The mid-point of the week looks set to be a quiet one for corporate news, with FTSE 250 group Hochschild Mining PLC (LON:HOC) the only key results event in the diary. There will, however, be some UK inflation data to keep investors occupied.
In the US, the Federal Reserve will also publish minutes from its recent meetings and there will be some attention on politics with the Democratic convention being held, where Barack Obama’s former vice president, Joe Biden will formally accept his party’s nomination for President, there will also be housing starts, building permits and existing home sales, plus the weekly initial jobless claims on Thursday.
Hochschild unearths half year figures
In its production update for the six months to June 30, 2020, the metals group reported that it had mined around 93.6 kilo ounces (koz) of gold in the period, down from 162.2 koz in 2019, while silver production dropped to 5,018 koz from 10,237 koz.
The group also reported steep declines in production during its second quarter at the height of the pandemic, with gold production falling to 25.17 koz from 68.42 koz year-on-year while silver output dropped to 1,482 koz from 3,536 koz.
Hochschild said a number of its operations are currently halted due to the coronavirus panndemic, so any updates on reopening plans are likely to be watched closely, as well as any new information of output from the group’s Inmaculada gold and silver mine in Peru which reopened in late July.
Significant announcements expected for Wednesday August 19:
Interims: Hochschild Mining PLC (LON:HOC)
Economic data: UK inflation, UK PPI, US Fed minutes