Now, I reckon there’s a sight of fuss being made over this Hecla Mining company (HL +5.46%). Shares took a jump this mornin’, a good ten percent, after folks had a look at their earnings. Silver prices, you see, had a bit of a spree last year, a right lively dance, but things have settled down some. Still, a body can’t help but notice when a company starts lookin’ like a proper moneymaker, and Hecla, bless their efforts, seems to be doin’ just that.
If you’re one of them silver bulls – and there’s a good many of ’em these days, what with all this talk of newfangled AI contraptions and their appetite for the stuff – then Hecla’s report might just tickle your fancy. Investors, they saw a chance, and they took it, a right stampede, if you will.
Hecla Mining Stakes Its Claim
The fourth quarter, it capped off a year that was mighty good to Hecla. They hauled in over $1.4 billion in revenue, a 53% increase from the year before. Not a bad haul, not bad at all. They turned that into $321 million in net income, which then blossomed into $310 million in free cash flow. Every one of their four mines, mind you, was spittin’ out cash. A rare sight, that, in these times.
This cash, it didn’t just sit there gatherin’ dust. They used it to whittle down their debt, a considerable feat. Started the year with $524 million in debt, ended it with a mere $34 million, and a tidy $242 million in cash. Gives ’em room to maneuver, to invest in these silver assets, and that, my friends, is what a sensible investor likes to see.
Sell the Gold, Bet on Silver
Now, here’s a curious bit. Management, they went and sold off the Casa Berardi gold mine for up to $593 million. A bold move, some might say. But it seems they’re puttin’ all their eggs in the silver basket, and why not? They reckon they’ll be gettin’ 73% of their revenue from silver now, and they plan to double their exploration spending to $55 million in 2026. That’s a commitment, that is.
This balance sheet improvement, coupled with their focus on silver, makes ’em an attractive prospect for those who believe in the metal. Seems they’re aimin’ to ride this silver wave, and a body can’t fault ’em for that. It’s a shrewd play, and one that might just fill their coffers even more. A fella could do worse than take a look at this company, that’s for certain.
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2026-02-18 21:22