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Hecla Mining Company (NYSE:HL) 2025 Conference Transcript
2025-10-07 19:47
Hecla Mining Company Conference Call Summary Company Overview - Hecla Mining Company (NYSE:HL) has a long history of 134 years, primarily focused on silver mining in North America, specifically the U.S. and Canada [2][3] - The company is undergoing a generational change in management, with new leadership including CEO Rob Krcmarov, who has extensive experience in mining and finance [3][4] Key Assets - Hecla operates four producing mines: - **Greens Creek**: Located in Alaska, it is the flagship asset, producing silver, gold, lead, zinc, and some copper [3][4] - **Lucky Friday**: Situated in Idaho, it has been producing for about 80 years with a reserve life of nearly 17 years [4][18] - **Keno Hill**: A newer silver-focused mine in the Yukon, with a high grade of 950 grams per ton silver equivalent and a 16-year reserve life [21][22] - **Casa Berardi**: A gold mine in Quebec, combining open-pit and underground operations, generating significant free cash flow [26][27] Financial Performance - In Q2 2024, Hecla produced 13.4 million ounces of silver, making it the largest silver producer in the U.S. and Canada [9] - The average all-in sustaining cost (AISC) for silver production was approximately $13.06, significantly below the peer average [11] - The company reported $69 million in free cash flow from Greens Creek in Q2, contributing to over $100 million in the first half of the year [16] - Hecla's debt was reduced to $268 million by the end of Q2, with plans for further repayment using free cash flow [32][71] Strategic Focus - The management is focused on improving capital allocation and enhancing resource value, aiming to close the valuation gap compared to peers [8][9] - Hecla is committed to maintaining a strong focus on silver, with approximately 40% of Q2 revenue derived from silver sales [6][32] - The company is exploring opportunities in Nevada, with plans for increased exploration spending in the coming year [30][41] Market Outlook - There is a structural deficit in the silver supply, expected to support robust silver prices in the coming years [35] - The management is optimistic about the potential for higher silver prices, which could further enhance cash flow and support debt repayment [61][62] ESG and Safety Initiatives - Hecla emphasizes safety with a program called Safety 365, aiming to improve safety culture across its operations [12][13] - The company is also involved in reclamation work funded by the Canadian government, strengthening relationships with local communities and First Nations [24][50] Additional Insights - The management believes that the Keno Hill mine has significant potential, despite challenges in ramping up production [21][46] - Hecla is not currently pursuing major M&A but is open to low-cost acquisitions that can add value without diluting shareholder equity [69][70] Conclusion - Hecla Mining Company is positioned for growth with a strong focus on silver production, effective debt management, and strategic exploration initiatives. The new management team is committed to enhancing shareholder value through improved capital allocation and operational efficiency.
Correction: Reykjavík Energy Financial Forecast 2026–2030 | ISK 50 Billion in Annual Investments
Globenewswire· 2025-10-07 08:36
Investment Forecast - Total investments for Reykjavík Energy Group are projected to reach ISK 245 billion from 2026 to 2030, averaging nearly ISK 50 billion annually [1] - The financial forecast includes an outlook for the current year and has been approved by the Board of Directors [4] Competitiveness and Sustainability - Reykjavík Energy aims to enhance Iceland's competitiveness by generating more energy and connecting more homes to environmentally friendly utility systems [2] - The company has received an "outstanding" sustainability rating of A3 from Reitun, reflecting its strong performance in environmental, social, and governance factors [5] Financial Growth Projections - Annual revenues are expected to increase from ISK 70.9 billion in 2025 to ISK 96.0 billion in 2030, a growth of 35% [6] - Annual operating expenses are projected to rise from ISK 30.9 billion to ISK 35.6 billion, an increase of 15% [6] - Cash flow from operations is anticipated to grow from ISK 32.2 billion in 2025 to ISK 42.1 billion in 2030, marking a 31% increase [6] - Equity is expected to rise from ISK 262 billion at the end of 2024 to ISK 341 billion by the end of 2030, reflecting a 30% increase [6] Emerging Opportunities - There is a growing interest from parties looking to establish industries in Iceland due to the availability of green energy and carbon storage options [3] - The company hopes that the government's upcoming industrial policy will support the development of green industrial parks, enhancing the sustainability of Icelandic industry [3]
Allied Announces 2025 GRESB Scores
Globenewswire· 2025-10-06 21:05
TORONTO, Oct. 06, 2025 (GLOBE NEWSWIRE) -- Allied Properties Real Estate Investment Trust (“Allied”) (TSX:AP.UN) today announced its 2025 GRESB score, based on the 2024 reporting year. Allied achieved a score of 87 for its standing investments, representing continuous improvement overall year over year. The following initiatives contributed to Allied’s score: Exceeding five-year environmental reduction targets for greenhouse gas (GHG) emissions, energy, and water consumption.Setting science-based emissions ...
Nexans S.A. (NEXNY) ESG Webinar Call Transcript
Seeking Alpha· 2025-10-06 19:27
PresentationMarc BoilardOliver Wyman Actuarial Consulting, Inc. Welcome to our webinar on Responsible Sourcing in the Cable value chain. The energy transition and the electrification of the world require more and more cables, and this will last for decades. In parallel, ESG requirements for companies are no longer an option in order to protect employees, to protect the environment and to protect the society. As a consequence, all the industry players along the cable value chain are adopting responsible sour ...
