Hecla Mining Co Stock Price, News & Analysis

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.

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.