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Jun 30, 2022
Hecla Q2 2022 Earnings Report
Second quarter results were announced with silver and gold production increase and positive free cash flow from all three operations.
Key Takeaways
Hecla Mining Company reported a mixed second quarter of 2022. While silver and gold production increased, the company experienced a net loss applicable to common shareholders of $13.7 million, or $0.03 per share. However, adjusted net income was $20.1 million, or $0.04 per share. Sales reached $191.2 million, a 3% increase over the prior quarter.
Silver and gold production of 3.6 million and 45,719 ounces respectively, a 10% increase over the first quarter 2022
Sales of $191.2 million, a 3% increase over the prior quarter despite lower gold and silver prices
Cash provided by operating activities of $40.2 million and $5.9 million in free cash flow with continued positive free cash flow generation from all three operations
Adjusted EBITDA of $70.5 million, net debt/adjusted EBITDA (last 12 months) of 1.4x
Revenue by Segment
Forward Guidance
The Company has updated its guidance for annual cost and capital guidance. There is no change to the production guidance. The Company is also providing guidance for capital expenditures planned by the three operations.
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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