Hecla Mining Q4 Earnings Meet Estimates, Revenues Rise 55% Y/Y

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$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$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$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].