Hecla Q3 2022 Earnings Report
Key Takeaways
Hecla Mining Company reported a net loss applicable to common stockholders of $(23.7) million, or $(0.04) per share, for the third quarter of 2022. Revenue was $146.3 million. The results were impacted by lower realized prices for all metals and the deferral of silver concentrate shipments from Greens Creek and Lucky Friday to the fourth quarter.
Greens Creek achieved record throughput.
Lucky Friday produced 1 million silver ounces for two consecutive quarters.
Consolidated silver production guidance increased, operating and capital cost guidance maintained.
Keno Hill has completed 30% of total planned pre-production development as of October 31, 2022.
Hecla
Hecla
Hecla Revenue by Segment
Forward Guidance
The Company has reaffirmed its guidance for annual production, cost, and exploration and pre-development. The Company is maintaining its consolidated capital guidance with lower forecasted capital spend at the Lucky Friday and Casa Berardi due to timing of expenditures, offset by the inclusion of Keno Hill.
Revenue & Expenses
Visualization of income flow from segment revenue to net income