Have you ever wondered what life was like before we had Google Maps in our pocket? We used to hop on the computer, type in an address, and print out line by line instructions on how to get to where we had to go. We had to plan ahead. And then we'd get into the car, and then we would just hope that we wouldn't miss a turn. And if we did, curiosity became our compass. We'd have to explore. We'd have to discover our way back. Some of us would take out a map, try to figure out exactly where we are. Others would ...

made it to Antarctica. >> American explorer Colin O'By tonight on the ground in Antarctica. >> You know, it's pretty bare bones and gorgeous.>> Making final preparations to do something he says no human has ever done. Crossing the entire continent from ice shelf to ice shelf, solo and unsupported. >> I'm really curious if I can go back and push myself not just farther in distance than I went last time, but actually sort of in a spiritual context, mind, body, soul.To me, there's no better proving ground for ...

Financial Data and Key Metrics Changes - The company reported revenue of $114 million for Q3 2025, a 17% increase from $97 million in Q2 2025, driven by higher production and improved gold prices [4][13] - Gold production reached just over 32,000 ounces in Q3, up 7% from 30,000 ounces in Q2, attributed to higher grades and increased throughput [4][11] - The company ended the quarter with $116 million in cash and cash equivalents, showing a slight improvement from Q2 [4][14] - All-in sustaining costs (AISC) remained consistent at $22.83 per ounce, but guidance for the year was increased to between $2,200 and $2,300 per ounce due to production shortfalls [14][16] Business Line Data and Key Metrics Changes - Production from the Abora site increased significantly, with a 57% rise in ore mined compared to the previous quarter, while Asasi mining was temporarily impacted by an incident [8][9] - Encran stripping increased by 111% compared to Q2, with development capital costs for pre-stripping totaling $12 million in Q3 [10][14] - The secondary crusher's commissioning led to a 13% increase in milling rates compared to Q2, contributing to improved gold production [11][18] Market Data and Key Metrics Changes - The average gold price for the quarter was just over $3,500 per ounce, positively impacting revenue despite a net loss before taxes of $5 million due to fair value adjustments to the hedge book [13][14] - The company has paid $12 million in tax installments to the Ghanaian government, marking the first tax expense since exhausting previous tax losses [13][14] Company Strategy and Development Direction - The company aims to continue investing in operations, particularly accelerating stripping at Encran in 2026, while maintaining a strong focus on exploration [4][14] - The exploration program at Abora has been expanded, with an additional 10,000 meters of drilling planned for completion by the end of the year [21][25] - The company is positioned as Ghana's largest single-asset gold producer, with a robust production outlook supported by strong financial discipline [26][27] Management's Comments on Operating Environment and Future Outlook - Management acknowledged that Q3 results fell slightly below expectations due to the incident at Asasi but noted continued positive momentum in operational metrics [26] - The company remains optimistic about exploration success at Abora and the potential for organic growth [26][27] - Management emphasized the importance of maintaining strong community relations to prevent future disruptions [63] Other Important Information - The company is in discussions to implement a $75 million revolving credit facility to enhance its balance sheet for general working capital [18] - The incident at Asasi involved illegal miners and resulted in damage to mining equipment, but operations have since resumed [5][6] Q&A Session Summary Question: Can you walk us through the longer-term impacts of the improvements made to the circuit? - Management indicated that improved grades and recoveries are expected to be maintained into next year, with ongoing optimizations to the secondary crushing circuit [29][32] Question: What is needed to start underground mining related to costs and permitting? - The first step is to define the underground resource at Abora, with expectations for clarity in early next year [35][36] Question: Can you clarify the production from Abora and Asasi? - Management confirmed that more tonnage is being mined at lower grades, but overall ounces remain consistent due to mining methodology [40][41] Question: What are the stockpile levels at the end of Q3? - Stockpile levels were approximately 500,000 tons, with grades consistent with what has been processed [45][47] Question: What is the status of the Ghana audit? - The site audit is scheduled for January next year, with no specific requests for pre-documentation received yet [48][49] Question: How has community relations evolved since the incident? - Management reported that relationships have been maintained and operations resumed shortly after the incident [53] Question: How can unit costs be modeled as volumes increase? - Unit costs are expected to decrease as fixed costs are spread over increased volumes, with modest reductions anticipated [54][55] Question: What is the expected tax range for this year? - The estimated tax range for the year is between $20 million and $30 million, with a 35% effective tax rate for future calculations [56][58] Question: Why implement a revolving credit facility now? - The facility is seen as prudent balance sheet management to provide flexibility [59]

