What Hochschild Mining plc does

Hochschild Mining plc is a British-registered, London-listed precious metals producer (LSE:HOC) founded in 1889 and headquartered in London. The company explores, mines, processes, and sells gold and silver, operating three producing underground mines — Inmaculada (Peru), San José (Argentina), and Mara Rosa (Brazil) — with a development pipeline comprising the Monte do Carmo gold project (Brazil), the Royropata silver project (Peru), and the earlier-stage Volcan project. 2025 production reached 311,000 gold equivalent ounces against guidance of 300,000–328,000 ounces for 2026.

The company generates revenue primarily through sale of doré bullion to refiners and commodity traders, with realized prices determined by the London Bullion Market (gold) and London Silver Market (silver). 2025 revenue of approximately $1.2 billion (+25% YoY) translated into EBITDA of roughly $575 million (approximately 48% margin) and net profit of $159.6 million. The business model is capital-intensive and price-taker: revenue scales with commodity prices and ounce production, while margins depend on all-in sustaining costs across the three operating jurisdictions.

Operationally, Hochschild runs through wholly-owned subsidiaries Compañía Minera Ares SAC (Peru) and Minera Santa Cruz S.A. (Argentina), plus Brazilian operations from its Belo Horizonte regional office. Aclara Resources Inc., spun out in 2022 as a rare earths company, remains a minority-held investment that the company has continued to fund (US$41.5M in April 2026). Go-to-market is institutional: investor relations, regulatory news, and industry conferences such as the Bank of America Global Metals Mining Steel Conference.

Name

Hochschild Mining plc

Legal name

Hochschild Mining PLC

Website

https://hochschildmining.com

Company type

Public

Founded year

1889

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Hochschild Mining plc is a London-listed underground precious metals producer (LSE:HOC) operating gold and silver mines in Peru, Argentina, and Brazil, and selling doré bullion to global refiners and commodity markets.

Ownership category

akta.pro rank

Product category

Precious Metals Mining

NAICS

Gold Ore and Silver Ore Mining (21222)

SIC

Gold And Silver Ores (1040)

akta.pro primary industry

Gold Mining (IMAKAEAA)

akta.pro secondary industry

Silver Mining (IMAKAEAB)

Keywords

• Underground gold mining
• Silver mining operations
• Precious metals production
• Mineral exploration projects
• Gold and silver bullion

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Supply Chain, Technology or R&D

Revenue model

1. Gold and Silver Mining and Sales: Hochschild Mining generates revenue through the exploration, mining, processing and sale of gold and silver. The company operates underground mines in Peru and Argentina, producing dore bullion which is refined to high purity metals for sale on commodity markets.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Hochschild Mining plc explores, mines, processes, and sells gold and silver from its underground operations in the Americas. The company currently operates three mines—Inmaculada in Peru, San José in Argentina, and Mara Rosa in Brazil—producing doré bullion that is refined to high-purity metals for sale on global commodity markets. It also advances a pipeline of development and exploration projects, including Monte do Carmo and Royropata, to sustain production growth.

Product overview

Hochschild Mining plc is a leading underground precious metals company focused on the exploration, mining, processing and sale of gold and silver in the Americas. The company's portfolio consists of three operating mines (Inmaculada in Peru, San José in Argentina, and Mara Rosa in Brazil), two advanced development projects (Monte do Carmo gold project in Brazil and Royropata silver project in Peru), and earlier-stage development projects. The company operates with a strategic focus on responsible mining, emphasizing employee wellbeing, environmental management, and community engagement while advancing its growth pipeline through exploration and development of new mineral resources.

Differentiator

Problem solved

Functional benefit

Products and services

• Inmaculada

Quantifiable outcome

• 2025 revenue increased 25% driven by record precious metal prices

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators9 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Fresnillo plc: World's largest primary silver producer and a significant gold producer, with underground mines primarily in Mexico. Closely mirrors Hochschild's underground precious metals model and Americas-focused operations.
• Pan American Silver Corp. Major silver and gold producer with operations across the Americas (Mexico, Peru, Bolivia, Argentina). Directly comparable precious metals portfolio and geographic exposure to Hochschild.
• Hecla Mining Company: Largest U.S.-based silver producer with significant gold by-product output, operating underground mines in the Americas (including Mexico and Alaska). Same precious metals focus and underground mining approach as Hochschild.
• Coeur Mining, Inc. Silver and gold producer with underground and open-pit operations across the Americas (Mexico, U.S., Canada). Directly comparable in precious metals mix and Americas footprint.
• First Majestic Silver Corp. Silver-focused producer with gold by-product credits, operating underground mines primarily in Mexico. Closely aligned with Hochschild's underground precious metals strategy in the Americas.
• SSR Mining Inc. Precious metals producer focused on gold and silver with operating assets in the Americas (U.S., Turkey, Argentina). Comparable precious metals thesis with Americas exposure.

Broad incumbents

• Newmont Corporation: World's largest gold mining company with a diversified global portfolio including significant Americas operations. Broad incumbent in the same metals (gold) category as Hochschild, but at far larger scale.
• Agnico Eagle Mines Limited: Senior global gold producer with substantial operations in Canada, Mexico, and Australia. Operates in the same precious metals space with comparable Americas exposure, albeit at a much larger scale.

Emerging players

• B2Gold Corp. Mid-tier gold producer with operations in Africa, the Philippines, and the Americas (Mali, Namibia, and Colombia/Brazil via development). Comparable gold-focused profile with Americas growth pipeline.
• Alamos Gold Inc. Intermediate gold producer focused on the Americas, with mines in Mexico and Canada and a development project in Turkey. Comparable Americas-centric gold exposure to Hochschild's operations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/HochschildPLC
• LinkedInlinkedin.com/company/hochschild-mining

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hochschild Mining plc