## Hochschild Mining PLC Preliminary Results Summary
**Strong Financial Performance and Strategic Progress:**
* **Record Financials** Hochschild Mining PLC reported record financial performance for 2025, driven by strong execution at Inmaculada and favorable precious metal prices.
* **Revenue Growth** Revenue increased by 25% to $1,182.1 million, with adjusted EBITDA up 39% to $583.7 million.
* **Profitability** Profit before income tax (pre-exceptional) rose 66% to $330.4 million, while profit before income tax (post-exceptional) surged 110% to $372.8 million.
* **Cash Position** Cash and cash equivalents stood at $317.0 million, with net debt significantly reduced to $22.7 million.
* **Dividend Increase** The company recommended a final dividend of 5.00 US cents per share, reflecting its strong balance sheet.
**Operational Highlights**
* **Production** Attributable production reached 311,509 gold equivalent ounces, slightly <mark style="background-color:yellow">below</mark> 2024 due to challenges at Mara Rosa.
* **Inmaculada** This mine delivered strong performance, producing 209,921 gold equivalent ounces.
* **Mara Rosa Turnaround** The turnaround plan at Mara Rosa is progressing well, positioning it for sustainable long-term production.
* **San Jose** Performance at San Jose was in line with expectations, producing 120,639 gold equivalent ounces.
* **Exploration Success** The company added 1.7 million ounces to its resource base, highlighting its commitment to exploration.
**Strategic Progress**
* **Growth Projects** Hochschild advanced its Monte do Carmo project in Brazil and the Royropata silver project in Peru, both of which are key to future growth.
* **Non-Core Asset Monetization** The company successfully listed Tiernan Gold Corp on the TSX Venture Exchange, raising capital for the Volcan gold project while retaining a significant stake.
* **ESG Leadership** Hochschild demonstrated strong ESG performance, achieving improvements in safety, water usage, waste recycling, local workforce engagement, and diversity.
**Outlook**
* **Production Target** The company expects attributable production of 300,000-328,000 gold equivalent ounces in 2026.
* **Cost Control** All-in sustaining costs are forecast to be between $2,157 and $2,320 per gold equivalent ounce.
* **Growth Focus** Hochschild remains focused on completing the Mara Rosa turnaround, advancing its growth projects, and generating strong cash flows in a favorable precious metals market.
**Overall**
Hochschild Mining PLCs 2025 results showcase a company delivering strong financial performance, making strategic progress, and positioning itself for sustainable growth in the precious metals sector. The companys focus on operational efficiency, exploration, and ESG leadership bodes well for its future prospects.