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Hecla Mining Company (HL) Q1 2025 Earnings Call May 02, 2025 10:00 AM ET Speaker0 Thank you for standing My name is Bailey, and I will be your conference operator today. At this time, I would like to welcome everyone to the Q1 twenty twenty five Hecla Mining Company Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session. I would now like to turn the call over to Mike Parkin, Vice President, Strate ...

Hecla Mining Company (HL) Q1 2025 Earnings Call May 02, 2025 10:00 AM ET Company Participants Mike Parkin - VP - Strategy & IRRob Krcmarov - President and Chief Executive OfficerRussell Lawlar - SVP, CFOCarlos Aguiar - Senior VP & COOHeiko Ihle - MD & Equity ResearchDalton Baretto - Managing Director, Equity ResearchMichael Siperco - DirectorKurt Allen - Vice President of ExplorationAndrew Dusome - Equity Research Associate, Metals & MiningHenry Hearle - Equity Research AssociateJoseph Reagor - Managing Dir ...

Hecla Mining (HL) came out with quarterly earnings of $0.04 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to earnings of $0.01 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 33.33%. A quarter ago, it was expected that this precious metals company would post earnings of $0.04 per share when it actually produced earnings of $0.04, delivering no surprise.Over the last four quarters, the compan ...

Financial Performance - Hecla Mining Company reported sales of $261,339,000 for the three months ended March 31, 2025, a 38% increase from $189,528,000 in the same period of 2024[10]. - Gross profit for the quarter was $74,004,000, compared to $19,160,000 in the prior year, reflecting a significant improvement in profitability[10]. - Net income applicable to common stockholders was $28,734,000, a turnaround from a net loss of $5,891,000 in the same quarter of 2024[10]. - The company reported a comprehensive income of $31,306,000 for the quarter, compared to a comprehensive loss of $11,156,000 in the same period last year[10]. - For the three months ended March 31, 2025, total metal sales reached $254.251 million, a significant increase from $185.081 million in the same period of 2024, representing a growth of approximately 37.4%[28]. - The company reported a net income of $28.872 million for Q1 2025, compared to a net loss of $5.753 million in Q1 2024, indicating a turnaround in financial performance[17]. - Total consolidated sales for Q1 2025 were $261.339 million, compared to $189.528 million in Q1 2024, representing an increase of about 37.9%[28]. - The company’s operating income for Q1 2025 was $52.355 million, a significant increase from an operating income of $5.064 million in Q1 2024, highlighting improved operational efficiency[23][24]. - Basic earnings per common share improved to $0.05 for the three months ended March 31, 2025, compared to a loss of $0.01 per share in the prior year[38]. Cash Flow and Liquidity - The company generated $35,738,000 in net cash from operating activities, up from $17,080,000 in the previous year[12]. - Cash and cash equivalents decreased to $23,668,000 from $80,169,000 year-over-year, indicating a tighter liquidity position[12]. - The company declared a quarterly dividend of $0.00375 per common share during the three months ended March 31, 2025[43]. - The company had net borrowings of $20.0 million on its revolving credit facility, resulting in $43.0 million outstanding at an interest rate of 6.7% as of March 31, 2025[175]. - As of March 31, 2025, the company had $23.7 million in cash and cash equivalents, with $43.0 million drawn on its $225 million credit facility[162]. Capital Expenditures and Investments - Hecla Mining Company incurred $54,095,000 in capital expenditures for property, plant, and mine development during the quarter[12]. - Capital additions for the three months ended March 31, 2025, totaled $54.095 million, compared to $47.589 million in the same period of 2024, indicating ongoing investment in operations[23][24]. - The company estimates exploration and pre-development expenditures will total approximately $28.0 million in 2025, with $4.5 million already incurred as of March 31, 2025[168]. - Capital expenditures for 2025 are estimated to be between $222 million and $242 million, with $54.1 million already incurred as of March 31, 2025[168]. Debt and Obligations - Long-term debt as of March 31, 2025, was $515,412 thousand, compared to $495,184 thousand as of December 31, 2024, reflecting an increase of approximately 4.1%[45]. - The total debt as of March 31, 2025, was $549,024 thousand, an increase from $528,801 thousand as of December 31, 2024[46]. - Total contractual cash obligations amount to $730.7 million as of March 31, 2025, with significant obligations due in the next 1-3 years[176]. - The company anticipates incurring future expenditures related to mine closure and environmental obligations totaling $126.1 million over the next 30 years[177]. Production and Sales - Hecla Mining Company produced 4.1 million ounces of silver, with increased production at Lucky Friday and Keno Hill offsetting decreases at Greens Creek[100]. - Silver sales for Q1 2025 amounted to $118.153 million, up from $86.233 million in Q1 2024, marking a year-over-year increase of approximately 37%[28]. - Sales for the Greens Creek segment rose to $118.1 million in Q1 2025, up from $97.3 million in Q1 2024[112]. - Keno Hill recorded sales of $16.9 million for the three months ended March 31, 2025, compared to $10.8 million in the same period of 2024, representing a 56.5% increase attributed to higher realized sales prices and volumes[130]. - Casa Berardi's sales increased to $56.0 million in Q1 2025 from $41.6 million in Q1 2024, with a gross profit of $5.3 million compared to a gross loss of $16.7 million in the prior year[138][140]. Cost Structure and Efficiency - The cost of sales and other direct production costs for Q1 2025 was $187.335 million, compared to $170.368 million in Q1 2024, reflecting increased operational costs associated with higher sales[23][24]. - Cash Cost per ounce of silver was reported at $1.29, while All-In Sustaining Cost (AISC) was $11.91 for the three months ended March 31, 2025[104]. - Cash Cost, After By-product Credits, per Silver Ounce decreased to $(4.08) in Q1 2025 from $3.45 in Q1 2024, primarily due to increased by-product credits[117]. - AISC, After By-product Credits, per Silver Ounce improved to $(0.03) in Q1 2025 compared to $7.16 in Q1 2024, benefiting from lower sustaining capital expenditures[117]. - By-product credits for the total silver properties amount to $86.164 million, significantly impacting the overall cost structure[157]. Market and Economic Factors - The company’s financial results are influenced by fluctuations in market prices for silver, gold, zinc, lead, and copper, with potential impacts from tariffs and trade restraints[96]. - The company faces potential adverse impacts from tariffs, particularly a 10% baseline tariff and 125% tariffs on products sold to China, which could materially affect its financial condition and results of operations[200]. - The company has significant sales of products shipped to Asia, indicating reliance on maritime transport operators[201]. Internal Controls and Compliance - The company evaluated the effectiveness of its disclosure controls and procedures as of March 31, 2025, concluding they were effective[194]. - The company’s internal control systems are designed to provide reasonable assurance regarding financial statement preparation, despite inherent limitations[195]. - No changes in internal control over financial reporting materially affected the company during the three months ended March 31, 2025[194].

