HECLA MINING Reports 24.3% Increase in Revenue to USD 181.9 Million in Q3 FY2023
December 13, 2023
☀️Earnings Overview
HECLA MINING ($NYSE:HL) reported their earnings results for the third quarter of FY2023 on September 30th 2023, showing total revenue increasing by 24.3% from the same period of the previous year to USD 181.9 million. Their net income was USD -22.4 million which was a slight decrease from -23.5 million reported in the same quarter of the prior year.
Analysis
GoodWhale has conducted an analysis of HECLA MINING to evaluate their wellbeing. According to the Star Chart, HECLA MINING is classified as a ‘cow’, a type of company that has a track record of paying out consistent and sustainable dividends. This makes it a good option for investors looking for reliable dividend payments. HECLA MINING also scores highly in terms of health, receiving a score of 7/10 from GoodWhale’s assessment. This is due to its strong cash flows and debt management, which ensure that the company is able to pay off its debts and fund future operations. HECLA MINING is strongest in terms of dividends, with a medium rating in asset management, profitability, and growth. This makes it an attractive option for investors who are looking for steady returns and stability, rather than rapid growth. The company also offers medium ratings in terms of asset management and profitability, making it a reliable option for investors who are looking for consistent returns. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Hecla Mining. More…
| Total Revenues | Net Income | Net Margin |
| 753.89 | -46.29 | 0.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Hecla Mining. More…
| Operations | Investing | Financing |
| 110.73 | -222.44 | 67.03 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Hecla Mining. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.96k | 983.39 | 3.25 |
Key Ratios Snapshot
Some of the financial key ratios for Hecla Mining are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 1.2% | -5.5% | -0.1% |
| FCF Margin | ROE | ROA |
| -14.1% | -0.0% | -0.0% |
Peers
The company was founded in 1891 and is one of the oldest continuously operating silver mining companies in the world. Hecla Mining Co’s main competitors are SSR Mining Inc, Great Panther Mining Ltd, and First Majestic Silver Corp.
– SSR Mining Inc ($TSX:SSRM)
The company’s market capitalization is $3.71 billion as of 2022, and its return on equity is 6.57%. The company is engaged in the business of mining, exploring and developing mineral properties.
– Great Panther Mining Ltd ($TSX:GPR)
First Majestic Silver Corp is a Canadian precious metals mining company with operations in Mexico. The company has a market capitalization of $2.91 billion as of 2022 and a return on equity of 0.14%. First Majestic Silver Corp is engaged in the exploration, development, and production of silver properties in Mexico. The company’s primary silver mines are the Santa Elena Mine in Sonora, Mexico, and the San Dimas Mine in Durango, Mexico. First Majestic Silver Corp also has interests in the La Encantada Mine in Coahuila, Mexico, and the La Parrilla Mine in Durango, Mexico.
Summary
HECLA MINING has delivered impressive financial results for the third quarter of FY2023, with total revenue increasing by 24.3% year-over-year to USD 181.9 million. Despite a net income of USD -22.4 million, it was significantly lower than the same quarter of the previous year. This indicates that the company is making progress in improving their financial health. Investors should watch out for HECLA MINING’s further progress, as their earnings report suggest that the company is on track to improve their financial performance in the near future.
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