Latest news with #HeclaMiningCompany
Yahoo
21-05-2025
- Business
- Yahoo
Hecla Releases 2024 Sustainability Report
COEUR D'ALENE, Idaho, May 21, 2025--(BUSINESS WIRE)--Hecla Mining Company (NYSE:HL) has released its 2024 Sustainability Report, highlighting the Company's environmental, social and governance (ESG) performance. "Throughout Hecla's storied history, we have distinguished ourselves not only as a preeminent silver producer but as a pioneer in sustainable mining practices," said Rob Krcmarov, President and CEO of Hecla Mining Company. "In 2024, we demonstrated that responsible mining goes hand-in-hand with financial and operational success, achieving our second-highest silver production while maintaining high environmental standards. Our sustainability work, from wildlife protection and environmental monitoring to supporting local communities, is essential to producing the silver that the world needs to power our future. With unwavering commitment to excellence and guided by our values, we continue to create long-term value for all our stakeholders." HIGHLIGHTS OF 2024 SUSTAINABILITY REPORT Over $1 billion direct economic impact to local communities Over 40 thousand hours of safety & health training hours Women comprise 38% of our Board of Directors 38% reduction in Scope 1 & 2 GHG emissions from our 2019 baseline Hecla's subsidiary, Elsa Reclamation and Development Company Ltd. (ERDC), will conduct its largest Yukon reclamation project in 2025, restoring historically mined areas for community benefit. REPORTING FRAMEWORKS Hecla prepared the Sustainability Report with reference to the Global Reporting Initiative (GRI) Standards and benchmarked its performance against the Sustainability Accounting Standards Board (SASB) Metals and Mining standards and against relevant aspects of the Task Force on Climate-Related Financial Disclosures (TCFD). Hecla also reported against the Mining Association of Canada's Towards Sustainable Mining (TSM) framework for its Casa Berardi mine in Quebec, Canada. The full 2024 Sustainability Report, along with the ESG data tables and GRI, SASB, TCFD, and TSM content indices, can be accessed on Hecla's website here. ABOUT HECLA Founded in 1891, Hecla Mining Company (NYSE: HL) is the largest silver producer in the United States and Canada. In addition to operating mines in Alaska, Idaho, and Quebec, Canada, the Company is developing a mine in the Yukon, Canada, and owns a number of exploration and pre-development projects in world-class silver and gold mining districts throughout North America. View source version on Contacts For further information, please contact: Mike ParkinVice President – Strategy and Investor Relations Cheryl TurnerCommunications Coordinator Investor RelationsEmail: hmc-info@ Website: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
21-05-2025
- Business
- Business Wire
Hecla Releases 2024 Sustainability Report
COEUR D'ALENE, Idaho--(BUSINESS WIRE)--Hecla Mining Company (NYSE:HL) has released its 2024 Sustainability Report, highlighting the Company's environmental, social and governance (ESG) performance. "Throughout Hecla's storied history, we have distinguished ourselves not only as a preeminent silver producer but as a pioneer in sustainable mining practices," said Rob Krcmarov, President and CEO of Hecla Mining Company. "In 2024, we demonstrated that responsible mining goes hand-in-hand with financial and operational success, achieving our second-highest silver production while maintaining high environmental standards. Our sustainability work, from wildlife protection and environmental monitoring to supporting local communities, is essential to producing the silver that the world needs to power our future. With unwavering commitment to excellence and guided by our values, we continue to create long-term value for all our stakeholders." HIGHLIGHTS OF 2024 SUSTAINABILITY REPORT Over $1 billion direct economic impact to local communities Over 40 thousand hours of safety & health training hours Women comprise 38% of our Board of Directors 38% reduction in Scope 1 & 2 GHG emissions from our 2019 baseline Hecla's subsidiary, Elsa Reclamation and Development Company Ltd. (ERDC), will conduct its largest Yukon reclamation project in 2025, restoring historically mined areas for community benefit. REPORTING FRAMEWORKS Hecla prepared the Sustainability Report with reference to the Global Reporting Initiative (GRI) Standards and benchmarked its performance against the Sustainability Accounting Standards Board (SASB) Metals and Mining standards and against relevant aspects of the Task Force on Climate-Related Financial Disclosures (TCFD). Hecla also reported against the Mining Association of Canada's Towards Sustainable Mining (TSM) framework for its Casa Berardi mine in Quebec, Canada. The full 2024 Sustainability Report, along with the ESG data tables and GRI, SASB, TCFD, and TSM content indices, can be accessed on Hecla's website here. ABOUT HECLA Founded in 1891, Hecla Mining Company (NYSE: HL) is the largest silver producer in the United States and Canada. In addition to operating mines in Alaska, Idaho, and Quebec, Canada, the Company is developing a mine in the Yukon, Canada, and owns a number of exploration and pre-development projects in world-class silver and gold mining districts throughout North America.
