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Hochschild boosted by soaring gold

First half flat with some high points, but cash flow run to come in H2
Hochschild boosted by soaring gold

Despite gold hitting highs not seen for years – $1,500 an ounce most recently – and silver finally getting above $17 (£14.10) per oz, Peru-focused miner Hochschild Mining (HOC) saw a drop in sales prices year on year in the first half of 2019. Adjusted cash profits fell 5 per cent on a year ago, to $154m, although this was 7 per cent above company-compiled consensus estimates. 

IC TIP: Buy at 215p

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