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Hecla Mining pany(HL) - 2025 Q1 - Earnings Call Transcript
2025-05-02 14:00
Financial Data and Key Metrics Changes - The company reported record quarterly revenues of $261 million, with adjusted EBITDA exceeding $90 million, driven by higher metal prices and solid contributions from all operating mines [12][17] - The net leverage ratio improved from 2.7 times to 1.5 times, and the cash position improved to approximately $20 million [13][14] - Silver margins increased from 54% in 2024 to 65% in the current quarter [17] Business Line Data and Key Metrics Changes - Greens Creek produced 2 million ounces of silver, with a 10% increase in silver grade, and cash costs were significantly better than annual guidance [18] - Lucky Friday achieved a quarterly milling record of almost 109,000 tons, producing 1.3 million ounces of silver, but faced cost pressures with cash costs at $9.37 per ounce [20] - Keno Hill produced over 770,000 ounces of silver and delivered its first profitable quarter under Hecla's ownership [22] Market Data and Key Metrics Changes - 45% of revenue came from silver, 33% from gold, and 22% from base metals, benefiting from improved gold prices [17] - The company remains committed to silver market leadership as the largest producer in the U.S. and Canada [9] Company Strategy and Development Direction - The company’s strategy is built on four pillars: operational excellence, portfolio optimization, financial discipline, and silver market leadership [6][8] - A disciplined acquisition strategy is being developed, focusing on maintaining a strong silver revenue mix while considering gold opportunities [11][12] - The company is committed to environmental stewardship and community partnerships, ensuring leadership in ESG practices [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's promising future, emphasizing the importance of operational excellence and cost control [6][10] - The company is focused on generating strong free cash flow while deleveraging and enhancing financial flexibility [29] - There are ongoing strategic reviews for Casa Berardi, with potential options including outright disposal or joint ventures [15][90] Other Important Information - The company is investing over $3.3 million in a targeted exploration program in Nevada, focusing on high-grade properties [27] - The Libbey exploration project has secured a significant milestone for federal permitting, which can streamline approvals [11] Q&A Session Summary Question: Impact of tariffs on operations - Management noted that while there may be higher costs for materials like rebar and steel due to tariffs, they have not experienced significant delays in parts availability [34][39] Question: Turbine repair downtime at Yukon Energy Corporation - The turbine repair is expected to last six days in August, with an estimated impact of losing 90,000 ounces of silver during that period [44][45] Question: Keno Hill's production capacity and permitting - Management indicated that achieving a sustainable mining rate of 600 tons per day will take time and is contingent on obtaining necessary permits [49][102] Question: Updates on Casa Berardi's strategic review - The company is exploring various strategic alternatives for Casa Berardi, including potential sales or joint ventures, with an update expected in Q2 [90][95] Question: Labor cost increases at Lucky Friday - Labor costs have risen due to increased use of contractors and profit-sharing programs linked to strong performance [80][82]
Aya Gold & Silver Provides Notice of First Quarter 2025 Results and Conference Call
Globenewswire· 2025-05-02 11:00
MONTREAL, May 02, 2025 (GLOBE NEWSWIRE) -- Aya Gold & Silver Inc. (TSX: AYA; OTCQX: AYASF) (“Aya” or the “Corporation”) plans to release its first quarter 2025 results on Tuesday, May 13, 2025 before market opens. Senior management will host a conference call on the same day at 10 a.m. Eastern Time to discuss the Corporation’s financial and operational results. Participants may join the conference call via webcast or by dialing-in as follows: Webcast link: https://edge.media-server.com/mmc/p/48g2kxgq Instru ...
INTEGRA ANNOUNCES INCLUSION IN THE SOLACTIVE GLOBAL SILVER MINERS TOTAL RETURN INDEX
Prnewswire· 2025-05-01 20:00
Core Viewpoint - Integra Resources Corp. has been included in the Solactive Global Silver Miners Total Return Index, effective May 1, 2025, marking a significant milestone for the company and enhancing its profile in capital markets [1][2]. Company Overview - Integra Resources is a growing precious metals producer located in the Great Basin of the Western United States, focusing on profitability and operational excellence at its Florida Canyon Mine in Nevada [3]. - The company is also advancing its development-stage heap leach projects, including the DeLamar Project in Idaho and the Nevada North Project in Nevada [3]. - Integra aims to create sustainable value through efficient project development, disciplined capital allocation, and strategic mergers and acquisitions while adhering to high environmental, social, and governance standards [3]. Market Impact - The inclusion in the Solactive Global Silver Miners Total Return Index is expected to enhance trading liquidity and attract a broader range of institutional and retail investors [2].
