Hecla Mining Co Q2 2021 Performance Review Transcript
I'm Phil Baker, President and CEO of Hecla Mining. Thank you for watching this video on our 2021 second quarter earnings and the outlook for the year.
Hecla delivered another strong quarter with near record results. Our second highest revenues, gross profit, cash flow from operations and adjusted EBITDA in our history. Our realized silver margin of $19.60 per ounce is a record since we started reporting ASIC, all with silver as the dominant revenue contributor of 40% for the quarter. We're lowering our cash cost and all-in sustaining cost guidance again this year. Our financial position continues to strengthen. Our cash position has increased almost 2.5x from the prior year to $181 million from the cash the mines are generating.
Our financial strength is not new to this quarter or even in the past few years. This is our 39th consecutive quarter of dividend payments. The dividend to be paid in September will make it 10 straight years of dividends. We've returned $72 million in common dividends.
Before I talk
| 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... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
