Hochschild Mining Aktie News

Hochschild Mining PLC (LSE:HOC) and Fresnillo PLC (LSE:FRES) led London's mining sector lower on Thursday as falling gold and silver prices hit precious metals producers. Hochschild fell 1.8%, Endeavour Mining PLC (LSE:EDV) lost 1.8%, Pan African Resources PLC (LSE:PAF) shed 1.5% and Fresnillo dropped 1.3% in early trading.

Newmont stock and several other miners could stand to benefit if gold rebounds with the end of the U.S.-Iran conflict.

Crowded positioning, a pause in central-bank buying, an increase in the dollar and a rise in real interest rates all contributed to the 26% peak-to-trough decline in the gold prices.

Gold mining shares came under pressure on Monday after bullion prices fell below $4,300 an ounce for the first time this year, extending a sharp month-long sell-off in the precious metal. Among London-listed miners, Hochschild Mining PLC (LSE:HOC, OTCQX:HCHDF, FRA:H3M) fell 2.6%, Atalaya Mining Copper (LSE:ATYM, TSX:AYM) lost 2.25%, Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF, FRA:6E2) ...