Hecla Reports First Quarter 2017 Results

http://ir.hecla-mining.com/file/Index?KeyFile=2000463951

COEUR D’ALENE, Idaho–(BUSINESS WIRE)– Hecla Mining Company (NYSE:HL) (Hecla or the Company) today announced first quarter financial and operating results.

FIRST QUARTER 2017 HIGHLIGHTS

  • Net income applicable to common stockholders of $26.7 million, or $0.07 per basic share.
  • Adjusted net income applicable to common stockholders of $16.7 million, or $0.04 per basic share.1
  • Sales of $142.5 million.
  • Cash provided by operating activities of $38.3 million.
  • Adjusted EBITDA of $53.9 million and net debt/adjusted EBITDA (last 12 months) of 1.1x.2,3
  • Free cash flow of $16.6 million.4
  • Cost of sales and other direct production costs and depreciation, depletion and amortization (“cost of sales”) of $107.6 million.
  • Silver cash cost, after by-product credits, of $0.84 per ounce, the lowest in over five years.5
  • All in sustaining cost (AISC), after by-product credits, of $7.60 per silver ounce.6
  • Cash and cash equivalents and short-term investments of $213.3 million.

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