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Don Durrett - goldstockdata.com @DonDurrett on x 60K followers
Created: 2025-05-01 23:14:30 UTC
Hecla Mining: Q1 results. Net income of $28M, but reported negative FCF. Revenue $261M. Operating costs $187M. Ouch. That is 72%. Plus, they have $568M in debt and only about $25M in cash.
To make matters worse, their gold cash costs are around $2000 with a $2300 AISC. Production in Q1 was 4.1M oz AG and 34K oz AU. Guidance for costs rose, but at least production guidance remained the same.
Their numbers are ugly, but they should survive until silver prices save them.
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