Hecla Q4 2021 Earnings Report
Key Takeaways
Hecla Mining Company announced Q4 and full-year 2021 financial results, highlighting record annual revenue and the second-highest cash flow from operations and free cash flow in the company's history.
Produced 12.9 million silver ounces and 201,327 gold ounces, meeting production and cost guidance.
Developed the Underhand Closed Bench (UCB) mining method at Lucky Friday, contributing to a 75% increase in silver production and improved seismicity management.
Casa Berardi achieved record throughput with 4% improved recoveries, yielding 134,511 gold ounces.
Reported second-highest silver and gold reserves in company history.
Hecla
Hecla
Hecla Revenue by Segment
Forward Guidance
The Company provided a three-year production outlook and estimates of costs, capital and exploration and pre-development expenses for 2022. Cost guidance includes planned COVID-19 management costs and 5% inflation, which is being experienced throughout the industry.
Revenue & Expenses
Visualization of income flow from segment revenue to net income