Hecla Q3 2024 Earnings Report
Key Takeaways
Hecla Mining Company reported third quarter 2024 financial results with revenues of $245.1 million and net income applicable to common stockholders of $1.6 million, or $0.00 per share. The company produced 3.6 million silver ounces and reduced total debt by $50.6 million.
Produced 3.6 million silver ounces and 32,280 ounces of gold.
Revenues of $245.1 million, with 45% from silver and 32% from gold.
Net income applicable to common stockholders of $1.6 million or $0.00 per share; adjusted net income applicable to common stockholders of $19.7 million or $0.03 per share.
Reduced total debt by $50.6 million; achieved the second highest quarterly Adjusted EBITDA, improving the net leverage ratio* to 1.8.
Hecla
Hecla
Hecla Revenue by Segment
Forward Guidance
The Company is revising it's 2024 silver production and cost guidance and affirming its capital guidance. As the Company's new CEO, Mr. Rob Krcmarov, begins his role, and in light of the Company's ongoing review of operations at Keno Hill and Casa Berardi, the Company is not providing any guidance beyond 2024, and expects to provide 2025 guidance along with its 2024 year-end release in February 2025.
Revenue & Expenses
Visualization of income flow from segment revenue to net income