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Hecla Mining Company (HL)
NYSE:HL
Holding HL?
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Earnings Data
Report Date
Feb 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.06Last Year’s EPS
-$0.04Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -18.50%
|Next Earnings Date:Feb 12, 2025
Earnings Call Sentiment|Neutral
The call presented a mixed picture with several positive achievements in financial management and exploration success, particularly at Keno Hill, and strong cash flow generation at Greens Creek. However, operational challenges at Greens Creek, Lucky Friday, and Casa Berardi, along with permitting delays at Keno Hill, were significant concerns. Overall, the sentiment is balanced between positive financial and exploration outcomes and negative operational challenges.Company Guidance
During the Hecla Mining Company's Q3 2024 earnings call, several metrics were highlighted. The company invested approximately $40 million in capital at the Keno Hill mine during the year, with over $14 million spent in the third quarter, producing nearly 600,000 ounces of silver this quarter and over 2.1 million ounces year-to-date. The company's net leverage ratio improved to 1.8x from 2.3x in the previous quarter due to a $41 million increase in adjusted EBITDA. Hecla generated strong cash flows from operations, with a total capital investment of nearly $55 million. Additionally, the realized price of silver last quarter was $29.77 per ounce, contributing to a silver-linked dividend payout of $8.7 million. The company also noted a 48% margin over the realized price of silver due to the consolidated all-in sustaining cost per ounce. These figures reflect Hecla's focus on capital allocation, operational improvements, and maintaining a strong financial position.Keno Hill Silver Production and Investment
Keno Hill produced approximately 600,000 ounces in the third quarter, with year-to-date production of 2.1 million ounces. Hecla invested approximately $40 million in capital at the mine during the year, with more than $14 million in the third quarter.
Greens Creek Mine Performance
Despite unplanned downtime, Greens Creek generated strong free cash flow of $47 million in the third quarter and over $100 million year-to-date. Cash cost and all-in sustaining cost per silver ounce were $0.93 and $7.04, respectively, despite lower production.
Strong Financial Management
Hecla reduced its net leverage ratio to 1.8x from 2.3x in the prior quarter. The company raised $57.3 million under the ATM and paid down $49 million on the revolver, demonstrating significant deleveraging.
Exploration Success at Keno Hill
Drilling at Keno Hill continues to intersect high-grade silver mineralization over substantial widths, with intercepts including 63.8 ounces per tonne silver over 10.2 feet and 71.6 ounces per tonne silver over 14.8 feet.
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HL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $6.18 | $6.00 | -2.91% |
| Aug 06, 2024 | $4.83 | $4.79 | -0.83% |
| May 08, 2024 | $4.88 | $5.44 | +11.48% |
| Feb 14, 2024 | $3.42 | $3.59 | +4.97% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Hecla Mining Company (HL) report earnings?
Hecla Mining Company (HL) is schdueled to report earning on Feb 12, 2025, TBA Not Confirmed.
What is Hecla Mining Company (HL) earnings time?
Hecla Mining Company (HL) earnings time is at Feb 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HL EPS forecast?
HL EPS forecast for the fiscal quarter 2024 (Q4) is $0.06.
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