Hecla Mining Co

HL

Equity

ISIN US4227041062 / Valor 938298

New York Stock Exchange, Inc (2024-12-23)

USD 5.06+0.40%

Hecla Mining Co
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About company

Hecla Mining Company, founded in 1891 and listed on the NYSE under the ticker symbol HL, is the largest silver producer in the United States. The company operates mines in Alaska, Idaho, Quebec, and the Yukon Territory in Canada, with additional exploration properties in prominent silver and gold mining districts across North America. Casa Berardi, one of Hecla's operations, is located in Quebec, known for its political stability, mining-friendly environment, favorable geology, and strong infrastructure.

Summarized from source with an LLMView SourceSector: Non-Energy Materials

Revenue Growth

Hecla Mining Co's revenue for the first quarter of 2021 saw a significant increase, reaching $210.9 million. This marks a notable improvement compared to the same period in the previous year, driven by higher metal prices and increased production volumes.

Net Income

Hecla Mining Co reported a net income of $19.1 million for Q1 2021, a substantial turnaround from the net loss of $17.2 million reported in Q1 2020. This positive shift is attributed to higher revenues and improved operational efficiencies.

Adjusted EBITDA

For the first quarter of 2021, Hecla Mining Co achieved an adjusted EBITDA of $86.1 million. This represents a significant increase from the $37.3 million reported in the same quarter of the previous year, reflecting strong operational performance and cost management.

Silver Production

Hecla Mining Co's silver production for Q1 2021 was 3.5 million ounces, an increase of 7% compared to Q1 2020. The rise in production was primarily due to higher output from the Greens Creek and Lucky Friday mines.

Dividend Announcement

Hecla Mining Co announced an increase in its silver-linked dividend by 50%, raising it to $0.01 per share at the $25 silver price threshold. This decision reflects the company's strong financial performance and commitment to returning value to shareholders.

Summarized from source with an LLMView Source

Key figures

1.61%1Y

-3.98%3Y

55.2%5Y

Performance

54.6%1Y

55.5%3Y

66.3%5Y

Volatility