Hecla Mining 2025Q2 白银产/销量分别环比增加 9.9%/0.1%至 140.60/109.58 吨，归属普通股股东的净利润环比增长 100.3%至 5756.7 万美元

Investment Rating - Industry rating: Recommended [4] Core Insights - In Q2 2025, silver production increased by 9.9% quarter-on-quarter to 452.05 million ounces (140.60 tons), while silver sales rose slightly by 0.1% to 352.30 million ounces (109.58 tons) [1][6] - The net profit attributable to common shareholders surged by 100.3% quarter-on-quarter to $57.57 million, driven by rising precious metal prices and increased sales [8][6] - The cash cost of silver was reported at -$5.46 per ounce, a significant decrease from the previous quarter's $1.29 per ounce, while the All-In Sustaining Cost (AISC) fell to $5.19 per ounce, down 56.4% quarter-on-quarter [2][6] Production and Sales Summary - Silver production for Q2 2025 was 4,520,510 ounces, with payable silver ounces sold at 3,522,975 [21] - Gold production reached 45,895 ounces (1.43 tons), marking a 34.1% increase quarter-on-quarter, with gold sales at 37,333 ounces [3][21] - The realized price for silver was $34.82 per ounce, reflecting a 3.7% increase from the previous quarter, while gold realized price was $3,314 per ounce, up 12.7% [5][21] Financial Performance - Q2 2025 sales amounted to $304.03 million, a 16.3% increase quarter-on-quarter and a 23.8% increase year-on-year [6][21] - Gross profit for the quarter was $119.52 million, up 61.5% quarter-on-quarter and 132.4% year-on-year [7][21] - Adjusted EBITDA for Q2 2025 was $132.46 million, reflecting a 45.9% increase quarter-on-quarter [9][21] 2025 Guidance - Total silver production is projected to be between 15.5 million to 17.0 million ounces, with gold production guidance adjusted to 126,000 to 137,000 ounces [11][23] - Cash cost guidance for silver has been revised to between -$1.75 to -$0.75 per ounce, with AISC guidance set at $11.00 to $13.00 per ounce [17][24]