Nov 09, 2021 / NTS GMT
Phillips S. Baker - Hecla Mining Company - President, CEO & Director
Hello. I'm Phil Baker, President and CEO of Hecla Mining Company. Thanks for joining me as I discuss Hecla's 2021 third quarter, which was another quarter of solid financial performance.
The performance starts with the revenues that led to free cash flow generation of $15.6 million, which makes for the eighth quarter out of the past 9 of generating free cash flow, and that was a total of $237 million over those 9 quarters. This is strong and consistent cash flow generation, and it's given us the financial strength and flexibility by putting $190 million of cash on the balance sheet and approximately $420 million of liquidity. As a result, Hecla was able to provide significant returns of capital to shareholders in the form of dividend payments.
Year-to-date, we've returned 20% of our free cash flow to shareholders and 13% in the last 6 quarters. And this is going to be the 40th consecutive quarter of dividend payments. We've now paid $78 million in common dividends since 2011 when our dividend policy was first adopted.
Hecla Mining Co Q3 2021 Performance Review Transcript
Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis | |
30-Year Financial on one screen | |
All-in-one Stock Screener with unlimited filters | |
Customizable Stock Dashboard | |
Real Time Insider Trading Transactions | |
8,000+ Institutional investors’ 13F holdings | |
Powerful Excel Add-in and Google sheets Add-on | |
All data downloadable | |
Quick customer support | |
And much more... |
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot