Hecla Mining Reports Record Q2 Revenue of $304mln, 16% Increase YoY.

• Hecla Mining reports Q2 2025 record revenue: $304.0 million, up 16% • Q2 revenue increase attributed to Keno Hill's first positive free cash flow quarter • Lucky Friday sets new milling record • Reported net income applicable to common stockholders: $57.6 million, or $0.09 per share • Net income includes $99.7 million during the last 1 year

Hecla Mining Company (NYSE:HL) announced its second quarter 2025 financial results, highlighting significant improvements in revenue, profitability, and operational performance. The company reported record quarterly revenue of $304.0 million, an increase of 16% compared to the prior quarter [3].

The revenue growth can be attributed to Keno Hill's first positive free cash flow quarter, which contributed significantly to the company's overall financial performance. Additionally, Lucky Friday set a new quarterly milling record, further demonstrating Hecla Mining's operational efficiency [3].

Hecla Mining also reported net income applicable to common stockholders of $57.6 million, or $0.09 per share, for the quarter. Over the last 12 months, the company reported net income of $99.7 million, indicating a strong financial track record [3].

The company's financial highlights include record Adjusted EBITDA of $132.5 million during the quarter, and a net leverage ratio of 0.7x, down from 1.5x in the prior quarter. Hecla Mining also announced the issuance of a notice of partial redemption of $212 million of its outstanding 7.25% Senior Notes due 2028, funded through At-the-Market (ATM) proceeds and repayment at maturity of CAD $50 million Investissement Quebec Notes (IQ Notes) [3].

In terms of production, the company reported 4.5 million ounces of silver and 45,895 ounces of gold, an increase of 10% and 34% respectively, compared to the prior quarter. Silver production costs totaled $127.1 million, with a cash cost per ounce of $5.46 and an All-In Sustaining Cost (AISC) per ounce of $5.19. Gold production costs totaled $50.8 million, with a cash cost per ounce of $1,578 and an AISC per gold ounce of $1,669 [3].

Hecla Mining's strategic priorities for 2025 include strengthening the balance sheet, advancing Keno Hill's permitting, investing in critical infrastructure, and continuing the strategic review of non-core assets. The company is well-positioned to achieve its 2025 guidance and beyond, reflecting its commitment to operational excellence, disciplined capital allocation, and creating long-term shareholder value [3].

References:
[1] https://www.marketbeat.com/earnings/reports/2025-8-6-hecla-mining-stock/
[2] https://seekingalpha.com/news/4480486-hecla-mining-gaap-eps-of-0_09-beats-by-0_03-revenue-of-304_02m-beats-by-46_34m
[3] https://www.marketscreener.com/news/hecla-reports-second-quarter-2025-results-ce7c5ededa89f120