Hecla Mining pany(US:HL)2024-08-07 13:02Financial Performance - Hecla Mining Company achieved record revenues and free cash flow generation of $283 million in Q2 2024[8, 11] - The company experienced a $251 million reduction in net debt, reflecting a deleveraging focus[8, 10] - The realized silver price in Q2 2024 was $2977 per ounce, leading to an increased silver-linked dividend payout to $001 per share[10] - The company's net leverage ratio improved by 15% from Q1 2024 to Q2 2024, reaching 23x[10, 35] - Adjusted EBITDA for Q2 2024 was $242752 million[35] Production and Operations - Projected silver production growth of 19% to 17 million ounces in 2024, and a 40% increase to 20 million ounces by 2026 compared to 2023[8] - Lucky Friday achieved record silver production and throughput at 1181 tons per day[16] - Greens Creek's average throughput was 2481 tons per day, with silver grades of 126 ounces per ton[15] - Keno Hill's throughput increased to 406 tons per day[21] Guidance and Outlook - The company expects to receive approximately $50 million in insurance proceeds in 2024[3, 16] - Lucky Friday silver production is expected to reach 5 million ounces in 2024[3, 16, 18] - The company anticipates increasing silver demand for solar in 2024 by 40 million ounces, a 20% increase over 2023[30]