earnings
confidence high
sentiment neutral
materiality 0.70
Hecla Q1 net loss $5.9M, silver production up 43% QoQ, Lucky Friday full production
HECLA MINING CO/DE/
2024-Q1 EPS reported
-$0.01
revenue$189,528,000
- Net loss of $5.9M ($0.01/share); adjusted net income of $6.5M ($0.01/share).
- Revenue $189.5M (+18% QoQ); silver output 4.2M oz (+43% QoQ).
- Lucky Friday back to full production, 1.1M oz silver; received $17.4M insurance proceeds.
- Cash cost per silver oz $4.78; AISC $13.10 after by-product credits.
- Reaffirmed 2024 guidance: 16.5-17.5M oz silver, cost and capex unchanged.