Hecla Updates COVID-19 Actions and First Quarter Production
Hecla Mining Company (HL)
Last hecla mining company earnings: 2/6 03:30 am
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ir.hecla-mining.com
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Source: Business Wire
Rapid operational and financial response to COVID-19 COEUR D'ALENE, Idaho--(BUSINESS WIRE)--Hecla Mining Company (NYSE:HL) today announced actions taken in response to COVID-19, cash balances and preliminary silver and gold production results at the end of the first quarter.1HIGHLIGHTS Responded quickly to COVID-19 with changes in work schedules and hygiene practices, eliminated most travel starting in February, and strengthened the balance sheet.Three of five operations (U.S. mines) are deemed essential businesses and remain fully operational (represent 69% of Hecla’s 2019 gold equivalent production).Silver production of 3 million ounces and gold production of 57,238 ounces was on plan (silver equivalent production of 10.3 million ounces or gold equivalent production of 110,210 ounces2).The Company is withdrawing its full-year 2020 guidance to assess COVID-19’s impact on its production and costs.Quarter-end cash and cash equivalents of approximately $215 million with the revolving
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Earnings
- 11/6/24 - Miss
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Analyst Actions
- 11/12/24 - National Bank Financial
HL
Sec Filings
- 11/7/24 - Form 4
- 11/7/24 - Form S-3ASR
- 11/7/24 - Form 10-Q
- HL's page on the SEC website