Hecla Mining 2025 Q2 Earnings Net Income Surges 107%

Hecla Mining reported fiscal 2025 Q2 earnings on August 6, 2025, delivering strong financial results with a significant jump in net income and revenue growth. The company exceeded expectations with robust top-line and bottom-line performance, driven by solid production across key operations. No guidance adjustments were provided, but management remains confident in its ability to meet 2025 targets.

Revenue
Total revenue for the quarter surged 23.8% to $304.03 million, compared to $245.66 million in the same period of the prior year. Greens Creek was the top contributor, generating $122 million, while Casa Berardi added $85.03 million. Lucky Friday contributed $64.27 million in revenue, and Keno Hill accounted for $26.12 million. Additional revenue of $6.60 million came from other operations, rounding out the strong performance across the company’s diverse portfolio.

Earnings/Net Income
Hecla Mining’s earnings per share (EPS) soared 125% to $0.09 in Q2 2025, up from $0.04 in the prior year. Net income also saw a dramatic increase, rising to $57.70 million from $27.87 million, representing 107.1% growth. The company’s strong earnings growth reflects improved operational performance and favorable market conditions.

Price Action
HL shares edged down 1.13% during the latest trading day but posted a 4.80% gain for the most recent full trading week. The stock has declined 0.81% month-to-date.

Post Earnings Price Action Review
A strategy of buying Hecla Mining following the earnings beat and holding for 30 days yielded a negative return of 30.64%, underperforming the benchmark’s 75.81%. The approach was marked by high volatility, with a 20.65% fluctuation rate and a Sharpe ratio of -0.37. Although the maximum drawdown was 0.00%, the results suggest that post-earnings momentum was not favorably aligned with market sentiment.

CEO Commentary
Rob Krcmarov, President and CEO, highlighted record performance in Q2, including $304 million in sales, $103.8 million in free cash flow, and $132.5 million in Adjusted EBITDA. The company reduced net leverage to 0.7x, while operational excellence drove a 10% increase in silver production and a 34% rise in gold production. Krcmarov expressed confidence in the balance sheet strengthening through ATM financing and free cash flow-driven debt repayment, which will reduce annual interest expenses by $17.8 million and enable strategic reinvestment in high-return projects. The CEO emphasized disciplined capital allocation and portfolio optimization as key strategic priorities.

Guidance
While no explicit quantitative guidance was provided, the CEO affirmed operational performance and execution capability as the foundation for sustained growth and profitability.

Additional News
Hecla Mining announced plans to advance Keno Hill’s permitting process and optimize non-core assets as part of its broader portfolio optimization strategy. The company is also implementing enterprise systems to enhance profitability and operational efficiency. Additionally, Casa Berardi is undergoing a strategic review, with management expressing confidence in the potential for value creation. No major C-level changes or dividend announcements were reported in the past three weeks, but the focus remains on balance sheet strength and strategic reinvestment in high-impact projects.