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Hecla Mining's Q1 Adjusted Earnings Flat, Revenue Declines
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Hecla Mining's Q1 Adjusted Earnings Flat, Revenue Declines
May 9, 2024 2:49 AM

05:28 AM EDT, 05/09/2024 (MT Newswires) -- Hecla Mining Company ( HL ) posted Q1 adjusted earnings Wednesday of $0.01 per basic share, unchanged from a year earlier.

Analysts polled by Capital IQ expected a loss of $0.01.

Revenue for the quarter ended March 31 was $189.5 million, compared with $199.5 million a year earlier.

Four analysts surveyed by Capital IQ expected $188.1 million.

The company said it expects 2024 capital expenditures of $190 million to $210 million.

Meanwhile, the board maintained a quarterly cash dividend of $0.00625 per share, payable around June 11 to stockholders of record on May 24.

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