Hochschild Mining (HOC)

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Share Price:
595.00p
Market Cap:
£3,061.03m
Change Today:
41.00p
Sector:
Mining

Hochschild backs Tiernan's reverse takeover of Railtown, CAD $35m raise planned

By Iain Gilbert

Date: Tuesday 07 Oct 2025

LONDON (ShareCast) - (Sharecast News) - Silver and gold mining business Hochschild Mining said on Tuesday that its Tiernan Gold subsidiary had entered into a definitive agreement to complete a reverse takeover of Railtown Capital, with the combined entity to be renamed Tiernan Gold Corp on completion.
Hochschild said the deal, dated 6 October, will see Tiernan acquire Railtown under a business combination agreement, paving the way for a public listing on Toronto's TSX Venture Exchange.

As part of the transaction, Tiernan has launched a brokered private placement targeting CAD $35m (£18.66m), led by Canaccord Genuity and BMO Capital Markets, with support from Raymond James and Haywood Securities. Proceeds will be used to advance the Volcan gold project.

Hochschild also plans to sell part of its stake in Tiernan via a secondary offering, boosting liquidity in the newly listed shares.

As of 0850 BST, Hochschild shares were down 0.98% at 380.83p.



Reporting by Iain Gilbert at Sharecast.com

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

HOC Market Data

Currency UK Pounds
Price 595.00p
Change Today 41.00p
52 Week High 795.00p
52 Week Low 272.60p
Volume 2,029,794
Shares Issued 514.46m
Market Cap £3,061.03m

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