Hecla Q3 2020 Earnings Report
Key Takeaways
Hecla Mining Company announced strong Q3 2020 results due to strong operating performance and higher prices, including record adjusted EBITDA and the most free cash flow in a decade. The company also repaid its revolver in full and ramped up Lucky Friday ahead of schedule.
Sales of $199.7 million, 24% more than the prior year quarter
Silver production of 3.5 million ounces and gold production of 41,174 ounces
Lucky Friday ramp-up ahead of schedule
Generated $73.4 million of cash provided by operating activities and $49.7 million of free cash flow
Hecla
Hecla
Hecla Revenue by Segment
Forward Guidance
Hecla is well positioned to further strengthen its balance sheet, increase exploration activities, and pay its enhanced dividend with the Lucky Friday ramp-up ahead of schedule, the expected improvements at Casa Berardi, and our modest planned capital expenditures
Revenue & Expenses
Visualization of income flow from segment revenue to net income