Q1 24 EPS
$N/A
Q1 24 Revenue
N/A
Did HL Beat Earnings? Q1 2024 Results
Hecla Mining matched Wall Street's expectations in the second quarter of 2026, posting earnings of $0.18 per share in line with the consensus estimate, extending the company's streak of beating or meeting consensus EPS forecasts to five consecutive q… Read more Hecla Mining matched Wall Street's expectations in the second quarter of 2026, posting earnings of $0.18 per share in line with the consensus estimate, extending the company's streak of beating or meeting consensus EPS forecasts to five consecutive quarters, while revenue climbed 9.8% year over year to $333.85 million. The quarter represented an expected sequential pullback from a record prior period, with the decline driven primarily by lower realized silver and gold prices and shipment timing at Greens Creek, though adjusted EBITDA from continuing operations still more than doubled the $92.55 million recorded in Q2 2025. A standout operational moment came from Lucky Friday, where a sharp rise in milled grade pushed silver output to 1.5 million ounces for the quarter, though management noted that grade level is unlikely to hold. Perhaps more consequentially for investors, Hecla redeemed $263 million in senior notes during the period, leaving the company effectively debt-free and holding $483.48 million in cash. Looking ahead, full-year silver production guidance was tightened to 15.1 to 16.1 million ounces, with improved cost expectations of negative $4.00 to negative $3.75 per ounce on a cash cost basis.
Key Takeaways
- • Lucky Friday achieved record quarterly silver production of 1.5 million ounces driven by 31% higher milled grade
- • Cash flow from continuing operations up 61% year-over-year to $175 million
- • Free cash flow more than doubled year-over-year to $136 million
- • Revenue declined 19% sequentially due to lower realized silver and gold prices and timing of shipments
- • Silver cash cost of ($8.10)/oz and AISC of $6.07/oz after by-product credits
- • Redemption of $263 million Senior Notes leaving company debt-free excluding finance leases
HL YoY Financials
Q1 2024 vs Q1 2023, source: SEC Filings
HL Revenue by Segment
With YoY comparisons, source: SEC Filings
“Our second quarter results reflect the strength of the platform we have built. We ended the quarter with the strongest balance sheet in the Company's history, and Lucky Friday delivered record quarterly silver production, underscoring the quality of our silver portfolio. I'm also encouraged by our strong safety performance across the operations, which remains a foundation of everything we do. At the same time, our organic project pipeline continues to advance, demonstrating real potential for meaningful value creation and further solidify Hecla's position as North America's premier silver producer.”
— Rob Krcmarov, Q1 2024 Earnings Press Release
HL Earnings Trends
HL vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
HL EPS Trend
Earnings per share: estimate vs actual
HL Revenue Trend
Quarterly revenue: estimate vs actual
HL Quarterly Results
12 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $0.18 | $0.18 | +1.81% | $333.9M | -11.10% |
| Q1 26 BEAT | $0.23 | $0.25 | +10.62% | $411.4M | -4.86% |
| Q4 25 BEAT FY | $0.18 | $0.20 | +10.19% | $448.1M | +26.13% |
| FY Full Year | — | $0.49 | — | $1.42B | — |
| Q3 25 BEAT | $0.09 | $0.12 | +26.45% | $409.5M | +26.36% |
| Q2 25 BEAT | $0.05 | $0.08 | +48.70% | $304.0M | +17.99% |
| Q1 25 BEAT | $0.05 | $0.05 | +0.20% | $261.3M | +9.50% |
| Q4 24 MISS FY | $0.05 | $0.02 | -61.24% | $249.7M | +4.18% |
| FY Full Year | — | $0.06 | — | $929.9M | — |
| Q3 24 MISS | $0.05 | $0.03 | -40.00% | $245.1M | +6.84% |
| Q2 24 MISS | $0.04 | $0.02 | -50.00% | $245.7M | +12.07% |
| Q1 24 | — | — | — | — | — |
| Q4 23 | — | — | — | — | — |
| Q3 23 | — | — | — | — | — |