Financial Data and Key Metrics Changes - Hecla Mining Company reported record revenues of $410 million for Q3 2025, with net income of $101 million and adjusted EBITDA of $196 million, indicating strong operational performance [5][6][8] - The net leverage ratio improved significantly from 1.8 times last year to 0.3 times in Q3 2025, representing an 83% reduction [6][8] - Operating cash flow generated was $148 million, with consolidated free cash flow at $90 million [6][9] Business Line Data and Key Metrics Changes - Silver production reached 4.6 million ounces, a 2% increase from the previous quarter, with cash costs at negative $2.03 per ounce and all-in sustaining costs at $11.01 [7][8] - Greens Creek produced 2.3 million ounces of silver, with sales of $178 million, up 46% from the last quarter [14] - Lucky Friday's silver production was 1.3 million ounces, with free cash flow nearly tripling to $13.5 million [15] - Keno Hill achieved silver production of nearly 900,000 ounces, generating $8.3 million in free cash flow [16] - Casa Berardi produced 25,000 ounces of gold, with cash costs of $1,582 per ounce [17] Market Data and Key Metrics Changes - Silver revenue accounted for 48% of total mine site revenues, followed by gold at 37% [8] - Silver margins remained robust at $31.57 per ounce, representing 74% of the realized price of silver [8] Company Strategy and Development Direction - The company is focused on long-term value creation, operational execution, and maintaining financial flexibility to pursue growth opportunities [19][48] - A disciplined capital allocation framework prioritizes safety, sustaining capital, growth capital, exploration, deleveraging, and shareholder returns [10][12] - The company plans to increase exploration investments, particularly in Nevada, targeting 2%-5% of revenues for exploration in 2026 [11][18] Management's Comments on Operating Environment and Future Outlook - Management highlighted the ongoing supply shortages in silver and the favorable market conditions expected to support prices for years [5][6] - The company expressed confidence in its ability to generate substantial free cash flow and maintain operational momentum across all assets [6][48] - The outlook for Keno Hill includes plans for commercial production around 2027, contingent on regulatory approvals [38] Other Important Information - The company has successfully de-risked its balance sheet, eliminating over $15 million in annual interest expense [6][8] - All four producing assets generated positive free cash flow for the second consecutive quarter, demonstrating operational strength [6][9] Q&A Session Summary Question: Inflationary factors affecting asset base - Management noted that labor competition and tariff costs are the main inflationary pressures, but overall impacts have been muted [24][25] Question: Exploration spending and labor costs - Drilling costs have increased due to labor, but assay turnaround times have remained normal [27] Question: Exploration and project updates - The company plans to significantly increase its exploration budget in Nevada and reinitiate dormant projects [32][33] Question: Guidance and production expectations - Management explained that production profiles can vary, and guidance reflects expected performance based on historical data [41][42] Question: Strong price realizations in the quarter - The strong price realizations were attributed to timing of shipments and the use of collars for provisional hedging [43][44]

