NYSE$HL

Hecla Mining Company · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Hecla reported 24% higher revenues driven by increased production and higher prices.

Hecla Mining Company reported a 24% increase in sales to $166.4 million compared to the prior year period. The company's mines were all in operation, with silver production of 3.4 million ounces and gold production of 59,982 ounces, generating $26.7 million of quarterly free cash flow.

  • All mines in operation (non-U.S. mines had government-mandated shutdowns of less than a month).
  • Sales of $166.4 million, an increase of 24% over prior year period.
  • Gross profit of $34.1 million, an increase of $54.3 million over prior year period.
  • Silver production of 3.4 million ounces and gold production of 59,982 ounces.

Headline financials

Total Revenue

$166M

Previous: $134M+24.0%
EPS (adj)

$0.01

Previous: -$0.07+114.3%
Total Silver Production

3.4M

No prior period
Total Gold Production

60.0K

No prior period
Capital Expenditures

-$30.7M

Previous: -$71.2M+56.9%
Free Cash Flow

-$44.7M

Previous: -$118M+62.0%
Net Income

-$14M

Previous: -$46.5M+69.9%
Operating Income

$9.87M

Previous: -$43.5M+122.7%
Gross Profit

$34.1M

Previous: -$20.2M+268.3%
Cash & Equivalents

$75.9M

Previous: $9.43M+704.8%
Total Assets

$2.6B

Previous: $2.67B-2.5%
Stock-Based Comp

$1.21M

Previous: $1.97M-38.7%

Revenue & EPS history

Hecla · Revenue · Quarterly

$166M

Q2 2020+24%vs Q2 2019
Beat estimate in 8 of 13 quarters(62%)
ActualEstimate

Revenue by segment

Hecla · $115M total across 3 segments · Q2 2020

  • Greens Creek Cash Flow
    $57.7M
  • Casa Berardi Cash Flow
    $45.6M
  • Lucky Friday Cash Flow
    $11.5M

Forward guidance

Hecla maintains its annual silver and gold production and cost guidance.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 2020

+0.0%

Avg return

Earnings day

-1.1%

Avg return

5 days after

-0.1%

Avg return

30 days after

49%

33 / 68 earnings

Positive

+17.1%

Q4 2021

Best reaction

-23.5%

Q1 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.2%+21.3%-13.4%
Q4 2025+3.6%+12.9%-18.8%
Q3 2025+11.9%+22.0%+40.1%
Q1 2025+5.3%+8.4%+24.0%
Q4 2024-14.6%-15.5%-9.9%
Q3 2024-4.4%-11.4%-12.4%
Q2 2024+1.5%+6.3%+19.8%
Q1 2024+9.6%+4.8%+7.0%
Q4 2023+7.4%+3.2%+26.7%
Q3 2023-5.8%-12.7%+9.9%
Q2 2023-9.3%-7.0%-21.5%
Q1 2023-12.5%-13.3%-13.2%
Q4 2022-10.1%-8.5%-1.1%
Q3 2022+0.4%+3.8%+11.7%
Q2 2022+5.4%+4.3%-11.6%
Q1 2022-4.8%+0.2%+1.8%
Q4 2021+17.1%+15.1%+33.5%
Q3 2021+1.7%+4.2%-13.1%
Q2 2021-1.6%-4.6%+1.6%
Q1 2021+16.5%+18.9%+42.7%
Q4 2020+1.5%+14.3%+8.3%
Q3 2020-5.9%-4.7%-9.5%
Q2 2020-4.7%-12.3%-13.1%
Q1 2020+3.5%-1.6%+23.7%
Q4 2019+11.4%+2.3%-14.3%
Q3 2019-2.5%+2.1%+17.3%
Q2 2019-14.5%-20.0%-10.0%
Q1 2019-23.5%-24.0%-27.9%
Q4 2018-11.6%-10.6%-17.1%
Q3 2018+0.0%-8.6%-0.8%
Q2 2018+5.6%-0.7%-5.6%
Q1 2018-0.5%-1.0%-5.3%
Q4 2017-1.0%-6.7%-4.2%
Q3 2017+2.2%-10.4%-23.3%
Q2 2017-7.9%-10.9%-1.8%
Q1 2017+1.7%+8.5%+10.8%
Q4 2016-7.2%-12.3%-20.4%
Q3 2016+9.4%-8.9%-4.5%
Q2 2016+0.8%+8.5%-8.4%
Q1 2016+10.6%
Q4 2015+6.4%
Q3 2015-0.9%
Q2 2015-5.1%
Q1 2015+0.3%
Q4 2014+7.5%
Q3 2014-0.5%
Q2 2014-6.6%
Q1 2014-1.6%
Q4 2013-0.6%
Q3 2013-1.0%
Q2 2013+11.5%
Q1 2013-3.9%
Q4 2012+1.2%
Q3 2012-6.2%
Q2 2012-1.5%
Q1 2012+3.6%
Q4 2008-0.4%
Q4 2011-0.4%
Q3 2011-5.6%
Q2 2011+7.2%
Q1 2010+6.3%
Q1 2011-0.6%
Q4 2010+0.6%
Q3 2010-0.9%
Q3 2009-0.9%
Q2 2010+2.8%
Q2 2009+2.8%
Q4 2009+2.8%

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