From Nasdaq: 2025-02-17 13:13:00

Hecla Mining Company (HL) reported Q4 2024 adjusted EPS of 4 cents, in line with estimates, marking a significant improvement from a loss in the prior-year quarter. Revenues surged 55.4% year over year to $250 million, beating estimates. Gold prices rose 10.7%, while silver prices increased 28.6%. Gross profit saw a substantial increase.

In terms of production, HL reported a 6.3% sequential increase in silver production and a 10.7% growth in gold production in Q4 2024. For the full year 2024, the company delivered adjusted EPS of 11 cents, beating estimates. Revenues for 2024 grew 29.1% year over year to $930 million, exceeding expectations.

Hecla Mining’s financial position saw a decline in cash and cash equivalents from $106 million to $26.8 million in 2024. However, cash flow from operating activities improved significantly to $218.3 million. The company provided guidance for 2025, anticipating consolidated silver production of 15.5-17.0 million ounces and gold production of 120-130 thousand ounces.

HL stock has gained 51.7% in the past year, underperforming the industry’s growth of 76.5%. Looking ahead, other mining silver stocks like Pan American Silver Corp. (PAAS) and Avino Silver & Gold Mines Ltd. (ASM) are expected to release their Q4 2024 results soon. Hecla Mining currently holds a Zacks Rank #1 (Strong Buy), with another top-ranked stock being Carpenter Technology Corporation (CRS).



Read more at Nasdaq: Hecla Mining Q4 Earnings Meet Estimates, Revenues Rise 55% Y/Y