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Hecla Mining Co HL.PR.B


Primary Symbol: HL

Hecla Mining Company discovers, acquires and develops mines and other mineral interests and produces and market concentrates containing silver, gold and other metals, carbon material containing silver and gold, and unrefined dore containing silver and gold. Its segments include Greens Creek, Lucky Friday, Keno Hill, Casa Berardi and Nevada Operations. The Company produces zinc, silver and precious metals flotation concentrates at Greens Creek and silver and zinc flotation concentrates at Lucky Friday. At Greens Creek, it also produces gravity concentrate containing payable silver, gold and lead. It also produces unrefined gold and silver bullion bars (dore) and loaded carbon and precipitates at Casa Berardi, which are shipped to refiners before sale of the metals to precious metal traders. Keno Hill is located in the Keno Hill Silver District in Canada's Yukon Territory. Nevada Operations consists of four land packages in northern Nevada totaling approximately 110 square miles.


NYSE:HL - Post by User

Post by mattbighamon Oct 09, 2024 5:32pm
117 Views
Post# 36260059

HL Q2:Record Revenues and Silver Production

HL Q2:Record Revenues and Silver Production
  • Revenue: Record revenues achieved in the second quarter.

  • Silver Production: Second highest silver production in Hecla's 133-year history.

  • Free Cash Flow: $28.3 million for the quarter, driven by $61 million from operations and $18 million in insurance proceeds.

  • Net Debt Reduction: Reduced by $25 million in the second quarter.

  • Net Leverage Ratio: Improved to 2.3 times, with a target of less than 2 times by year-end.

  • Adjusted EBITDA: Increased by 25% over the first quarter.

  • Greens Creek Free Cash Flow: $34 million in the second quarter, $72 million in the first half of the year.

  • Lucky Friday Free Cash Flow: $33.7 million in the second quarter, including $17.8 million in insurance proceeds.

  • Casa Berardi Gold Production: 23,000 ounces in the second quarter.

  • Keno Hill Silver Production: 0.9 million ounces in the second quarter, surpassing 400 tons per day throughput.

  • Dividend: Increased by a penny per share due to higher realized silver prices.
     

    Positive Points

  • Hecla Mining Co (NYSE:HL) reported record revenues and the second highest silver production in its 133-year history.

  • The company generated strong free cash flow, particularly from its Greens Creek and Lucky Friday mines.

  • Hecla Mining Co (NYSE:HL) is committed to deleveraging its balance sheet, having reduced net debt by $25 million in the second quarter.

  • The company is investing in its operations, particularly at Keno Hill, which has shown remarkable success and potential for long-term value.

  • Hecla Mining Co (NYSE:HL) has a unique silver-linked dividend policy, which provides additional exposure and leverage to silver prices.

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