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It has been an excellent year for shareholders in FTSE 250 firm Hochschild Mining (LSE: HOC). The Hochschild Mining share price has soared 106% so far this year.
Over five years, the gain has been a more modest 39%. Still, I regard that as a solid performance. The FTSE 250 is actually down 4% over that time period, so Hochschild is well ahead of its peers.
After such a strong performance in 2024, is Hochschild a share I think investors should consider as we head towards the end of one year and start of another?
Favourable conditions have helped lift the share price
The company has been helped this year by the gold price going gangbusters.
That helps explain why in the first half, attributable production volumes grew 11% year on year but revenues jumped 25% and the company recorded pre-exceptional profit before income tax of $69m, whereas in the equivalent last year that…
