Hecla Mining Company today announced fourth quarter and full year 2018 financial and operating results. YEAR-END HIGHLIGHTS Silver production of 10.4 million ounces and record gold production of 262,103 ounces. Silver equivalent production of 43.6 million ounces or gold equivalent of 540,174 ounces.7 Cost of sales and other direct production costs and depreciation, depletion and amortization of $488.0 million. Total cash [...]
Hecla Mining Company today reported the highest silver, gold and lead reserves in its 128-year history and provided an update on its exploration programs during the fourth quarter of 2018. Highlights Reserve gains are from consistent long-term exploration programs and improved use of data. Greens Creek, which generates approximately 50% of Hecla’s revenues, increased reserve tons 23%, silver ounces 19%, gold ounces [...]
Hecla Mining Company today announced it expects to release its fourth quarter and year-end 2018 financial results before market open on Thursday, February 21, 2019. A conference call and webcast will be held Thursday, February 21, at 10:00 a.m. Eastern Time to discuss these results. You may join the conference call by dialing toll-free 1-855-760-8158 or for international by dialing 1-720-634-2922. The participant passcode [...]
Hecla Mining Company today announced preliminary silver and gold production results1 for the fourth quarter and full year 2018. 2018 HIGHLIGHTS Silver production of 10.4 million ounces, and a company-record gold production of 262,103 ounces. Silver equivalent production of 43.6 million ounces and gold equivalent production of 540,174 ounces.2 Lead production of 20,091 tons; zinc production of 56,023 tons. Cash, cash [...]
Hecla Mining Company today announced third quarter financial and operating results. HIGHLIGHTS Net loss applicable to common shareholders of $23.3 million, or $0.05 per share on lower prices of all four metals. Cost of sales and other direct production costs and depreciation, depletion and amortization of $137.1 million. Gross profit of $6.6 million and adjusted EBITDA of $40.3 million.1 Silver production of 2.5 million [...]
Hecla Mining Company today provided an update on its exploration programs during the third quarter. Highlights Largest quarterly exploration program in company history There were up to 20 drills at 10 properties, 5 operating mines, all in North America Reserve price assumptions to determine this year’s reserves are $14.50 silver, $1200 gold, $1.15 zinc and $.90 lead, which are all at or below current spot prices and [...]
COEUR D'ALENE, The United Steelworkers today said that on Tuesday, Oct. 30, 2018, the union will hold a solidarity rally at Hecla Mining Company's headquarters to support the members of Local 5114 on strike against unfair labor practices at the company's Lucky Friday Mine in Mullan, Idaho. Union members and retirees and their families, as well as activists and supporters will attend the rally, which will take place from [...]
Hecla Mining Company today announced it expects to release its third quarter 2018 financial results before market open on Thursday, November 8, 2018. A conference call and webcast will be held Thursday, November 8, at 10:00 a.m. Eastern Time to discuss these results. You may join the conference call by dialing toll-free 1-855-760-8158 or for international by dialing 1-720-634-2922. The participant passcode is HECLA [...]
Hecla Mining Company today announced certain preliminary results¹ for the third quarter of 2018. HIGHLIGHTS Silver production of 2.5 million ounces, and gold production of 72,995 ounces. Silver equivalent production of 10.9 million ounces or gold equivalent production of 135,096 ounces.2 Lead production of 4,239 tons; zinc production of 12,795 tons. Cash, cash equivalents and short-term investments of approximately [...]
Hecla Mining Company announced today that a wholly-owned subsidiary of Hecla exercised warrants to acquire 1,250,000 common shares of Dolly Varden Silver Corp. . The warrants entitled Hecla Canada Ltd. to acquire 1,250,000 Shares at a price of C$0.30 each. As a consequence, Hecla, through Hecla Canada, now controls or is deemed to control, 6,807,626 common shares of Dolly Varden, or approximately 11.87% of the Shares [...]
Hecla Mining Company today is filing a National Instrument 43-101 technical report on Fire Creek, Nevada. The Fire Creek reserves and resources are those reported by Klondex Mines on February 5, 2018 with mining depletion to April 1, 2018, and were previously reported in the August 7, 2018 news release entitled “Hecla Reports Continued Discoveries at the Mines, Integrates Nevada, and Advances Key Projects.&rdquo [...]
Hecla Mining Company today announced second quarter 2018 financial and operating results. HIGHLIGHTS Net income applicable to common shareholders of $11.9 million, or $0.03 per share. Adjusted net income applicable to common shareholders of $3.0 million, or $0.01 per share. 1 Sales of $147.3 million. Adjusted EBITDA of $57.7 million and net debt/adjusted EBITDA of 1.2x. 2,3 Operating cash flow of $30.6 million compared to [...]