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Hecla Mining

Hecla Mining (HL) Q4 2024 Earnings

Reported Feb 13, 2025 at 5:18 PM ET · SEC Source

Q4 24 EPS

$0.02

MISS 61.24%

Est. $0.05

Q4 24 Revenue

$249.7M

BEAT +4.18%

Est. $239.6M

vs S&P Since Q4 24

+124.5%

BEATING MARKET

HL +147.8% vs S&P +23.3%

Full Year 2024 Results

FY 24 EPS

$0.06

FY 24 Revenue

$929.9M

Market Reaction

Did HL Beat Earnings? Q4 2024 Results

Hecla Mining delivered a mixed fourth quarter, posting earnings of $0.02 per share against a consensus estimate of $0.05, a miss of 61.24%, even as revenue came in at $249.66 million, beating estimates by 4.18% and surging 55.4% year over year. The e… Read more Hecla Mining delivered a mixed fourth quarter, posting earnings of $0.02 per share against a consensus estimate of $0.05, a miss of 61.24%, even as revenue came in at $249.66 million, beating estimates by 4.18% and surging 55.4% year over year. The earnings shortfall reflected the uneven contribution from Keno Hill, where power curtailments by Yukon Energy Corporation disrupted operations late in the quarter and a non-cash write-down of $14.57 million tied to a terminated remote vein mine technology program weighed on the bottom line. Still, the broader 2024 story was one of operational recovery and record revenue of $929.92 million for the full year, driven by higher realized silver, gold, and zinc prices alongside Lucky Friday's return to full production after its fire-related suspension in 2023. Looking ahead, Hecla guides 2025 silver production at 15.5 to 17.0 million ounces and gold at 120 to 130 thousand ounces, with capital expenditures of $222 to $242 million, while Keno Hill growth remains on hold until power and permitting issues clear, with a recovery expected in 2026.

Key Takeaways

  • • Higher realized prices for silver, gold, and zinc drove revenue growth
  • • Lucky Friday resumption of full operations in January 2024 after August 2023 fire suspension
  • • Greens Creek generated $186.5 million in operating cash flow and $146.7 million in free cash flow
  • • Lucky Friday set multiple production records including highest tons mined in 80-year history
  • • Keno Hill silver production increased 85% over prior year to 2.8 million ounces
  • • $50 million Lucky Friday insurance proceeds collected
24/7 Wall St

HL YoY Financials

Q4 2024 vs Q4 2023, source: SEC Filings

24/7 Wall St

HL Revenue by Segment

With YoY comparisons, source: SEC Filings

Q2 24 Q1 26

“In balancing our proud heritage with our refocused forward-looking vision, we are implementing a strategic shift that emphasizes sustainable profitable growth and operational excellence while continuing to focus on industry leading safety standards. Our renewed focus on optimizing cash flow generation and return on capital investment will drive shareholder value, supported by four key pillars: stakeholder relationship management, capital discipline, technical innovation, and environmental stewardship. As part of this commitment to disciplined capital allocation, we have streamlined our dividend policy to eliminate the silver-linked component, enabling us to pursue significant growth opportunities, particularly at Keno Hill.”

— Rob Krcmarov, Q4 2024 Earnings Press Release

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