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Sep 30, 2021
Hecla Q3 2021 Earnings Report
Free cash flow was generated as Casa Berardi achieved record quarterly throughput.
Key Takeaways
Hecla Mining Company reported sales of $193.6 million, consistent with the prior year quarter, and generated $15.8 million of quarterly free cash flow. Casa Berardi achieved record quarterly throughput, and the company purchased carbon credits to offset scope 1 and scope 2 emissions for net zero emissions in 2021.
Sales of $193.6 million, consistent with the prior year quarter.
Generated $42.7 million of cash provided by operating activities with $26.9 million of additions to properties, plant, equipment and mineral interests, resulting in $15.8 million of quarterly free cash flow reflecting increased exploration spend.
Casa Berardi achieved record quarterly throughput of nearly 400,000 tons as the mill improvements delivered 13% higher gold production.
Strong balance sheet with $190.9 million in cash and over $420 million of available liquidity.
Revenue by Segment
Forward Guidance
The Company has updated its guidance for annual production and cost as follows:
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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