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Dividend up, profits down for Hochschild Mining

Gold, silver and rare earths seem a perfect 2020 combination, but that other theme for the year - Covid-19 - knocked the miner’s production and profits
Dividend up, profits down for Hochschild Mining
  • Covid-19 shutdowns hit Hochschild Mining's 2020 earnings
  • Miner announced higher dividend and net cash position, however

Hochschild Mining (HOC) shareholders must have watched with envy as other precious metals miners saw profits soar in 2020. The company has been negatively affected by Covid-19 disruption, but all is not lost. Hochschild has increased its dividend and reached its first net cash position in almost a decade. Shareholders will be paid a final dividend of 2.335ȼ (1.67p), bringing the total for 2020 to 6.335ȼ. 

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