FTSE 100 Miners Lead the Market as Gold Holds Near $4,800

Hochschild Mining revealed a near 40 per cent rise in the average price of the gold it produces this morning, burnishing the appeal of a sector with a long history in the City. The news propelled shares in the £3bn, 100-year-old firm onto the leaderboard of the FTSE 250. Hochschild's stock strode over 2% higher to 672p, the fourth-biggest rise of the day. In a trading update for the first quarter, it reported an “average realisable price” for gold of $4,471/ounce for gold. At its annual results in March, the equivalent figure…