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Hecla Q1 2025 Earnings Report
Reported record revenues and Adjusted EBITDA, Keno Hill delivered its first profitable quarter, and Lucky Friday set a new milling record for the first quarter of 2025
Key Takeaways
Hecla Mining Company achieved record sales of $261.3 million and record Adjusted EBITDA of $90.8 million in Q1 2025. Keno Hill reached profitability, and Lucky Friday set a new milling record. The company's financial position improved with a lower net leverage ratio.
Record sales of $261.3 million, a 5% increase from the prior quarter.
Record Adjusted EBITDA of $90.8 million, contributing to an improved net leverage ratio of 1.5x.
Keno Hill reported its first profitable quarter under Hecla ownership with $1.0 million in gross profit.
Lucky Friday set a new quarterly milling record of 108,745 tons.
Revenue by Segment
Forward Guidance
Hecla's 2025 guidance includes maintaining consolidated silver production between 15.5-17.0 million ounces and consolidated gold production between 120-130 koz. Total silver cash cost guidance remains at $3.00-$3.25/oz, while AISC is unchanged at $15.75-$17.00/oz. Total capital investment is expected to be $222-$242 million, with exploration and pre-development at $28 million.
Positive Outlook
- Consolidated silver production guidance maintained at 15.5-17.0 million ounces.
- Consolidated gold production guidance maintained at 120-130 koz.
- Total silver cash cost guidance unchanged at $3.00-$3.25/oz.
- Total silver AISC guidance unchanged at $15.75-$17.00/oz.
- Greens Creek cost outlook lowered due to higher by-product credits.
Challenges Ahead
- Lucky Friday cost of sales guidance revised up to $165 million.
- Lucky Friday cash cost per silver ounce guidance revised up to $7.00-$7.50.
- Lucky Friday AISC per silver ounce guidance revised up to $20.00-$21.50.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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