Hecla Mining Co Stock Price, News & Analysis

Hecla Mining Company (NYSE:HL) announced the appointment of Alice Wong as a Director, effective February 26, 2021. Wong has over 30 years of experience in the uranium sector and has held senior roles at Cameco Corporation, including Senior Vice-President and Chief Corporate Officer. Her extensive expertise is expected to enhance Hecla's strategic direction. Additionally, the company will host a webcast on March 2, 2021, to review its 2020 performance, providing insights into its operations and the silver market.

Hecla Mining Company (NYSE:HL) reported fourth quarter 2020 sales of $188.9 million and full-year sales of $691.9 million, marking the highest in its history. The company produced 13.5 million ounces of silver (up 7%) but saw a 23% decline in gold production to 208,962 ounces. Adjusted net income for Q4 was $13.0 million or $0.02 per share. Net debt reduced by 17% to approximately $81 million. Exploration expenses rose, reflecting increased activity at various projects, while production guidance for 2021 indicates an increase in silver production from U.S. mines.

Hecla Mining Company (NYSE:HL) will release its fourth quarter and year-end 2020 financial results on February 18, 2021, before market open. A conference call is scheduled for the same day at 9:00 a.m. Eastern Time to discuss these results. Additionally, the company announced a management change, with Lindsay Hall retiring as CFO in March 2021. Russell Lawlar, the current Treasurer, will assume the CFO role. Lawlar has over ten years of experience with Hecla, including significant roles at Greens Creek and in Internal Audit.

Hecla Mining Company (NYSE:HL) reported its preliminary silver and gold production for Q4 and FY 2020, highlighting significant operational achievements. Key points include silver production of 13.5 million ounces (up 7%) and gold production of 208,962 ounces (down 23%). The company increased production of zinc and lead by 7% and 41%, respectively, attributed to its Lucky Friday Mine. Year-end cash position reached $131 million, and net debt was reduced by $75 million (16%). Despite operational challenges, Hecla solidified its position as a leading silver producer in the U.S.

Hecla Mining Company (NYSE:HL) has announced a Cooperation Agreement with the Council of the Abitibiwinni First Nation concerning its Casa Berardi Mine in Quebec. The agreement focuses on enhancing participation through training programs, employment opportunities, and environmental protection. The Casa Berardi Mine employs over 650 workers and underscores Hecla's commitment to respecting Aboriginal culture and environmental stewardship. CEO Phillips S. Baker, Jr. highlighted the mutual goal of protecting the environment while fostering economic opportunities for the First Nation.

Hecla Mining Company (NYSE: HL) announced the acquisition of 807,846 Shares of Dolly Varden Silver Corporation to maintain its pro rata ownership. Prior to this, Hecla held 13,061,883 Shares (10.7% of outstanding shares). Post-acquisition, Hecla's holdings will increase to 13,869,729 Shares (10.67% of total shares) on an undiluted basis. The acquisition was priced at C$0.89 per Share, generating C$718,982.94 for Dolly Varden. Hecla intends to evaluate its investment continuously but has no immediate plans for additional acquisitions.

Hecla Mining Company (NYSE:HL) reported robust third-quarter 2020 results, achieving $199.7 million in sales, marking a 24% increase year-over-year. Silver production surged to 3.5 million ounces, alongside 41,174 ounces of gold. The company generated $73.4 million in operational cash flow and $49.7 million in free cash flow, bolstering liquidity to $348.7 million. Additionally, Hecla increased its dividend by 50% and enhanced its silver-linked dividend. Adjusted EBITDA hit a record $75.7 million, reflecting significant operational efficiency and favorable metal prices.

Hecla Mining Company (NYSE:HL) announced it will release its third quarter 2020 financial results before the market opens on November 9, 2020. A conference call and webcast are scheduled for the same day at 10:00 a.m. Eastern Time to discuss these results. Interested parties can join by dialing 1-833-350-1380 (toll-free) or 1-647-689-6934 (international). Hecla is a prominent silver producer in the U.S. and operates gold mines in Canada and Nevada.

Hecla Mining Company (NYSE:HL) reported strong third-quarter production results, producing 3.5 million ounces of silver and 41,174 ounces of gold, along with lead and zinc outputs of 9,750 tons and 17,997 tons, respectively. The company ended the quarter with approximately $97 million in cash, fully repaying its revolving credit facility. Hecla increased its annual production guidance due to solid performance at its Greens Creek and Lucky Friday mines. The firm expects to ramp up exploration spending to $16 million and anticipates a silver-linked dividend as prices remain favorable.