Precious Metals Production
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HL Stock Surges 62% in 3 Months: Should You Buy the Stock Now?
ZACKS· 2026-02-10 17:21
Core Insights - Hecla Mining Company's (HL) shares have increased by 62% over the past three months, underperforming the industry but outperforming the S&P 500 [1] - The company's peers, Avino Silver & Gold Mines Ltd. (ASM) and First Majestic Silver Corp. (AG), have seen gains of 134.4% and 98.9%, respectively, during the same period [1] Stock Performance - HL closed at $23.94, below its 52-week high of $34.17 and significantly above its 52-week low of $4.46 [4] - The stock is trading above both its 50-day and 200-day moving averages, indicating strong upward momentum [4] Production and Financial Performance - In 2025, HL's silver output increased by 5% to 17.0 million ounces, driven by core assets like Greens Creek, Lucky Friday, and Keno Hill [9][10] - The company reported Q3 2025 revenues of $409.5 million, a 35% increase sequentially, supported by higher metal prices and increased sales volumes [15] - Operating cash flow for Q3 was $148 million, with free cash flow around $90 million, contributing to a reduction in net leverage from 0.7x to 0.3x [15] Cost and Operational Challenges - Hecla Mining reported an increase in all-in-sustaining costs (AISC) for silver to $11.01 per ounce in Q3, up from $5.19 in the previous quarter, due to higher labor costs and increased capital spending [16] - The company operates in a competitive silver mining market, facing challenges from major players like Avino Silver and First Majestic [17] Strategic Moves - In January 2026, HL agreed to sell the Casa Berardi operation for up to $593 million, aiming to focus on premier silver assets and strengthen its financial position [13] - The Polaris Exploration Project has received approval for exploration activities in 2026, and early drilling at the Midas Project has shown promising results [14] Valuation and Market Position - Hecla Mining's trailing price-to-earnings ratio is 37.98X, compared to the industry average of 19.84X, with peers trading at 30.18X and 61.31X [21] - The Zacks Consensus Estimate for HL's bottom line for 2026 has increased by 56.1% in the past 60 days, indicating positive market sentiment [19] Conclusion - Strong performance from key mines and ongoing exploration projects position Hecla Mining for sustained growth, despite rising costs [22] - The company's improved liquidity and balance sheet suggest it may be an attractive option for potential investors [22]
Coeur to Present at TD Cowen's 17th Annual Global Mining Conference
Businesswire· 2026-01-21 21:30
th The TD Cowen 17 Annual Global Mining Conference is an invitation-only investment conference. Presentation materials will be made available on the Company's website at www.coeur.com. th About Coeur CHICAGO--(BUSINESS WIRE)--Coeur Mining, Inc.'s ("Coeur†or the "Company†) (NYSE: CDE) Chairman, President and Chief Executive Officer, Mitchell J. Krebs, will present at TD Cowen's 17 Annual Global Mining Conference in Toronto, Ontario on Thursday, January 29, 2026 at 2:20 p.m. Eastern Time. Coeur Mining, Inc. ...
Aya Gold & Silver Inc. (OTC:AYASF) Earnings Report Highlights
Financial Modeling Prep· 2025-11-12 03:00
Earnings per share (EPS) of $0.09, slightly below the estimated $0.0904.Record revenue of $54.34 million, surpassing estimates due to high silver production and sales.Significant production increase with 1.35 million ounces of silver, marking a 278% year-over-year growth.Aya Gold & Silver Inc. (OTC:AYASF) is a mining company focused on the exploration and production of precious metals, primarily silver. The company operates the Zgounder Silver Mine in Morocco, which has been a significant contributor to its ...
