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Mar 31, 2021
Hecla Q1 2021 Earnings Report
Hecla's financial performance was strong, marked by record cash margin and adjusted EBITDA, and the second-highest revenue in the company's 130-year history.
Key Takeaways
Hecla Mining Company reported a strong first quarter in 2021, achieving the second-highest sales in its history, a new record for EBITDA, and significant free cash flow generation. The company increased its silver-linked dividend and anticipates further cash flow increases throughout the year.
Sales of $210.9 million, a 54% increase over the prior year and the second highest in the company's history.
Gross profit of $64.8 million, a substantial increase compared to the prior year.
Net income applicable to common shareholders reached $18.8 million, or $0.04 per share (basic).
Adjusted EBITDA reached a record $86.1 million.
Hecla
Hecla
Forward Guidance
The company updated its guidance for annual production, cost, and expenditures for 2021.