Hecla Mining's Q3 revenue rises 18%, beats estimates
Overview
US silver miner's Q3 revenue rose 18% quarter-over-quarter
Net income from continuing operations rose to $150 mln from $118 mln in Q2
Free cash flow nearly tripled year-over-year to a record $151 mln
Outlook
Hecla sees 2026 consolidated silver production at 15.3-16.1 mln oz, raising low end from prior outlook
Company improves 2026 total silver cash cost guidance to ($4.75)-($4.25)/oz and AISC to $11.50-$12.50/oz
Hecla lowers 2026 total capital investment guidance to $198-$214 mln from $208-$223 mln
Result Drivers
SALES TIMING - Higher revenue and silver sales volumes were mainly driven by the timing of shipments at Greens Creek
KENO HILL OUTPUT - Record tons milled and higher silver grades at Keno Hill boosted production
MARKETABLE SECURITIES GAINS - Income from continuing operations benefited from realized and unrealized gains on marketable securities
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $394.82 mln | $340 mln (1 Analyst) |
Q3 Net Income | $149.60 mln | ||
Q3 Adjusted EBITDA | Beat | $211.47 mln | $190.45 mln (2 Analysts) |
Q3 Free Cash Flow | $151.24 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the non-gold precious metals & minerals peer group is "buy"
Wall Street's median 12-month price target for Hecla Mining Co is $21.00, about 59% above its November 3 closing price of $13.21
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 14 three months ago
Reuters Recommended Reads
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)