Workflow
Hecla Mining pany(HL)
icon
Search documents
Hecla Mining pany(HL) - 2022 Q3 - Earnings Call Transcript
2022-11-09 19:39
Financial Data and Key Metrics Changes - Third quarter revenues were $146 million, a decrease of approximately $45 million from the prior quarter, primarily due to deferred silver shipments [29] - Free cash flow for the quarter was negative $62 million, impacted by revenue reductions and capital expenditures [31] - Year-to-date free cash flow generation from operations was approximately $98 million [32] Business Line Data and Key Metrics Changes - Greens Creek produced 2.5 million ounces of silver in Q3, a 2.5% increase from the previous quarter, with cash costs rising to $2.65 per ounce [13][15] - Lucky Friday silver production exceeded 1 million ounces for the last two consecutive quarters, with cash costs for the quarter at $5.23 per ounce [16][18] - Casa Berardi produced just over 33,000 ounces of gold, with all-in sustaining costs increasing to $1,738 per ounce due to higher capital expenditures [21][22] Market Data and Key Metrics Changes - The company noted that inflationary pressures continued, with key input prices remaining elevated around 15% higher than at the beginning of the year [34] - The silver market saw increased demand from India, with imports reaching 200 million ounces in the first eight months of 2022, representing 20% of global demand [40][44] Company Strategy and Development Direction - The company aims to increase silver production to 17 million to 20 million ounces by 2024, positioning itself as the largest silver producer in the U.S. and Canada [10] - The acquisition of Alexco is expected to enhance development rates, with a focus on Keno Hill, which is anticipated to start production in 2023 [24][25] - The company is committed to maintaining a strong balance sheet while investing in capital programs across its mines [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in executing mining and development plans despite tight labor markets and inflationary pressures [35] - The company is focused on optimizing operations and maintaining cost guidance, even amid rising input costs [34][37] - Management highlighted the importance of recruiting skilled labor as a significant challenge for the industry [129] Other Important Information - The company reaffirmed its production and cost guidance while lowering capital guidance slightly for Casa Berardi [23] - The all injury frequency rate for the first nine months of the year was 1.32, 37% lower than the U.S. average [39] Q&A Session Summary Question: Any surprises since taking over Keno Hill? - Management noted no significant surprises, with positive reception from the workforce being a highlight [48][49] Question: Should we expect more or less CapEx deferral into 2023? - CapEx is expected to be deferred into 2023, with some projects being delayed for operational reasons [52][54] Question: Can you break out lead and zinc guidance for predictability? - Management acknowledged the request but noted it has not been asked in 20 years and will consider it [58] Question: Are inflationary pressures subsiding? - Management indicated that inflationary pressures are not subsiding yet, but they are focused on managing costs [68][71] Question: What are the current challenges for Hecla Mining? - The primary challenge is recruiting skilled labor, as the number of mining engineers graduating has significantly decreased [129]
Hecla Mining (HL) Presents at the John Tumazos Very Independent Research Virtual Conference - Slideshow
2022-08-13 15:26
NYSE: HL HECLA MINING COMPANY | --- | --- | --- | --- | --- | |------------------------|-------|-------|-------|-------| | | | | | | | United States' Largest | | | | | | Silver Producer | | | | | | | PREE | | | | | Tumazos Conference | | | | | | August 9, 2022 | | | | | RESPONSIBLE. SAFE. INNOVATIVE. CAUTIONARY STATEMENTS Cautionary Statement Regarding Forward Looking Statements This presentation contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amende ...
Hecla Mining pany(HL) - 2022 Q2 - Earnings Call Presentation
2022-08-10 18:26
NYSE: HL | --- | --- | |--------------------------|-------| | | | | SECOND QUARTER 2022 | | | | | | | | | | | | | | | | | | Earnings Conference Call | | | August 4, 2022 | | | | | | | | RESPONSIBLE. SAFE. INNOVATIVE. CAUTIONARY STATEMENTS Cautionary Statement Regarding Forward Looking Statements This presentation contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are inte ...
Hecla Mining pany(HL) - 2022 Q2 - Quarterly Report
2022-08-05 00:12
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number 1-8491 HECLA MINING COMPANY (Exact name of registrant as specified in its Charter) Delaware 77-0664171 State or Other Jurisdiction of I.R.S. Employer Incorporation or Organization Identification No. 6500 Mineral Drive, Suite 200 Coeur d'Alene, Idaho 83815-940 ...
Hecla Mining pany(HL) - 2022 Q2 - Earnings Call Transcript
2022-08-04 16:51
Hecla Mining Company (NYSE:HL) Q2 2022 Earnings Conference Call August 4, 2022 10:00 AM ET Company Participants Anvita Patil - VP, IR and Treasurer Phillips Baker - President and CEO Russell Lawlar - SVP and CFO Lauren Roberts - SVP and COO Conference Call Participants Lucas Pipes - B Riley Securities Michael Siperco - RBC Capital Markets Trevor Turnbull - Scotiabank Joseph Reagor - ROTH Capital Partners Heiko Ihle - H.C. Wainwright & Co. Operator Good morning, my name is David, and I'll be your conference ...
Hecla Mining pany(HL) - 2022 Q1 - Earnings Call Transcript
2022-05-13 21:28
Alexco Resource Corp. (AXU) Q1 2022 Earnings Conference Call May 13, 2022 1:00 PM ET Company Participants Paul Jones - SVP, Corporate Development Clynton Nauman - Chairman & CEO Brad Thrall - President Conference Call Participants Joseph Reagor - ROTH Capital Partners Lawrence Scharf - Raymond James Operator Thank you for standing by. This is your conference operator. Welcome to the Alexco Resource Corp. First Quarter 2022 Results Conference Call. As a reminder, all participants are in listen-only mode and ...
Hecla Mining pany(HL) - 2022 Q1 - Earnings Call Presentation
2022-05-11 13:44
First Quarter 2022 Earnings Presentation May 10, 2022 Stephen Chazen – Chairman, President & CEO Christopher Stavros – Executive Vice President & CFO Brian Corales – Vice President, Investor Relations Disclaimer FORWARD LOOKING STATEMENTS The information in this presentation and the oral statements made in connection therewith include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act ...
Hecla Mining pany(HL) - 2022 Q1 - Quarterly Report
2022-05-10 14:58
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-8491 HECLA MINING COMPANY (Exact name of registrant as specified in its Charter) Delaware 77-0664171 State or Other Jurisdi ...
Hecla Mining pany(HL) - 2021 Q4 - Earnings Call Transcript
2022-03-21 18:46
Alexco Resource Corp. (AXU) Q4 2021 Earnings Conference Call March 21, 2022 11:00 AM ET Company Participants Paul Jones - Senior Vice President, Corporate Development Clynton Nauman - Chairman and Chief Executive Officer Brad Thrall - President Mike Clark - Chief Financial Officer Conference Call Participants Jake Sekelsky - Alliance Global Partners Joseph Reagor - ROTH Capital Partners Nicolas Dion - Cormark Securities Operator Thank you for standing by. This is your conference operator. Welcome to the Ale ...
Hecla Mining pany(HL) - 2021 Q4 - Earnings Call Presentation
2022-02-25 14:03
NYSE: HL | --- | --- | --- | |--------------------------|-------|-------| | | | | | FOURTH QUARTER and | | | | FULL-YEAR 2021 | | | | | | | | | | | | Earnings Conference Call | | | | February 22, 2022 | | | | | | | RESPONSIBLE. SAFE. INNOVATIVE. CAUTIONARY STATEMENTS Cautionary Statement Regarding Forward Looking Statements This presentation contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 193 ...