HECLA MINING CODE
For the period ended Jun 30, 2024. Filed Aug 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 7, 2024
HL$14.29-7.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Financial Statements (Unaudited)
Condensed Consol idated Statements of Operations and Comprehensive Income (Loss) (Unaudited)
(Dollars and shares in thousands, except for per-share amounts)
| Three Months Ended | Six Months Ended | |||
|---|---|---|---|---|
| June 30, 2024 | June 30, 2023 | June 30, 2024 | June 30, 2023 | |
| Sales | $245,657 | $178,131 | $435,185 | $377,631 |
| Cost of sales and other direct production costs | 140,464 | 107,754 | 261,925 | 233,304 |
| Depreciation, depletion and amortization | 53,763 | 32,718 | 102,670 | 71,720 |
| Total cost of sales | 194,227 | 140,472 | 364,595 | 305,024 |
| Gross profit | 51,430 | 37,659 | 70,590 | 72,607 |
| Other operating expenses: | ||||
| General and administrative | 14,740 | 10,783 | 25,956 | 22,853 |
| Exploration and pre-development | 6,682 | 6,893 | 11,024 | 11,860 |
| Ramp-up and suspension costs | 5,538 | 16,323 | 20,061 | 27,659 |
| Provision for closed operations and environmental matters | 1,153 | 3,111 | 2,139 | 4,155 |
| Other operating income, net | (17,283) | (4,262) | (34,254) | (4,284) |
| Total other operating expenses | 10,830 | 32,848 | 24,926 | 62,243 |
| Income from operations | 40,600 | 4,811 | 45,664 | 10,364 |
| Other expense: | ||||
| Interest expense | (12,505) | (10,311) | (25,149) | (20,476) |
| Fair value adjustments, net | 5,002 | (2,558) | 3,150 | 623 |
| Net foreign exchange gain (loss) | 2,673 | (3,850) | 6,655 | (3,742) |
| Other income | 1,180 | 1,376 | 2,692 | 2,768 |
| Total other expense | (3,650) | (15,343) | (12,652) | (20,827) |
| Income (loss) before income and mining taxes | 36,950 | (10,532) | 33,012 | (10,463) |
| Income and mining tax provision | (9,080) | (5,162) | (10,895) | (8,404) |
| Net income (loss) | 27,870 | (15,694) | 22,117 | (18,867) |
| Preferred stock dividends | (138) | (138) | (276) | (276) |
| Net income (loss) applicable to common stockholders | $27,732 | $(15,832) | $21,841 | $(19,143) |
| Comprehensive income (loss): | ||||
| Net income (loss) | $27,870 | $(15,694) | $22,117 | $(18,867) |
| Change in fair value of derivative contracts designated as hedge transactions | (6,488) | 5,232 | (11,891) | 11,748 |
| Comprehensive income (loss) | $21,382 | $(10,462) | $10,226 | $(7,119) |
| Basic income (loss) per common share after preferred dividends | $0.04 | $(0.03) | $0.04 | $(0.03) |
| Diluted income (loss) per common share after preferred dividends | $0.04 | $(0.03) | $0.04 | $(0.03) |
| Weighted average number of common shares outstanding - basic | 617,106 | 604,088 | 616,649 | 602,077 |
| Weighted average number of common shares outstanding - diluted | 622,206 | 604,088 | 621,936 | 602,077 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.