Welcome to our dedicated page for Hecla Mining Company news (Ticker: HL), a resource for investors and traders seeking the latest updates and insights on Hecla Mining Company stock.
Hecla Mining Company (NYSE: HL) is a prominent player in the mining industry, specializing in the discovery, acquisition, development, production, and marketing of mineral resources. The company mainly focuses on the exploration and production of silver, gold, zinc, and other valuable metals. Hecla’s operations are diversified across several key segments, including Greens Creek, Lucky Friday, Keno Hill, Casa Berardi, and Nevada Operations, with the Greens Creek segment generating the maximum revenue.
Hecla Mining has a significant geographical footprint, operating across Canada, the United States, and Mexico, but derives the majority of its revenue from the United States. This diversified geographic presence helps the company mitigate risks and capitalize on various market opportunities.
Hecla's enduring success is largely attributed to its dedicated workforce. The company emphasizes that its people are its greatest resource, whose dedication and group effort drive the company forward.
In terms of financial stability, Hecla has consistently demonstrated its ability to generate profits through its core operations. The company is committed to creating value for its shareholders by efficiently managing its resources and continuously exploring new opportunities for growth.
Hecla Mining Company remains a critical entity in the mining sector due to its robust operational strategy, significant mineral reserves, and a clear commitment to sustainable and profitable resource management.
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.
Hecla Mining Company (NYSE:HL) announces a $0.01 increase in its silver-linked dividend, reflecting confidence in its cash flow and position as the largest silver producer in the U.S. This change applies for every $5 rise in the quarterly average realized silver price above $25 per ounce. As Hecla's recent priced at $25.66 met dividend criteria, shareholders will receive this enhanced payout. The new quarterly and annualized dividend structure is outlined, indicating increased dividends correlated with higher silver prices.
Hecla Mining Company (NYSE:HL) reported strong Q1 2021 financial results, achieving $210.9 million in sales, a 54% increase year-over-year. Gross profit surged to $64.8 million, yielding a net income of $18.8 million or $0.04 per share. Silver production rose by 7% to 3.5 million ounces. The company highlighted a record Adjusted EBITDA of $86.1 million and improved liquidity with $139.8 million in cash. The board increased the silver-linked dividend by 50% at the $25 per ounce threshold. Overall, Hecla expects consistent cash flow growth throughout 2021.
Hecla Mining Company (NYSE:HL) will release its first quarter 2021 financial results before market opening on May 6, 2021. A conference call and webcast to discuss the results will take place at 10:00 a.m. ET on the same day. Participants can join the call by dialing the toll-free number or accessing the live webcast hosted on Hecla's official website. Established in 1891, Hecla is the largest silver producer in the U.S., with operations in various significant mining districts.
Hecla Mining Company (NYSE:HL) CEO Phillips S. Baker, Jr. will present at the World Gold Forum on April 13, 2021, at 12:00 p.m. (ET), with a webcast available online. Additionally, he is scheduled to speak at the H.C. Wainwright Spring Mining Conference on April 20, 2021, at 3:00 p.m. (ET), also with a webcast. Hecla Mining, founded in 1891, is the largest silver producer in the U.S. and operates in Alaska, Idaho, and Quebec, boasting numerous exploration properties across North America.
Hecla Mining Company (NYSE:HL) reported preliminary production results for Q1 2021. Silver production increased by 7% to 3.5 million ounces, driven by Lucky Friday. Gold production fell by 12% to 52,004 ounces due to reduced less profitable production. Increases were noted in zinc and lead output at 25% and 82%, respectively. The cash position exceeded $135 million, marking the fourth consecutive quarter of rising cash balances, attributed to free cash flow generation.
Hecla Mining Company (NYSE:HL) announced a new CEO webcast titled Hecla’s Unique Dividend Policy, scheduled for April 1, 2021. This webcast is part of a series aimed at providing insights into the Company's dividend policies. The videos will be accessible on Hecla's website and various social media platforms. Founded in 1891, Hecla is recognized as the largest silver producer in the United States, with operational mines in Alaska, Idaho, and Quebec, Canada, alongside several exploration properties and projects.
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