**Summary of Hochschild Mining PLC Q3 2025 Production Report**
Hochschild Mining PLC released its Q3 2025 production report, highlighting progress toward revised 2025 targets despite challenges. Key points include
1. **Production Performance**
Q3 attributable production: 48367 ounces of gold1.8 million ounces of silverand 70308 gold equivalent ounces (GEO).
9-month totals: 164033 ounces of gold5.6 million ounces of silverand 231905 GEO.
Reiterated 2025 guidance291,000–319,000 GEO with all-in sustaining costs of $1,980–$2,080 per GEO.
2. **Operational Highlights**
Mara Rosa optimization progressing, with tailings filter and mining improvements setting a strong foundation for 2026.
Inmaculada and San Jose mines performed robustly, supported by strong metal prices.
New COO Cassio Diedrich and strengthened local leadership team appointed.
3. **Financial Position**
Total cash$92 million (down from $110 million in Q2 2025).
Net debt increased to $246 million (from $202 million in Q2) due to temporary working capital increases, Monte do Carmo streaming agreement repurchase, interim dividend payment, and Mara Rosa turnaround costs.
Current Net Debt/LTM EBITDA0.5x.
4. **Exploration and Projects**
Brownfield drilling added resources at all operating units.
Ongoing exploration at Monte do Carmo project in Brazil.
5. **ESG Achievements**
Improved safety metrics (LTIFR1.19), reduced freshwater usage, and increased waste recycling (85.9%).
Local workforce representation rose to 65.8%.
Mara Rosa now fully powered by solar energy, and San Jose transitioned to 100% renewable energy.
6. **Outlook**
Cash flow expected to increase in Q4 as Mara Rosa ramps up production.
Strong metal prices and operational improvements position the company for growth.
Hochschild remains on track to meet its 2025 targets, supported by operational optimizations, exploration successes, and a focus on sustainability. A conference call for analysts and investors is scheduled for October 22, 2025.