Overview

* Hecla Q2 revenue rises 16%, beating analyst expectations, per LSEG data

* Adjusted EBITDA for Q2 beats consensus, setting a record

* Co announces partial redemption of $212 mln senior notes, funded by ATM proceeds

Outlook

* Company maintains Lucky Friday silver production guidance at 4.7-5.1 mln ounces

* Hecla revises Greens Creek gold production guidance to 50-55 thousand ounces

* Company expects Greens Creek cash cost per silver ounce to be ($6.25)-($5.00)

Result Drivers

* RECORD REVENUE - Driven by higher realized prices for precious metals and increased production volumes

* INCREASED PRODUCTION - Silver and gold production rose by 10% and 34% respectively, compared to prior quarter

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $304.03 $253.60

Revenue mln mln (3

Analysts

)

Q2 Net $57.57

Income mln

Q2 Beat $132.46 $78.30

Adjusted mln mln (3

EBITDA Analysts

)

Q2 Free $103.75

Cash mln

Flow

Q2 Gross $119.52

Profit mln

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 5 "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 ( HL ) is $7.00, about 12.3% above its August 5 closing price of $6.14

* The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 21 three months ago

Press Release:

(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.)