Hecla Mining reports Q3 adjusted EPS 3c, consensus 5c

Reports Q3 revenue $245.1M, consensus $229.4M. Produced 3.6 million silver ounces and 32,280 ounces of gold. Interim CEO Cassie Boggs said, “While Greens Creek’s silver production was lower than anticipated due to five days of unplanned mill maintenance in the third quarter, our team was able to complete the maintenance quickly and complete a portion of our Q4 scheduled maintenance simultaneously. Strong performance from our silver operations has generated free cash flow of $170M year-to-date, which along with opportunistic use of our ATM program, has allowed us to substantially repay outstanding borrowings on our revolving credit facility, reducing total debt by $50.6M. At Keno Hill, we have already mined more than 2.5 million ounces and produced 2.1 million ounces of silver this year, putting us on track to meet our production guidance for this year. We are prioritizing building the foundation for this operation’s future to operate in Yukon successfully, which includes improving safety and environmental practices and, importantly, valuing the perspectives of the Yukon Government and the First Nation of Na-Cho Nyak Dun, both of whom have important roles in permitting our improvements to infrastructure as well as our future operations.”