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Stock impact report

Hecla Reports 22% Higher Silver and 4% Higher Gold Production, Lower Debt, Growing Cash Balances

Hecla Mining Company (HL) 
Last hecla mining company earnings: 2/6 03:30 am Check Earnings Report
US:NYSE Investor Relations: ir.hecla-mining.com
Company Research Source: Business Wire
Union ratified Lucky Friday Labor Agreement COEUR D'ALENE, Idaho--(BUSINESS WIRE)--Hecla Mining Company (NYSE:HL) today announced preliminary silver and gold production results1 for the fourth quarter and full year 2019 as well as a significant reduction of net debt and an increase in cash position. The Lucky Friday Union workers have ratified the collective bargaining agreement, reversing the result of the vote held in early December, and many of the workers are expected to return to work.2019 HIGHLIGHTS Silver production of 12.6 million ounces, an increase of 22% and gold production of 272,873 ounces, an increase of 4%. The gold production in 2019 was the highest in Hecla’s history.Silver equivalent production of 47.2 million ounces and gold equivalent production of 549,172 ounces.2Year-end cash and cash equivalents of approximately $62 million.Net debt reduction of approximately $136 million, or 23%, from the net debt high mid-2019.Generated sufficient free cash flow to fully re Show less Read more
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