Hecla Mining Company reported significant financial growth in its latest quarterly results, with total sales reaching $304.0 million for the three months ended June 30, 2025, a 24% increase from $245.7 million in the same period last year. The company’s net income applicable to common stockholders also saw a substantial rise, amounting to $57.6 million compared to $27.7 million in the prior year. For the first half of 2025, Hecla generated $565.4 million in sales, a 30% increase from $435.2 million in the first half of 2024, driven by higher metal prices and increased production.
The company’s operational performance was bolstered by increased production at its key mines, particularly at Greens Creek and Lucky Friday, which produced 4.5 million ounces of silver in the second quarter. This was complemented by a notable increase in gold production, which reached 45,895 ounces, up from 37,324 ounces in the same quarter of 2024. The ramp-up of the Keno Hill mill, acquired in September 2022, contributed to the overall production figures, marking a significant operational milestone for the company.
Hecla's strategic initiatives included raising $174.1 million through its At-The-Market (ATM) equity distribution program, which allowed the company to strengthen its balance sheet. The company reported cash and cash equivalents of $296.6 million as of June 30, 2025, a significant increase from $26.9 million at the end of 2024. This liquidity positions Hecla favorably for future investments and operational needs, including planned capital expenditures of approximately $222 to $242 million for 2025.
Operationally, Hecla reported a total of 8.6 million ounces of silver produced in the first half of 2025, with notable contributions from its various mining segments. The company also achieved a gross profit of $193.5 million for the first half of the year, compared to $70.6 million in the same period of 2024. The increase in profitability was attributed to higher realized prices for silver and gold, alongside improved operational efficiencies.
Looking ahead, Hecla Mining Company remains optimistic about its future performance, citing favorable macroeconomic factors such as lower interest rate expectations and geopolitical uncertainties that could drive demand for precious metals. The company continues to focus on optimizing its operations and capital allocation to enhance shareholder value while navigating the challenges posed by fluctuating commodity prices and operational costs.
About HECLA MINING CO/DE/
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