\nHochschild Mining plc\nInterim results for the six months ended 30 June 2010 \n \nOperational Highlights \n \n· H1 2010 production of 12.8 million attributable silver equivalent ounces: on track to achieve 2010 production target of 26.3 million attributable silver equivalent ounces\n· $50 million exploration programme1 delivering positive results, $24.4 million invested in H1 2010: \n- Significant increase in resource life up 11% to 7.9 years2, expected to further increase by year end \n- Scoping study commenced at 100% owned Azuca project\n- 100% owned Crespo project progressing towards scoping \n- Impressive drilling results at the Company's core assets, Arcata, Pallancata and San Jose \n- 'Company maker' pipeline expanded to six projects, active drilling to add further opportunities \n \nFinancial Highlights* \n \n· Record H1 revenue of $306.9 million, up 33% year-on-year\n· EBITDA of $150.1 million, up 51% year-on-year \n· Profit before tax tripled to $87.3 million \n· EPS of $0.11 per share, more than doubled year-on-year \n· Solid financial position with cash balance of $91.0 million \n· Interim dividend of $0.02 per share \n· Continued focus on profitability and cost control - costs remain in line with full year guidance \n \n* On a pre-exceptional basis \n--------------------------------------------------------------------------------------------------------------------------------------------\n \nHighlights for the six months ended 30 June 2010 \n\n\n\n\n($ millions, before exceptional items unless stated)\n\n\nSix months ended 30 June 2010\n\n\nSix months ended 30 June 2009\n\n\n% change\n\n\n\n\nAttributable silver production (koz)\n\n\n8,477\n\n\n9,250\n\n\n(8)%\n\n\n\n\nAttributable gold production (koz)\n\n\n72.5\n\n\n77.6\n\n\n(7)%\n\n\n\n\nR...