Hecla Q4 2020 Earnings Report
Key Takeaways
Hecla Mining Company reported fourth quarter sales of $188.9 million, cash flow from operations of $64.9 million, and free cash flow of $28.3 million. The company's net income was $0.8 million, with an adjusted net income applicable to common shareholders of $13.0 million, or $0.02 per share.
Fourth quarter sales of $188.9 million.
Cash flow from operations of $64.9 million.
Free cash flow $28.3 million.
Lucky Friday returned to full production levels in the fourth quarter of 2020.
Hecla
Hecla
Hecla Revenue by Segment
Forward Guidance
Hecla expects to grow silver production and generate significant free cash flow, with silver production from US mines expected to increase from 8 million ounces in 2018 to almost 15 million ounces by 2023.
Positive Outlook
- Greens Creek: Silver Production (Moz) 9.5 - 10.2, Gold Production (Koz) 40 - 43
- Lucky Friday: Silver Production (Moz) 3.4 - 3.8
- Casa Berardi: Gold Production (Koz) 125 - 128
- Nevada Operations: Gold Production (Koz) 20 - 22
- Total: Silver Production (Moz) 12.9 - 14.0, Gold Production (Koz) 185 - 193
Revenue & Expenses
Visualization of income flow from segment revenue to net income