Movement Alert｜Hecla Mining Pre-Market Rise 5.75%, Q3 Earnings Beat Estimates and Silver Output Outlook Was Raised

Market Focus11-04 17:03

On November 4, Hecla Mining rose 5.75% in Pre-Market Trading, trading at $14.1 per share, with turnover of $363,500.

The move followed quarterly results that topped market expectations and an increase in the company’s full-year consolidated silver production outlook.

For the third quarter, Hecla Mining reported GAAP EPS from continuing operations of $0.22, above the $0.16 consensus and up from $0.13 a year earlier, while revenue rose to $394.8 million from $316.0 million and exceeded expectations near $340.1 million. Adjusted EBITDA from continuing operations reached $211 million, up 6% sequentially. The company also lifted its consolidated silver production guidance to 15.3 million-16.1 million ounces from 15.1 million-16.1 million ounces, indicating improved core operating output.

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