Rio Silver completes Definitive Agreement for the sale of Ninobamba, announces planned restructuring
Globenewswire· 2025-05-01 13:00
VANCOUVER, British Columbia, May 01, 2025 (GLOBE NEWSWIRE) -- Rio Silver Inc. (“Rio Silver” or the “Company”) (TSX.V: RYO) (OTC: RYOOF), announces that it has completed a definitive agreement (the “Option Agreement”) with Magma Silver Corp. (TSX.V: MGMA) (“Magma Silver”) for the sale (the “Transaction”) of the Niñobamba Au-Ag property (“Niñobamba” or the “Project”). Under the terms of the Option Agreement, Magma Silver has the right to earn a 100% interest in the Project upon full exercise of the option. Th ...
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Endeavour Silver Corp. - EXK
GlobeNewswire News Room· 2025-04-25 17:14
NEW YORK, April 25, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of  Endeavour Silver Corp. (“Endeavour” or the “Company”) (NYSE: EXK).  Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. The investigation concerns whether Endeavour and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  [Click here for information about joining the class action] On Apr ...
Endeavour Silver (EXK) Upgraded to Buy: What Does It Mean for the Stock?
ZACKS· 2025-04-25 17:00
Endeavour Silver (EXK) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Individual in ...
Masivo Announces Drill Program at Cerro Colorado
Newsfile· 2025-04-24 13:30
Vancouver, British Columbia--(Newsfile Corp. - April 24, 2025) - Masivo Silver Corp. (TSXV: MASS) (OTC Pink: GNYPF) ("Masivo" or the "Company") is pleased to announce the completion of its strategic drill target program design at the Cerro Colorado property, located in Sonora, Mexico. An eight-hole, 1,300-meter drill program was designed by Senior Mexican Geologist Jorge Rafael Gallardo, with guidance from P.Geo Brian Brewer and P.Geo Mark Bailey. CEO David Coburn commented: "We're thrilled to launch our hi ...
Aya Gold & Silver Announces Appointment of John Burzynski to the Board and Departure of Nikolaos Sofronis
Globenewswire· 2025-04-14 11:00
Mr. Burzynski holds over 35 years of mining industry experience and was a founding member of Osisko Mining Corporation, where he served as Vice President Exploration and then Vice President Corporate Development. He was instrumental in the development, construction and successful operation of the Canadian Malartic Mine, one of Canada's, and the world's, largest gold operations. Most recently, he led Osisko Mining Inc. as Chairman and Chief Executive Officer through the Windfall Gold Project's discovery and ...
Bayhorse Silver Receives Final Bayhorse Silver Mine IP Survey Results, Extends Bayhorse Potential Mineralized Zone To Over 600 M, Identifies First IP Drill Target
Newsfile· 2025-03-31 13:29
Bayhorse Silver Receives Final Bayhorse Silver Mine IP Survey Results, Extends Bayhorse Potential Mineralized Zone To Over 600 M, Identifies First IP Drill Target March 31, 2025 9:29 AM EDT | Source: Bayhorse Silver Inc. To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/5015/246716_3e460840e42b6900_001full.jpg Bayhorse CEO Graeme O'Neill comments that, "the close proximity of the three new IP targets on strike east of the historic Sunshine, Junction and Big Dog ...
Aya Gold & Silver Reports Q4 and Full Year 2024 Results; Announces 2025 Production and Cost Guidance
Globenewswire· 2025-03-28 11:00
MONTREAL, March 28, 2025 (GLOBE NEWSWIRE) -- Aya Gold & Silver Inc. (TSX: AYA; OTCQX: AYASF) (“Aya” or the “Corporation”) today announced financial and operational results for the fourth quarter and full year ended December 31, 2024. All amounts are in US dollars, unless otherwise stated. Full Year 2024 Highlights Silver produced totaled 1,646,265 ounces (“oz”) in 2024 compared to 1,970,646 oz in 2023, is in line with revised guidance of 1.6 to 1.8 million (“M”) silver (“Ag”) oz.Ore processed increased 27% ...