Yahoo
12-05-2025
- Business
- Yahoo
Hecla Mining Company (HL): Among the Best Gold Stocks to Invest In According to Billionaires
We recently compiled a list of the . In this article, we are going to take a look at where Hecla Mining Company (NYSE:HL) stands against the other gold stocks. Within the global metals industry, the gold sector is essential because it offers long-term investors a profitable opportunity as well as a store of value in times of crisis. Gold continues to be one of the most sought-after precious metals in the world due to its historical use as a haven during times of inflation and geopolitical unrest, as well as its growing use in cutting-edge technologies. According to Reuters, gold prices have risen to all-time highs as of March 2025, with spot prices hitting $2,936.38 per ounce and U.S. gold futures topping $2,956.10. Record central bank purchases, growing fears about inflation, and changing global monetary policies have all contributed to the surge, which has made gold a key asset class in an uncertain environment. Demand for gold as a safe haven has increased as a result of increased investor uncertainty brought on by the ongoing trade war between the United States and China, which has resulted in supply chain disruptions and retaliatory tariffs. Gold produced a 43.83% return in 2024, significantly above the 20.89% gain of the whole market. Supported by over-the-counter investments and strategic central bank hoarding, especially in emerging nations like China and India, the total demand for gold hit a record high of 4,974 metric tons. For the third year in a row, central bank purchases topped 1,000 metric tons, according to the World Gold Council. Gold's appeal is strengthened by this accumulation, which is a part of a larger trend of diversification away from the U.S. currency. The premium that investors are willing to pay in the current inflationary environment is reflected in the 9% increase in overall expenditure on gold jewelry, despite an 11% drop in demand for jewelry due to high costs. Strong demand for investments further supports the market's momentum. Demand for actual bars and coins remained stable at 1,186 metric tons, while ETFs saw no significant withdrawals for the first time since 2020. Due to gold's use in semiconductor and artificial intelligence applications, technology use also increased by 7%. As gold moved from Asian markets like Dubai and Hong Kong to the U.S. due to favorable futures premiums and expected import duties, arbitrage opportunities drove an 80% increase in U.S. Comex inventories since late 2024. Additionally, billionaire investors have increased their attention to the metals industry. According to the 2024 UBS Billionaire Ambitions Report, 40% of affluent investors intend to expand their holdings of gold and other precious metals in the upcoming year. Warren Buffett's conglomerate has chosen mining stocks over actual gold, and Jeff Bezos and Bill Gates have invested $537 million in Africa's rare metals sector. This is part of a larger strategy move toward assets linked to technology and sustainable energy. The fact that eight of the top 100 billionaires in Forbes have made their riches in mining and metals highlights the industry's ongoing profitability. To create our list of the 12 Best Gold Stocks to Invest In According to Billionaires, we examined Insider Monkey's exclusive database of billionaire stock holdings. Based on the largest number of billionaire investors, as of Q4 2024, we have chosen the 12 best gold stocks. We have included the total value of billionaire holdings as a secondary criterion to rank the stocks that have the same number of billionaire holdings. We have also considered the number of hedge funds holding a stake in the respective stocks, as per Insider Monkey's database of Q4 2024. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). Aerial view of a gold mine, with its winding roads and pits. Hecla Mining Company (NYSE:HL) operates in China, Japan, Korea, Canada, and the United States. The company mostly mines doré that contains gold and silver, as well as lead, zinc, and silver. According to Insider Monkey's database, 27 billionaires held stakes in HL worth over $75.1 million. Hecla Mining Company (NYSE:HL) had record revenues of $261 million and record adjusted EBITDA of over $90 million for the first quarter of 2025, which concluded on March 31, 2025. In addition to more than 34,000 ounces of gold, 4.1 million ounces of silver were produced. In the first quarter of 2025, silver margins increased from 54% in 2024 to 65%. Additionally, the company's financial situation improved, as evidenced by a net leverage ratio that dropped from 2.7x to 1.5x annually. Hecla's principal mines operated effectively. With 1.3 million ounces of silver produced and $8.4 million in free cash flow, the Lucky Friday mine set a milling record. With a gross profit of $1 million, the Keno Hill mine, which Hecla owned, produced more than 770,000 ounces of silver and became profitable for the first time. About 20,500 ounces of gold were produced by Casa Berardi, with an emphasis on cost reduction in the second half of 2025. The four pillars of Hecla Mining Company's (NYSE:HL) strategic efforts are financial discipline, portfolio rationalization, operational excellence, and silver market leadership. With a $3.3 million investment aimed at high-grade gold and silver veins, the business is exploring Nevada and moving forward with development at its Keno Hill project. In addition, Hecla intends to develop its Libby project, which has substantial resource potential, and is examining strategic options for Casa Berardi. As the economy improves, Hecla Mining Company (NYSE:HL) is still dedicated to growing its exploration investment and fortifying its balance sheet. Overall HL ranks 11th on our list of the best gold stocks to invest in according to billionaires. While we acknowledge the potential of HL as an investment, our conviction lies in the belief that certain AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than HL but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Business Insider