G Mining Ventures Reports Strong Q2 2025 Results
Prnewswire· 2025-08-14 21:11
Core Insights - GMIN achieved nameplate throughput at the Tocantinzinho (TZ) processing plant and reported significant increases in gold production and free cash flow during Q2 2025, generating over $60 million in free cash flow [1][6][9] - The company is advancing its growth pipeline with the completion of the Oko West Feasibility Study and resolution of permitting issues at the Gurupi Project, indicating a clear path for future development [1][6][19] Operational Performance - Gold production for Q2 2025 was 42,587 ounces, a 20% increase from the previous quarter, with an average gold recovery rate of 90.3% [6][15] - The average plant throughput was 11,107 tonnes per day, achieving 86% of nameplate capacity, and the strip ratio was reported at 1.64 [3][15] - The company sold 40,082 ounces of gold, generating $129.6 million in revenue at an average realized gold price of $3,233 per ounce [8][9] Financial Results - GMIN reported a net income of $48.6 million for Q2 2025, compared to a loss of $5.3 million in Q2 2024, with adjusted net income of $36.5 million [5][10] - EBITDA for the quarter was $104.3 million, reflecting strong operational performance and cost discipline [5][10] - The cash balance at the end of Q2 2025 was $156.1 million, an increase of $7 million from the previous quarter, supporting the company's self-funded growth strategy [7][23] Development Updates - Early works at the Oko West project are progressing, with $63 million spent year to date and detailed engineering 19% complete [6][14] - The Gurupi Project received a favorable court ruling, allowing GMIN to restart the permitting process and advance exploration activities [19][21] ESG and Sustainability - GMIN published its 2024 ESG report, highlighting achievements in reforestation and stakeholder engagement, with plans to expand these efforts in H2 2025 [22][27] - The company reported a Total Recordable Injury Frequency Rate (TRIFR) of 0.08 over 2.5 million hours worked, indicating a strong safety record [27] 2025 Outlook - GMIN reaffirms its full-year production guidance of 175,000 to 200,000 ounces of gold, with expectations of being at the lower end of this range [25] - AISC guidance has been adjusted to $1,025 to $1,155 per ounce sold due to increased costs from new legislation [26]
Coeur Mining(CDE) - 2025 Q2 - Earnings Call Transcript
2025-08-07 16:00
Financial Data and Key Metrics Changes - Free cash flow reached $146 million, enabling the repayment of the remaining balance on a revolving credit facility and funding initial share repurchases, resulting in a higher cash balance at quarter end [3][17] - Adjusted EBITDA is updated to over $800 million for the full year, with free cash flow expected to exceed $400 million [3][17] - Consolidated gold and silver production increased by 2527% respectively compared to the last quarter, totaling 108,000 ounces of gold and 4.7 million ounces of silver [5][6] - Total adjusted cash per ounce for gold and silver decreased by 56% respectively compared to the last quarter [5] Business Line Data and Key Metrics Changes - At Los Chispas, silver production reached nearly 1.5 million ounces and gold production added 16,000 ounces, both exceeding annual guidance levels [6] - Palmarejo generated $42 million of free cash flow, driven by gold and silver production increases of 186% respectively compared to the first quarter [6] - Rochester saw silver and gold production increase by 137% respectively compared to the prior quarter and by 5079% compared to last year's second quarter [7] - Kensington achieved a 17% quarter-over-quarter production increase, generating $20 million of free cash flow [8] - Wharf's quarterly gold production increased by 18% to over 24,000 ounces, leading to free cash flow of $38 million [9] Market Data and Key Metrics Changes - The company reaffirmed its overall production and cost guidance for 2025, anticipating a stronger second half of production growth and higher margins [4] - The adjusted EBITDA margin reached 51%, more than double the margin from the same time last year [16] Company Strategy and Development Direction - The company is focused on brownfield exploration potential around existing sites, with a significant increase in land positions around each asset [28] - The exploration program at Los Chispas is delivering promising results, with a focus on extending and infilling known veins [10][11] - The company aims to maintain a six-year mine life at Los Chispas while exploring opportunities for production growth [50] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving a net cash position by year-end, supported by strong cash flow and a solid balance sheet [3][17] - The company anticipates generating second half free cash flow of between $250 million to $300 million based on updated pricing forecasts [18] - Management highlighted the importance of maintaining operational flexibility and efficiency across all sites [58] Other Important Information - The company fully repaid the $110 million balance on its revolving credit facility, a quarter ahead of schedule [17] - Cash and cash equivalents increased by 44% versus Q1 to $112 million [17] - The company is implementing a $75 million share buyback program as part of its return of capital strategy [17] Q&A Session Summary Question: Is there an opportunity to accelerate Silvertip into a development project? - Management indicated a five-year timeframe for Silvertip but noted potential to shorten it due to supportive measures for critical minerals projects in Canada [26][27] Question: What are the biggest items to drive production growth? - Management emphasized brownfield exploration potential across existing sites, with significant opportunities at Wharf, Palmarejo, Kensington, and Las Chispas [28][29] Question: Clarification on free cash flow and tax implications? - Management confirmed that Mexico will continue to pay quarterly taxes, while the U.S. will maintain a zero tax rate due to net operating losses [35][38] Question: Insights on the share buyback program and Las Chispas exploration? - Management described the buyback program as having both discretionary and non-discretionary components, with plans to increase repurchase activity post-second quarter results [47][48] - Exploration at Las Chispas is focused on high-grade blocks, with positive results expected to support mine life and production growth [50][55]