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Jun 30, 2021
Hecla Q2 2021 Earnings Report
Hecla had near record results with cash provided by operations being the second highest in its history and guidance was improved.
Key Takeaways
Hecla Mining Company reported a 31% increase in sales, reaching $218.0 million, driven primarily by silver sales. The company's gross profit increased by $25.2 million, and it generated $54.4 million in quarterly free cash flow. Silver production increased by 4% to 3.5 million ounces, while gold production decreased slightly by 1% to 59,139 ounces.
Sales increased by 31% to $218.0 million.
Gross profit increased by $25.2 million.
Free cash flow for the quarter was $54.4 million.
Silver production increased by 4% to 3.5 million ounces.
Hecla
Hecla
Hecla Revenue by Segment
Revenue by Segment
Greens Creek Revenue
CapyFin.comLucky Friday Revenue
CapyFin.com Forward Guidance
The Company has updated its guidance for annual production, cost and expenditures.
Positive Outlook
- Greens Creek gold production increased from 40 - 43 thousand ounces to 43 - 45 thousand ounces.
- Casa Berardi gold production has been increased from 125 - 128 thousand ounces to 128 - 132 thousand ounces.
- Greens Creek AISC, each per silver ounce has been updated to $3.25-$4.00.
- Casa Berardi cash cost per gold ounce has been updated from $900-$975 to $1,000-$1,125.
- Casa Berardi AISC per gold ounce has been updated from $1,185-$1,275 to $1,200-$1,325.
Revenue & Expenses
Visualization of income flow from segment revenue to net income