HECLA MINING CO/DE/ SEC 10-Q Report

Hecla Mining Co/DE/, a leading precious metals mining company, has released its Form 10-Q report for the second quarter of 2025. The report highlights significant improvements in both financial and operational performance, driven by higher metal prices and enhanced operational efficiency. The company continues to leverage its strategic positioning in stable jurisdictions to optimize its portfolio and meet growing market demands.

Financial Highlights

• Total Sales: $304.0 million, a 24% increase over the comparable period sales, driven by higher average realized prices for precious metals.
• Gross Profit: $119.5 million, significantly higher than the previous year, reflecting improved operational efficiency and higher metal prices.
• Income from Operations: $93.8 million, up from $40.6 million in the prior year, indicating strong operational performance.
• Net Income: $57.7 million, compared to $27.9 million in the same period last year, reflecting higher sales and improved cost management.
• Net Income Applicable to Common Stockholders: $57.6 million, compared to $27.7 million in the comparable 2024 period.
• Basic Income Per Common Share After Preferred Dividends: $0.09, compared to $0.04 in the prior year, reflecting increased profitability.
• Diluted Income Per Common Share After Preferred Dividends: $0.09, consistent with the basic income per share, indicating minimal dilution.

Business Highlights

• Revenue Segments: The company reported metal sales of $297.4 million for the three months ended June 30, 2025, with significant contributions from silver ($122.7 million), gold ($123.7 million), lead ($21.5 million), and zinc ($31.1 million). Environmental remediation services contributed an additional $6.6 million.
• Geographical Performance: The company operates in stable jurisdictions in the U.S. and Canada, with key operations at Greens Creek, Lucky Friday, Keno Hill, and Casa Berardi. The strategic positioning in these regions provides operational advantages and reduced political risk.
• Sales Units: For the three months ended June 30, 2025, the company produced 4.5 million ounces of silver and 45,895 ounces of gold. Payable ounces sold were 3.5 million for silver and 37,333 for gold. Lead and zinc production were 14,650 tons and 18,479 tons, respectively.
• Operational Achievements: The company set a new quarterly milling record at Lucky Friday with 114,475 tons milled. Keno Hill generated a gross profit for the second consecutive quarter, indicating operational improvements.
• New Production Launches: The company began ramp-up of the Keno Hill mill during the second quarter of 2023, following its acquisition in September 2022.
• Future Outlook: The company is focused on achieving operational excellence, optimizing its portfolio, intensifying financial discipline, and leveraging its position as North America's largest silver producer to meet growing demand from green technology markets.

SEC Filing: HECLA MINING CO/DE/ [ HL ] - 10-Q - Aug. 06, 2025