08-05-2025
- Business
- Business Insider
Analysts Offer Insights on Materials Companies: Hecla Mining Company (HL), Nexa Resources SA (NEXA) and Anglogold Ashanti PLC (AU)
Analysts have been eager to weigh in on the Materials sector with new ratings on Hecla Mining Company (HL – Research Report), Nexa Resources SA (NEXA – Research Report) and Anglogold Ashanti PLC (AU – Research Report). Protect Your Portfolio Against Market Uncertainty Hecla Mining Company (HL) In a report issued on May 5, Michael Siperco from RBC Capital maintained a Buy rating on Hecla Mining Company, with a price target of $6.00. The company's shares closed last Wednesday at $4.88, close to its 52-week low of $4.41. According to Siperco is a 5-star analyst with an average return of 17.3% and a 59.0% success rate. Siperco covers the Basic Materials sector, focusing on stocks such as Novagold Resources New, Torex Gold Resources, and Pan American Silver. Hecla Mining Company has an analyst consensus of Moderate Buy, with a price target consensus of $6.75, representing a 39.2% upside. In a report issued on May 2, Roth MKM also maintained a Buy rating on the stock with a $6.00 price target. Nexa Resources SA (NEXA) RBC Capital analyst Sam Crittenden maintained a Hold rating on Nexa Resources SA yesterday and set a price target of $8.00. The company's shares closed last Wednesday at $5.15, close to its 52-week low of $5.04. According to Crittenden is a 5-star analyst with an average return of 16.4% and a 54.3% success rate. Crittenden covers the Basic Materials sector, focusing on stocks such as First Quantum Minerals, Solaris Resources, and Warrior Met Coal. The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Nexa Resources SA with a $6.21 average price target, a 15.1% upside from current levels. In a report issued on April 29, BMO Capital also maintained a Hold rating on the stock with a $6.00 price target. Anglogold Ashanti PLC (AU) In a report issued on May 5, Josh Wolfson from RBC Capital maintained a Buy rating on Anglogold Ashanti PLC, with a price target of $41.00. The company's shares closed last Wednesday at $43.68. According to Wolfson is a 5-star analyst with an average return of 9.8% and a 66.7% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Osisko Gold Royalties, and Sandstorm Gold. Anglogold Ashanti PLC has an analyst consensus of Moderate Buy, with a price target consensus of $42.20, implying a -1.7% downside from current levels. In a report issued on April 27, J.P. Morgan also maintained a Buy rating on the stock with a $53.00 price target.
Yahoo
06-05-2025
- Business
- Yahoo
Why Hecla Mining Company (HL) Soared on Monday
We recently published a list of Why These 10 Firms Soared on Monday. In this article, we are going to take a look at where Hecla Mining Company (NYSE:HL) stands against other Monday's best performers. The stock market kicked off the trading week on a negative note as investors sold off on a new round of uncertainties from President Donald Trump's tariff policies. The Nasdaq fell by 0.74 percent, while the S&P 500 dropped 0.64 percent and the Dow Jones was down by 0.24 percent. Over the weekend, Trump told reporters that the US was negotiating with many countries, 'but at the end of this, I'll set my own deals — because I set the deal, they don't set the deal.' He added that he had no intentions to talk with Chinese President Xi Jinping, dampening hopes of a potential negotiation between the two of the world's largest economies. Beyond the major indices, 10 companies stood out with strong gains amid a flurry of fresh developments. In this article, we name Monday's 10 best performers and detail the reasons behind their gains. To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume. Why Hecla Mining Company (HL) Soared on Monday Aerial view of a gold mine, with its winding roads and pits. Hecla Mining Company (NYSE:HL) Hecla Mining grew its share prices by 5.51 percent on Monday to close at $4.79 apiece as investors resorted to bargain-hunting following four straight days of decline, coupled with the surge in prices of precious metals. As of this writing, spot prices of gold were up by 2.76 percent at $3,329.86 per ounce, while prices of Silver grew by 1.48 percent at $32.49 per ounce. Hecla Mining Company (NYSE:HL) is an Idaho-based company specializing in silver and gold production. In recent news, Hecla Mining Company (NYSE:HL) entered into an agreement with Dolly Varden Silver Corporation for the latter's plan to fully acquire the former's Kinskuch property for $5 million. According to Dolly Varden, it would issue more than 1.3 million shares to Hecla Mining Company (NYSE:HL), while the latter would retain a 2-percent net smelter return royalty on the property for acquisition. Overall, HL ranks 4th on our list of Monday's best performers. While we acknowledge the potential of HL as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than HL but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
