Welcome to our dedicated page for Hecla Mining news (Ticker: HL), a resource for investors and traders seeking the latest updates and insights on Hecla Mining stock.
Hecla Mining Company reports operating and financial developments for a North American silver producer with mines in Alaska and Idaho, a ramping mine in the Yukon, and exploration and pre-development projects in silver and gold districts. Company updates commonly cover silver and gold production, realized metal prices, cash costs, AISC, free cash flow, and mine-level performance at operations such as Greens Creek, Lucky Friday, and Keno Hill.
Hecla news also includes reserve and resource reporting, exploration programs, dividends on common and Series B cumulative convertible preferred stock, and capital-structure actions. Recent corporate updates document the completed sale of the Casa Berardi business and the redemption of senior notes, reflecting a sharper focus on the company's silver portfolio.
Hecla Mining Company (NYSE:HL) has announced an enhancement of its silver-linked dividend policy, lowering the threshold to a quarterly average realized silver price of $20. The company will increase the dividend by 33% when the silver price reaches $25. This reflects Hecla's robust free cash flow generated from its silver mines, which account for over 40% of U.S. silver production. Since 2010, Hecla has consistently paid dividends, enhancing its policy three times in the last year, showing financial discipline and commitment to shareholder returns.
Hecla Mining Company (NYSE:HL) has announced a new CEO webcast titled Q2 2021 Performance Review, which is part of its ongoing series. This webcast is accessible on the Company's website and highlights insights on its high-grade, low-cost silver mines. Founded in 1891, Hecla is the largest silver producer in the U.S. with operations in Alaska, Idaho, and Quebec, Canada, alongside multiple exploration properties across key silver and gold mining regions in North America.
Hecla Mining Company (NYSE:HL) reported strong second-quarter results for 2021, with sales of $218 million, up 31% year-over-year. Silver production rose to 3.5 million ounces, while gold production slightly decreased to 59,139 ounces. Gross profit increased by $25.2 million to $59.3 million, contributing to a free cash flow of $54.4 million. The company maintained a solid balance sheet with over $400 million in liquidity. Adjusted net income reached $32.8 million, or $0.06 per share. Hecla's silver production significantly contributes to U.S. output, positioning it favorably for future growth.
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Hecla Mining Company (NYSE:HL) reported preliminary silver production of 3.5 million ounces for Q2 2021, a 4% increase attributed to Lucky Friday's full production. Gold output decreased 1% to 59,139 ounces. Zinc and lead production saw a 4% and 29% change, respectively. The quarter-end cash position stood at approximately $181 million, marking the fifth consecutive quarter of cash reserve increases. Despite operational challenges, overall metal production surpassed Q1 2021 figures.
Hecla Mining Company (NYSE:HL) announced the release of its latest CEO webcast titled Hecla’s Remarkable Mines, available on its website from July 1, 2021. This ongoing series aims to provide insights into the Company’s high-grade, low-cost silver mines. Hecla Mining, established in 1891, stands as the largest silver producer in the U.S., with operations across Alaska, Idaho, and Quebec, Canada, alongside various exploration properties in key silver and gold mining districts across North America.
Hecla Mining Company (NYSE: HL) announced significant senior management changes, with Luke Russell retiring on August 2, 2021, after leading environmental and sustainability efforts for eight years. Robert Brown has been promoted to Vice President of Corporate Development and Sustainability, while Kurt Allen has been appointed Vice President of Exploration, bolstering Hecla's exploration capabilities. Michael Clary ascends to Senior Vice President and Chief Administrative Officer, bringing over 27 years of diverse experience within the company. These changes aim to enhance sustainability and exploration prospects.
Hecla Mining Company (NYSE:HL) CEO Phillips S. Baker, Jr. will speak at the John Tumazos Very Independent Research, LLC Conference on June 15, 2021, at 11:00 a.m. ET. The presentation will be available via webcast, and additional materials will be accessible on the Company’s website. Established in 1891, Hecla is the largest silver producer in the U.S., operating mines in Alaska, Idaho, and Quebec, Canada. The Company also holds exploration properties in key silver and gold mining regions across North America.
Hecla Mining Company (NYSE:HL) announced promising Q1 2021 exploration results, revealing significant mineralization at the Midas and San Sebastian properties. High-grade intercepts at Midas included 5.52 oz/ton gold and 8.9 oz/ton silver over 20.3 feet. The amended operational plan allows expanded access for drilling, with exploration expenditures up by $3.4 million to $6.0 million, expected to reach $40 million for 2021. San Sebastian drilling showed promising results as well, confirming a strike length of 1,500 feet at the El Bronco Vein. The company aims to increase drill rigs from two to four by year-end.
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