Commodities
Hecla Mining Stock Surges on Q2 Cash Flow and Silver Output Boost
Hecla Mining Company's stock price rose 5.58% after its Q2 cash flow and silver output surged, boosted by a favorable silver price outlook.
The company's operating cash flow jumped 61% year over year to $175 million, while free cash flow hit $136 million, making Hecla effectively debt-free with nearly $483 million in cash and an undrawn $225 million revolver.
Silver output rose 8% quarter over quarter to 4.2M oz, with Lucky Friday posting record production and site free cash flow; consolidated silver cash cost ran at negative $8.10/oz and AISC at $6.07/oz.