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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Secondary Recommendation

Hochschild Mining - Latin American silver and gold miner targets 50m oz of production

December 2007

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • HOC
  • Price:
  • 456p
FTSE-250 stock Hochschild Mining (FT sector: Mining), a LatinAmerican-based silver and gold miner, is part of that rare but muchsought after breed which offers a combination of solid cash flows and agenuine expectation of rapid growth. The company floated at 350p lastNovember, in a placing which raised a gross £270m for the company buthas quickly soared to 456p, with investors clearly believing that itwill meet its target of more than doubling production to 50m ounces(oz) of silver equivalent by 2011. And as we’ve seen from the recentperformance of old favourite Peter Hambro Mining, 1584p, it doesn’ttake much good news to make the shares spike up in the current frenziedenvironment for precious metals.The company, which has ov ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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