Hecla Reports First Quarter 2025 Results Record revenues and Adjusted EBITDA, Keno Hill delivers first profitable quarter, and Lucky Friday sets new milling record COEUR D'ALENE, IDAHO - May 1, 2025 - Hecla Mining Company (NYSE:HL) ("Hecla", "we", "our" or the "Company") today announced first quarter 2025 financial and operating results. FIRST QUARTER HIGHLIGHTS _____________________________________________________________________________________________________________ Financial Achievements: Operational P ...

Hecla Mining (HL) shares ended the last trading session 12.1% higher at $5.28. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 13.3% loss over the past four weeks.Hecla Mining shares have gained reflecting the spike in gold and silver prices amid rising U.S-China trade tensions.This precious metals company is expected to post quarterly earnings of $0.04 per share in its upcoming report, which represents a year-over ...

Core Viewpoint - Hecla Mining Company reported improved financial performance in Q4 2024, with adjusted earnings per share of 4 cents, aligning with estimates, and a significant increase in revenues driven by higher gold and silver prices [1][2][3]. Financial Performance - Adjusted earnings per share for 2024 were 11 cents, surpassing the Zacks Consensus Estimate of 8 cents, compared to an adjusted loss of 1 cent in 2023 [6]. - Total revenues for 2024 reached a record $930 million, reflecting a year-over-year growth of 29.1%, exceeding the Zacks Consensus Estimate of $919 million [6]. - In Q4 2024, revenues increased by 55.4% year over year to $250 million, beating the Zacks Consensus Estimate of $229 million [3]. Production and Sales - Silver production in Q4 2024 was 3.87 million ounces, up 6.3% sequentially and 32% year over year [5]. - Gold production for Q4 2024 was 35,727 ounces, a 10.7% increase from the previous quarter but down 3.9% from the prior-year quarter [5]. - The realized gold price rose 10.7% year over year to $2,656 per ounce, while the realized silver price increased by 28.6% to $30.19 per ounce [3]. Cost and Profitability - Total cost of sales in Q4 2024 increased by 17.9% year over year to $181 million, while gross profit improved significantly to $68.3 million from $7 million in the prior-year quarter [4]. - The gross margin for Q4 2024 was 27.4%, compared to 4.3% in the prior-year quarter [4]. - Adjusted EBITDA for Q4 2024 was $86.6 million, up from $33 million in Q4 2023 [4]. Cash Flow and Financial Position - The company ended 2024 with $26.8 million in cash and cash equivalents, a decrease from $106 million at the end of 2023 [7]. - Cash flow from operating activities was $218.3 million in 2024, compared to an inflow of $75 million in the prior year [7]. Future Guidance - Hecla Mining expects consolidated silver production of 15.5-17.0 million ounces and gold production of 120-130 thousand ounces in 2025 [8]. Stock Performance - Hecla Mining's shares have increased by 51.7% over the past year, while the industry has grown by 76.5% [10].

Hecla Mining Company (NYSE:HL) Q4 2024 Earnings Conference Call February 14, 2024 10:00 AM ET Company Participants Anvita Patil - VP, IR and Treasurer Rob Krcmarov - President and CEO Russell Lawlar - SVP and CFO Carlos Aguiar - SVP and COO Kurt Allen - VP, Exploration Matt Blattman - VP, Technical Services Conference Call Participants Nick Giles - B. Riley Securities Joseph Reagor - ROTH Capital Partners Kevin O'Halloran - BMO Capital Markets Heiko Ihle - H.C. Wainwright John Tumazos - John Tumazos Indepen ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...