Hochschild resume dividend payments
(Kitco News) - Shares in Hochschild Mining (HOC:LSE) are on the rise this morning after the company confirmed it has opted to resume dividend payments, with the directors approving the payment of an interim dividend of four cents a share.
The CEO Ignacio Bustamante stated "We remain in a healthy financial position and with continued strong precious metal prices and our ambitious brownfield programme in full swing, we can look forward to an exciting 2021,". He then added "Hochschild continues to recover well operationally from the Covid-19 related stoppages and with the situation steadily improving in the region, our board considers the resumption of dividends as one of its priorities and confirms our confidence in the outlook for the business,”
Year to date shares in the company are around 27% higher and the 200p mark seems to be the psychological support. On the topside, any break of the previous wave high at 275.8p would get the bull trend back on track.