Hecla Mining reports Q1 EPS 5c, consensus 5c

Reports Q1 revenue $261.3M, consensus $238.66M. “This quarter demonstrates the strength and growth potential of our business, with record sales of $261.3M representing a 5% increase over the prior quarter,” said Rob Krcmarov, President & Chief Executive Officer. “With record Adjusted EBITDA of $90.8M this quarter and $357.1M over the past year, we have improved our net leverage ratio to 1.5x, reinforcing our solid financial foundation.” Krcmarov continued, “Our operational excellence continues to shine through, with Lucky Friday setting a new quarterly milling record and Keno Hill increasing silver production by 23% over the prior quarter. Looking ahead, we’re focusing on four key strategic pillars: achieving operational excellence through standardized systems and continuous improvement; optimizing our portfolio through strategic reviews and focus capital allocation on high-return projects or those that enhance environmental or safety performance or reduce risk; intensifying our focus on financial discipline with a rigorous capital allocation framework; and leveraging our position as North America’s largest silver producer to meet growing demand from green technology markets.”