Hecla Mining Company ( (HL) ) has released its Q1 earnings. Here is a breakdown of the information Hecla Mining Company presented to its investors.
Hecla Mining Company, a leading silver producer in North America, operates mines in Alaska, Idaho, and Quebec, and is developing a mine in the Yukon. In its first quarter of 2025, Hecla reported record revenues of $261.3 million, a 5% increase from the previous quarter, alongside a net income of $28.7 million. The company achieved a record Adjusted EBITDA of $90.8 million, improving its net leverage ratio to 1.5x. Keno Hill mine posted its first profitable quarter, and Lucky Friday set a new milling record.
Key financial highlights include a consolidated silver total cost of sales of $129.6 million, with cash costs per silver ounce at $1.29 and all-in sustaining costs at $11.91. The company produced 4.1 million ounces of silver and 34,232 ounces of gold. Strategic priorities for 2025 focus on strengthening the balance sheet, advancing Keno Hill’s infrastructure, optimizing the operating portfolio, and enhancing mine planning and cost management.
Operationally, Lucky Friday achieved a new quarterly milling record, and Keno Hill increased silver production by 23% over the prior quarter. Exploration efforts extended Greens Creek mineralization and confirmed expansions at Keno Hill. Despite a decrease in cash flow from operations to $35.7 million, capital investments were reduced, resulting in negative free cash flow of $18.4 million.
Looking ahead, Hecla aims to maintain its strong financial foundation and operational excellence. The company plans to focus on high-return projects, improve financial discipline, and leverage its position to meet the growing demand from green technology markets.