This article is 4 years old. Images might not display.
The company produced more silver and less lead than a year ago, with silver output increasing to 3.5 million ounces from 3.3Moz a year ago while gold production fell to 41,174oz from 77,311oz a year ago, as well as lead and zinc.
"Hecla had record adjusted EBITDA, generated the most free cash flow in a decade and repaid our revolver in full," said Hecla Mining president and CEO Phillips Baker.
"With the Lucky Friday [in Idaho, USA] ramp-up ahead of schedule, the expected improvements at Casa Berardi [in Quebes, Canada] and our modest planned capital expenditures, we are well positioned to further strengthen our balance sheet, increase exploration activities, and pay our enhanced dividend."
The company ended the quarter with $495.8 million and cash of $98.7 million.
Shares in Hecla Mining are trading at US$5.13, valuing the company at $2.7 billion.
