HECLA MINING CO/DE/
For the period ended Mar 31, 2025. Filed May 1, 2025.
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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.
Mar 31, 2025 · Filed May 1, 2025
HL$14.29-7.3%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows - Three Months Ended
Condensed Cons olidated Statements of Cash Flows (Unaudited)
(In thousands)
| Three Months Ended | ||
|---|---|---|
| March 31, 2025 | March 31, 2024 | |
| Operating activities: | ||
| Net income (loss) | $28,872 | $(5,753) |
| Non-cash elements included in net income (loss): | ||
| Depreciation, depletion and amortization | 39,172 | 51,226 |
| Inventory adjustments | 1,558 | 7,671 |
| Fair value adjustments, net | (3,627) | 1,852 |
| Provision for reclamation and closure costs | 1,908 | 1,846 |
| Stock-based compensation | 1,936 | 1,164 |
| Deferred income taxes | 13,221 | (416) |
| Net foreign exchange loss (gain) | 356 | (3,982) |
| Other non-cash items, net | 507 | 519 |
| Change in assets and liabilities: | ||
| Accounts receivable | (29,314) | (17,864) |
| Inventories | (11,763) | (18,746) |
| Other current and non-current assets | 9,578 | 5,238 |
| Accounts payable, accrued and other current liabilities | (15,917) | (8,819) |
| Accrued payroll and related benefits | (168) | 5,498 |
| Accrued taxes | 2,769 | 2,085 |
| Accrued reclamation and closure costs and other non-current liabilities | (3,350) | (4,439) |
| Net cash provided by operating activities | 35,738 | 17,080 |
| Investing activities: | ||
| Additions to property, plant and mine development | (54,095) | (47,589) |
| Proceeds from disposition of assets | 55 | 47 |
| Net cash used in investing activities | (54,040) | (47,542) |
| Financing activities: | ||
| Proceeds from sale of common stock, net | — | 1,103 |
| Acquisition of treasury stock | — | (1,197) |
| Borrowing of debt | 107,000 | 27,000 |
| Repayment of debt | (87,000) | (15,000) |
| Dividends paid to common and preferred stockholders | (2,511) | (3,994) |
| Repayments of finance leases and other | (2,287) | (3,033) |
| Net cash provided by financing activities | 15,202 | 4,879 |
| Effect of exchange rates on cash | (100) | (624) |
| Net decrease in cash, cash equivalents and restricted cash and cash equivalents | (3,200) | (26,207) |
| Cash, cash equivalents and restricted cash and cash equivalents at beginning of period | 28,045 | 107,539 |
| Cash, cash equivalents and restricted cash and cash equivalents at end of period | $24,845 | $81,332 |
| Reconciliation of cash and cash equivalents and restricted cash and cash equivalents above to where reported on the consolidated balance sheet | ||
| Cash and cash equivalents | $23,668 | $80,169 |
| Non-current restricted cash and cash equivalents | $1,177 | $1,163 |
| Total cash and cash equivalents and restricted cash and cash equivalents as reported on the consolidated cash flow statement | $24,845 | $81,332 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for interest | $20,118 | $18,706 |
| Cash paid for income and mining taxes, net | $864 | $127 |
| Significant non-cash investing and financing activities: | ||
| Common stock issued as incentive compensation | $2,503 | $3,355 |
| Common stock issued for 401(k) match | $1,219 | $1,251 |
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