ESG价值重构与企业赋能研讨会暨大成厦门分所ESG中心成立大会
Sou Hu Cai Jing· 2025-10-06 16:14
原标题:ESG价值重构与企业赋能研讨会暨大成厦门分所ESG中心成立大会成功举办 2025年9月28日,由大成厦门分所与大成上海分所合规与风险控制专业组联合主办的"ESG价值重构与企业赋能研讨会暨大成厦门分所环境社会治理(ESG) 中心成立大会"在大成厦门分所成功举办。 图/会议现场 本次大会得到中国出入境检验检疫协会合规工作委员会、中国投资协会品牌投资促进中心的指导,吸引企业高管、金融机构代表、ESG领域专业人士等百余 人线下参与,线上同步直播亦收获广泛关注,各界人士齐聚一堂,共探ESG发展趋势与企业赋能路径。 图/揭牌仪式 大成厦门分所主任林镜桂律师、高级合伙人刘世平律师共同为大成厦门分所ESG中心牌匾揭牌,标志着中心正式成立。 图/刘世平律师 大成厦门分所ESG中心主任刘世平律师致辞,主题为"大成厦门分所成立ESG中心正当其时",介绍了成立大成厦门分所ESG中心的背景、初衷与愿景。大成 厦门分所关注ESG较早,每届管理层任期发布任期ESG已经成为传统,过往已经发布《大成厦门社会责任和ESG报告(2008-2019)》《大成厦门社会责任和 ESG报告(2020-2022)》,这在厦门律师界和大成所有分所层面 ...
Southwest Gas Holdings Announces Release of 2024 Sustainability Report
Prnewswire· 2025-10-06 15:12
Company highlights safety advances, renewable energy investments, and emissions reduction efforts The Company's ESG activities and performance are overseen by the Nominating and Corporate Governance Committee of the Board of Directors as well as leadership from Southwest Gas, ensuring ESG practices are adopted throughout the Company. The complete report is available here: www.swgasholdings.com/esg About Southwest Gas Holdings, Inc. Southwest Gas Holdings, Inc., through its primary operating subsidiary Sout ...
ETF Pioneer Som Seif Fights Back as Canada Regulator Questions ESG Claims
MINT· 2025-10-06 12:53
(Bloomberg) -- Som Seif, the entrepreneur bent on disrupting Canada’s financial industry, has found himself at the center of an unprecedented showdown with the country’s top markets watchdog. The asset management executive is a consummate marketer — a skill that helped him build a firm that was one of Canada’s early winners in exchange-traded funds, sell it to BlackRock Inc., then start another, Purpose Investments Inc.  But that knack for self-promotion has caught the attention of the Ontario Securities ...
丘应桦:“内地企业出海专班”今日启动 香港多部门携手助力内地企业“走出去”
智通财经网· 2025-10-06 06:46
出海专班调配跨局、跨部门、跨机构、跨界别的资源,构建一个一站式、快捷、前所未有的"出海"支援 平台。有关工作将会从以下三个维度展开。 第一,合作共赢——出海专班将凝聚法律、金融、会计等跨界别力量,促进资源整合与知识共享,发挥 协同效应。为此,今日启动仪式上汇聚了首批来自商界和专业界别同心协力服务及支援内地企业"出 海"的伙伴机构,包括商会、专业协会、律师行、银行、会计师行、投资公司等,共同为"出海"企业提 供全方位支援。 启动仪式上,丘应桦宣布特区政府会整合香港的外地办事处,包括投资推广署、香港贸易发展局(贸发 局)和香港驻内地的办事处,组成一站式平台,成立出海专班,并由他担任督导专班成员的工作,统筹 和协调相关政策局、部门及机构,包括香港商务及经济发展局、香港政制及内地事务局、香港财经事务 及库务局、香港创新科技及工业局等,携手为内地企业量身打造"走出去"方案。 智通财经APP获悉,香港商务及经济发展局局长丘应桦10月6日出席"内地企业出海专班"启动仪式时表 示,内地企业出海专班(出海专班)于今日正式启动,为内地企业搭建通往世界的桥梁,希望通过这个平 台,汇聚各方专业力量,将企业的潜力转化为实际成果,让更多 ...
SIGMA LITHIUM RECOGNIZED FOR SUSTAINABILITY EXCELLENCE BY ITAUSA/ARAPYAU FOUNDATIONS; UPGRADES MINING OPERATIONS TARGETING HIGHER EFFICIENCY
Prnewswire· 2025-10-06 06:43
, /PRNewswire/ -- Sigma Lithium Corporation (TSXV/NASDAQ: SGML, BVMF: S2GM34), a leading global lithium producer dedicated to powering the next generation of electric vehicles with carbon neutral, socially and environmentally sustainable lithium concentrate, announces today that it was included as a case study in a key industry report. RECOGNITION FOR SUSTAINABILITY EXCELLENCE The report "Climate and Nature Solutions in Brazil" was published by (i) Instituto Itausa, an organization dedicated to financing a ...
The biggest pension fund puts impact investing on the agenda
The Economic Times· 2025-10-06 00:45
Core Viewpoint - The Government Pension Investment Fund (GPIF) of Japan is shifting towards impact investing, prompting other pension funds and asset managers to revise their investment strategies to meet the growing demand for such approaches [1][2][6]. Group 1: Impact Investing Adoption - GPIF opened the door to impact strategies in March, leading at least four other Japanese pension funds to update or revise their investment policies [1] - The shift is supported by the Japanese government, which views impact investing as a means to tackle pressing societal challenges, including an aging population and gender inequality [2] Group 2: Economic Implications - GPIF President Kazuto Uchida believes that targeting environmental and social goals through investment will ultimately foster economic and capital market growth [3] - Aniket Shah from Jefferies Financial Group Inc. emphasizes that the measurable real-world effects of impact investing make it potentially more influential than traditional ESG risk screening [3][6] Group 3: Focus Areas for Impact Investing - Expected focus areas for impact investing in Japan include climate, healthcare, wellbeing, and inclusivity, as indicated by Masato Nakamura from GLIN Impact Capital [6] - The initial application of impact strategies is anticipated to be in listed equities [6]