Financial Data and Key Metrics Changes - The company reported third quarter revenue of $463 million, an increase from the prior year due to higher gold and copper prices and sales volumes [13] - Cash generated from operations before working capital adjustments was $296 million, or $0.37 per share, higher than the prior year period [13] - The company achieved record quarterly free cash flow of $205 million, driven by higher revenue [13] - Net earnings for the quarter were approximately $142 million, or $0.18 per share, primarily due to increased revenues [13][14] - All-in sustaining costs reduced from the second quarter by $425 to $966 per ounce, with an average realized gold price of $3,458 per ounce [5][14] Business Line Data and Key Metrics Changes - New Afton produced approximately 115,200 ounces of gold and 12 million lbs of copper in the quarter, with B3 cave overperforming [5][7] - Rainy River achieved record quarterly production of over 100,000 ounces of gold, a 63% increase over the second quarter, with all-in sustaining costs of $1,043 per ounce [4][10] - New Afton achieved an all-in sustaining cost of negative $595 per ounce after considering copper credits [7] Market Data and Key Metrics Changes - The average realized gold price was $3,458 per ounce, contributing to the increase in revenue [5][13] - The company expects all-in sustaining costs to reduce further through the fourth quarter [5] Company Strategy and Development Direction - The company is focused on increasing production and reducing costs, with a target of ramping up C-Zone to full processing capacity of approximately 16,000 tons per day by early 2026 [6][10] - Exploration initiatives are being advanced, with a significant increase in the exploration budget to $22 million for approximately 63,000 meters of drilling [15][18] - The company aims to generate approximately $1.8 billion of free cash flow over the next three years, with expectations of being at the high end of this projection for 2025 [19][20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued significant growth in gold and copper production over the next two years, with expectations of decreasing unit costs per ounce of gold [19][20] - The company is committed to maintaining a strong balance sheet while investing in exploration and organic opportunities [29] - Management highlighted the importance of safety, with a low total recordable injury frequency rate of 0.61, down from 0.82 in the previous quarter [4][20] Other Important Information - The company repaid a total of $260 million in debt during the quarter, including the full repayment of a $150 million credit facility drawn earlier [6][14] - Significant safety milestones were achieved, with New Afton surpassing 1 million hours and Rainy River surpassing 1.5 million hours worked without a lost time injury [4] Q&A Session Summary Question: Can you provide a breakout of tonnage from the C-Zone and B-Zone? - The B-Zone contributed 4,300 tons per day, while the C-Zone contributed the remainder [24] Question: What are your plans for capital allocation with the free cash flow? - The company takes a disciplined approach to capital allocation, focusing on maintaining a strong balance sheet, investing in exploration, and evaluating capital returns to shareholders [29] Question: What is the expected grade for K-Zone? - The company is still in the drilling phase and will need to update models to determine the total size and grade of K-Zone [33] Question: Can you provide an update on tailings management at Rainy River? - The company is assessing the full potential of K-Zone and is not currently seeing a need for significant investment in the tailings management area [39] Question: What should we expect for Rainy River's performance in Q4? - The company expects continued positive performance in Rainy River, with no significant changes in trajectory [45] Question: How will the drilling results impact the resource update for K-Zone? - The company plans to include all drilling results in the resource update scheduled for January [49]

Societal Trends & Challenges - Society faces a crisis of complacency despite high literacy rates and university attendance [8] - Collective inaction towards climate change, political polarization, and the spread of misinformation are significant problems [8] - Over-reliance on readily available information diminishes the value of learning and exploration [9] - Individuals often present a facade of knowledgeability, hindering genuine inquiry [10] - A feeling of self-assurance stifles curiosity, leading to a lack of in-depth exploration [11] - Introversion is on the rise, with nearly 58% of the world's population considered introverted [17] AI & Technological Impact - AI exacerbates the situation by remixing existing information and presenting it as novel ideas [11] - The rise of automation and reliance on AI chatbots may hinder critical thought [12] - AI's potential to disobey explicit orders raises concerns about its future control and impact [13][14][15] Recommendations & Solutions - Recognizing the dangers of complacency is the first step towards constant questioning and seeking more [22] - Contentment with uncertainty is crucial for experiencing novelty and spontaneity [22][23] - Asking questions and refusing to take anything for granted are essential for seeing past distortions and misinformation [25][26]

Okay. So, um I had a big plan of what I'm going to say, but I just changed sort of a lot of things in my mind of what I want to share with you because I see a lot of you know great stories. So I think what I can share with you today it it's still designing your life but I want to share the story of my life which is not um I think people can reflect if you can you can share with your friends not a typical I mean probably typical but not shared out really in in space.So I'm very um honored and very happy. So ...

Inspiration & Passion - The speaker's childhood passion for adventure books and atlases fueled a desire for exploration, leading to a career as a nature photographer [1] - The speaker emphasizes the importance of imagination and perseverance in achieving one's dreams [4][7] Travel & Exploration - The speaker has traveled extensively to photograph wildlife and landscapes, including African savannas, American Southwest canyons, Yellowstone National Park, New Zealand fjords, and the Northern Lights [1] - The speaker shares experiences from India's Bandhavgarh National Park, Uganda's Kibale Forest, and Romania, highlighting the challenges and rewards of wildlife photography [2][4] Wildlife Photography & Conservation - The speaker discusses the challenges of photographing elusive animals like tigers, chimpanzees, and lynx, emphasizing the importance of patience, observation, and respect for nature [2][4][5] - The speaker's project "România sălbatică" (Wild Romania) aimed to capture the beauty of Romanian wildlife and promote conservation efforts [6] - The speaker donated 1,000 photography albums to public libraries, environmental NGOs, and schools [6] - The "România sălbatică" documentary film has been viewed by approximately 4,500 children, inspiring them to connect with nature [6][7]

RT Aristocratic Fury (@LandsknechtPike)Why aren't Americans celebrating Amerigo Vespucci more?Your country is literally named after him.He was a brave Italian explorer!The first to realize that the newly discovered lands were actually a continent. Underrated historic figure. https://t.co/a52xxbdBSW ...

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.