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 that Loralee Johnstone, Director of Indigenous Affairs and Canadian Community Relations, has been awarded the prestigious King Charles III Coronation Medal. The national honor recognizes individuals who demonstrate exceptional leadership, service, and dedication to their communities.
The medal, administered by the Chancellery of Honors at Rideau Hall in Ottawa, acknowledges Johnstone's commitment to championing responsible and sustainable mining practices in the Yukon. Rob Krcmarov, President and CEO, expressed pride in Johnstone's achievement, highlighting how it reinforces Hecla's commitment to environmental and community stewardship.
Hecla Mining Company (NYSE:HL) reported strong financial results for Q4 and full-year 2024, achieving record revenues of $929.9 million and net income of $35.3 million ($0.06 per share). The company generated record Adjusted EBITDA of $337.9 million and improved its net leverage ratio to 1.6x from 2.7x.
Operationally, Hecla achieved its second-highest silver reserves at 240 million ounces and second-highest silver production at 16.2 million ounces. Lucky Friday mine set multiple records including highest ore tonnage and zinc production in its 80-year history. Keno Hill produced 2.8 million ounces of silver while increasing reserves by 17% to 64.3 million ounces.
For 2025, Hecla's strategic priorities include strengthening the balance sheet, advancing Keno Hill's permitting, optimizing Casa Berardi operations, and implementing standardized enterprise systems. The company has also streamlined its dividend policy by eliminating the silver-linked component to pursue growth opportunities.
Hecla Mining Company (NYSE:HL) reported its exploration results and year-end mineral reserves, achieving the second-highest silver reserves in its 134-year history at 240 million ounces, just 1 million ounces below its 2022 peak. The company successfully replaced most of its silver production from reserves and grew Keno Hill reserves by 17% to 64 million silver ounces.
Key achievements include maintaining gold reserves with production replacement, demonstrating robust economics using conservative pricing ($22/oz silver, $1,900/oz gold), and discovering high-grade zones across multiple properties. Notable exploration success was reported at both Keno Hill and Greens Creek, with exceptional silver grades over mineable widths at the Bermingham Footwall and Main Vein zones.
The company's year-end 2024 position shows Measured and Indicated silver resources at 180 million ounces and Inferred silver resources at 492 million ounces, while gold reserves stand at 2.2 million ounces.
Hecla Mining Company (NYSE:HL) has announced its upcoming fourth quarter and full-year 2024 financial results release, scheduled for February 13, 2025, after market close. The company will host a conference call and webcast to discuss the results on February 14, 2025, at 10:00 a.m. Eastern Time.
The conference call will be accessible via toll-free number for Canadian and U.S. participants at +1 (800) 715-9871, while international participants can dial +1 (646) 307-1963 using the conference ID 4812168. Following the main conference call, Hecla will offer opportunities for one-on-one calls with management team members, with sign-up details to be provided in the earnings news release.
Hecla Mining Company (NYSE:HL) will celebrate its 60-year milestone on the New York Stock Exchange by ringing the NYSE Closing Bell® on November 21, 2024. As the oldest continuously listed precious metals mining company on the NYSE and the largest silver producer in the United States, Hecla marks this occasion highlighting its 133-year legacy of innovation, community engagement, and environmental stewardship.
The ceremony, scheduled for 4:00 p.m. Eastern Time, will be broadcast live on CNBC and NYSE's streaming platforms. CEO Rob Krcmarov emphasized the company's enduring strength and commitment to shareholder value.
Hecla Mining reported Q3 2024 results with revenues of $245.1 million, the second highest in company history. The company produced 3.6 million silver ounces and 32,280 gold ounces. Net income was $1.6 million or $0.00 per share, with adjusted net income of $19.7 million. The company reduced total debt by $50.6 million and achieved a net leverage ratio of 1.8. Cash flow from operations was $55.0 million, with strong free cash flow generation at Greens Creek ($46.9 million) and Lucky Friday ($23.2 million). The company declared a silver-linked quarterly dividend of $0.01 per share.
Hecla Mining Company (NYSE: HL) has appointed Rob Krcmarov as its new President and CEO, effective November 7, 2024. Krcmarov, who will also join the Board of Directors, brings over 35 years of industry experience, including 13 years on Barrick Gold 's executive leadership team. He succeeds Catherine Boggs, who served as Interim President and CEO since May 2024 and will remain as Board Chair. Additionally, Carlos Aguiar has been promoted to Senior Vice President and Chief Operating Officer, advancing from his previous role as Vice President – Operations.
Hecla Mining Company (NYSE:HL) has announced it will release its third quarter 2024 operational and financial results after market close on November 6, 2024. The company will host a conference call and webcast to discuss the results on November 7, 2024 at 10:00 a.m. Eastern Time. Following the main conference call, Hecla will offer opportunities for one-on-one calls with management team members, with sign-up details to be provided in the earnings news release.
Hecla Mining Company (NYSE:HL) has appointed Jill Satre to its Board of Directors, effective October 16, 2024. Ms. Satre, currently the Vice President of Internal Audit & Corporate Compliance at TC Energy, brings extensive expertise in mining and energy sectors, as well as leadership in corporate governance, risk management, and compliance.
Cassie Boggs, Interim CEO of Hecla, expressed enthusiasm about the appointment, highlighting Ms. Satre's deep understanding of financial controls, audit processes, and enterprise risk management as valuable contributions to Hecla's growth strategy. Prior to TC Energy, Ms. Satre spent over two decades at PwC, accumulating significant experience in resource extraction industries. She holds a Chartered Professional Accountant (CPA) designation in Alberta and a Bachelor of Business Administration from the University of Regina.
Hecla Mining Company (NYSE:HL) has announced its participation in two major industry events. Cassie Boggs, Interim President and CEO, will represent the company at both Gold Forum Americas 2024 and MINExpo International.
At Gold Forum Americas in Colorado Springs, Boggs will deliver a presentation on September 16 at 3:30 PM Mountain Time. A live webcast will be available. At MINExpo International in Las Vegas, she will participate in the Producer CEO Panel on September 24 at 1:00 PM Pacific Time at the Las Vegas Convention Center.
Presentation materials for both events will be accessible on Hecla's website under News & Media > Events & Webcasts.