Business
Preliminary Results 2019
Preliminary Results 2019.
About this update from Hochschild Mining Plc
[{"type":"text","content":"\n \n \n RNS Number : 4096D\n Hochschild Mining PLC\n 19 February 2020\n \n \n \n \n \n \n \n \n \n \n \n \n \n _____________________________________________________________________________________\n \n \n \n \n Click on, or paste the following link into your web browser, to view the associated PDF document.\n \n \n \n \n \n http://www.rns-pdf.londonstockexchange.com/rns/4096D_1-2020-2-19.pdf\n \n \n \n \n \n \n 19 February 2020\n \n \n \n \n \n \n \n \n Preliminary Results for the year ended 31 December 2019\n \n \n \n \n \n \n \n \n \n \n \n Robust 2019 financial performance\n \n \n § \n Revenue up 7% at $755.7 million (2018: $704.3 million)\n \n \n \n \n [1]\n \n \n \n \n \n \n § \n Adjusted EBITDA up 28% at $343.3 million (2018: $268.0 million)[2]\n \n \n § \n Profit before income tax (pre-exceptional) up 89% at $103.4 million (2018: $54.7 million)\n \n \n § \n Profit before income tax (post-exceptional) up 100% at $76.8 million (2018: $38.4 million)\n \n \n § \n Basic earnings per share (pre-exceptional) up 80% at $0.09 (2018: $0.05)\n \n \n § \n Basic earnings per share (post-exceptional) up 100% to $0.06 (2018: $0.03)\n \n \n § \n Cash and cash equivalent balance of $166.4 million as at 31 December 2019 (2018: $79.7 million)\n \n \n § \n Net debt reduced by 57% to $33.2 million as at 31 December 2019 (2018 $77.4 million)\n \n \n § \n Final proposed dividend up 19% at 2.335 cents per share ($12.0 million) bringing the full-year total dividend to $22.2 million (2018: $20.0 million)\n \n \n Strong 2019 operational delivery[3] \n \n \n § \n All-in sustaining costs (AISC) from operations down to $965 per gold equivalent ounce (2018: $973) or $11.9 per silver equivalent ounce (2018: $12.0) comfortably in line with full year cost guidance of $960-$1,000 per gold equivalent ounce or $11.8-12.3 per silver equivalent ounce[4]\n \n \n § \n Full year attributable production of 477,400 gold equivalent ounces (38.7 million silver equivalent ounces) exceeding full year attributable production guidance of 457,000 gold equivalent ounces (37.0 million silver equivalent ounces) \n \n \n § \n Record production at Inmaculada up 6% to 260,126 gold equivalent ounces (2018: 244,445 ounces)\n \n \n § \n Record production at San Jose up 10% to 15.4 million silver ...