Movement Alert｜Hecla Mining Overnight Rise 5.83%, Q3 earnings beat estimates and silver output outlook was raised

Market Focus11-04 14:07

On November 4, Hecla Mining recorded an Overnight rise of 5.83%, trading at $13.98 per share, with turnover of $85.6 thousand.

The move followed a quarterly report that exceeded market expectations, with management also lifting the low end of its full-year silver production outlook.

For the quarter, Hecla Mining reported GAAP EPS of $0.22, above the $0.16 consensus estimate, while revenue reached $394.8 million, ahead of the $340.0 million expectation. Adjusted EBITDA from continuing operations was $211 million, up 6% from the prior quarter. The company raised expected consolidated silver production to 15.3 million-16.1 million ounces from 15.1 million-16.1 million ounces previously, while reaffirming Greens Creek gold output guidance of 51,000-55,000 ounces and Greens Creek silver production of 8.0 million-8.3 million ounces.

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