Rubbish Check
Daily Mail Money · 26 August 2026
source“‘Hochschild Mining sees earnings more than double as gold and silver prices rise’”
R2/ 10
Lightly altered
Rubbish Rating — 1 = base fact, 10 = pure rubbish
12345678910
In short
Rubbish Talk rates Daily Mail Money's claim that Hochschild Mining's "earnings more than doubled" a 2/10 because the 119% jump matches the company's own reported adjusted EBITDA figure, and the article discloses the offsetting production fall and cost-guidance increase in the very next paragraphs rather than burying them.
The Verdict
Lightly altered. The headline number is accurate to the primary source, and the one soft spot, calling adjusted EBITDA "earnings" rather than naming the metric precisely, is a minor terminology imprecision rather than a deliberate flattering spin, especially since the article body immediately surfaces the negatives (lower production, higher costs) that the headline doesn't mention.
What actually happened
Hochschild Mining's interim results for the six months to 30 June 2026 showed adjusted EBITDA up 119% to $491.5 million and revenue up 62% to $844.4 million, driven by sharply higher realised gold and silver prices. Production actually fell year-on-year, and the company raised its full-year cost guidance, both disclosed in the same release.
Key facts
- Adjusted EBITDA: Adjusted EBITDA also saw a substantial jump of 119% to $491.5 million, compared to $224.5 million in H1 2025
- Revenue: Hochschild Mining PLC reported a significant increase in revenue for the six months ended June 30, 2026, reaching $844.4 million, a 62% rise from $520.0 million in the prior year period
- Pre-tax profit: Profit before tax was $365.8 million, up from $109.3 million
- Realised prices: gold up 47% to $4,166/oz, silver up 130% to $77.80/oz, as stated in the article and corroborated by outlets reporting the same figures.
- Production fell: attributable production came in at 151,830 gold equivalent ounces, or 11.7 million silver equivalent ounces, down from 165,176 gold equivalent ounces a year earlier
- Cost guidance raised: All-in sustaining costs from operations rose to $2,448 per gold equivalent ounce, up from $1,873 a year earlier, with the company's full-year AISC forecast lifted accordingly.
- Balance sheet: swung to a net cash position of $51.1 million from a net debt of $20.0 million
What to watch for
- Watch whether the raised AISC guidance ($2,380 to $2,500/oz for the full year) sticks or climbs further if Argentine export taxes and local-currency strength persist.
- Mara Rosa's turnaround progress is the swing factor for H2 production; slippage there would reverse some of this quarter's cost narrative.
- Gold and silver prices are the entire story here; a pullback from current levels would flip the "earnings doubled" framing into a cost-pressure headline fast.
About this scoreThe R-Score is Rubbish Talk's editorial opinion on how far a headline's framing sits from what the underlying facts support. It is a judgement about presentation and emphasis, not an allegation that any outlet has acted dishonestly. Every figure we rely on is linked under Receipts so you can check it yourself.
