Good figures from $HL (-6,95%) I bought a small derivative today before the figures.
Investing.com -- Hecla Mining Company (NYSE:HL) reported fourth-quarter results that beat analysts' expectations thanks to higher precious metals prices and increased production. Shares rose 1.7% in after-hours trading following the announcement.
The silver and gold producer reported adjusted earnings of $0.20 per share for the quarter, beating analysts' consensus of $0.16. Revenue rose to $448.1 million, well above the $372.5 million forecast by analysts and 83% higher than the same quarter last year.
The strong business performance was boosted by the sharp rise in the price of silver. Hecla reported an average realized silver price of $69.28 per ounce for the fourth quarter, more than double that of the same period last year ($30.19 per ounce). The company produced 3.8 million ounces of silver in the reporting period.
"2025 was a transformative year for Hecla with strong operational and financial results across a number of key metrics," said Rob Krcmarov, President and Chief Executive Officer. "Our balance sheet has improved significantly and we are now well positioned to invest in value-creating initiatives focused on our world-class project pipeline."
For the full year 2025, Hecla reported record revenue of over $1.4 billion, an increase of 53% year-on-year. Net income also reached a record $321 million, or $0.49 per share. The company generated operating cash flow of $563 million and free cash flow of $310 million.
Hecla's net debt fell by more than 93% year-on-year to just $34 million. The net leverage ratio improved from 1.6x in the previous year to 0.1x.
The company recently announced the sale of its Casa Berardi gold mine for up to $593 million. According to management, this move positions Hecla as "North America's premier silver company". The transaction is expected to close in the first quarter of 2026.
For 2026, Hecla forecasts consolidated silver production of 15.1-16.5 million ounces and gold production of 65,000-72,000 ounces. This includes 14,000-17,000 ounces from the Casa Berardi mine in the first quarter.