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) 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.