According to the the UK Investor, Hochschild Mining shares jumped 7% based on their strong annual results. Hochschild Mining said that revenue spiked 7% to $755.7 million, compared to $704.3 million in 2018. The growth will certainly please shareholders at a time where the mining industry has seen mixed results.The firm attributed their strong production figures to record numbers at the Inmaculada mine in Peru and San Jose mine in Argentina.
The question that needs to be asked, "why isn't any mining results showing up on Hochschild's financial reports or on their website, from the Los Dos Marias Project ? Maurizio doesn't seem to be inclined to keep his word and keep shareholders informed in a timely manner (as promised) as to the mining progress on the claims, he purchased with Auryn shares, which to this day no one knows what they were worth
Phase 1 work on Las Dos Marias project was to begin on September 23, 2018. This phase includes re-logging and assaying existing drill cores and systematic sampling at surface and inside both tunnels. Phase 1 was to conclude on Friday, October 12, 2018. Phase 2 was to begin on Monday, October 22, 2018. Expectations were that Phase 3 to be completed prior to the end of 2018.
Shareholders are waiting for a comprehensive release on the "aggressive work plan". If Maurizio thinks shareholders are just going to walk away from their investment, he is deceived. I know of shareholders who have large positions in this investment, and are now considering what options that they may have.
