Hecla Mining Co. Earnings Cheat Sheet: Revenue Grows By Double-Digits For Fifth Straight Quarter

Hecla Mining Co. (NASDAQ:HL) reported higher profit for the second quarter as revenue showed growth. Hecla Mining Company is engaged in the discovery, acquisition, development, production and marketing of silver (NYSE:SLV), gold (NYSE:GLD), lead and zinc.

For more analysis on our support levels and ranges for gold and silver, consider a free 14-day trial to our acclaimed Gold & Silver Investment Newsletter.

Hecla Mining Earnings Cheat Sheet for the Second Quarter

Results: Net income for Hecla Mining Co. rose to $33.3 million (11 cents per share) vs. $17.1 million (5 cents per share) in the same quarter a year earlier. This marks a rise of 95% from the year earlier quarter.

Revenue: Rose 33% to $117.9 million from the year earlier quarter.

Actual vs. Wall St. Expectations: HL fell short of the mean analyst estimate of 15 cents per share. It fell short of the average revenue estimate of $121.1 million.

Quoting Management: “Hecla had solid operational and financial results year-to-date generating significant cash flow from Greens Creek and Lucky Friday to fund our capital projects and meet our environmental settlement obligations,” said Hecla’s President and Chief Executive Officer, Phillips S. Baker, Jr. “The #4 Shaft Project combined with the new pre-development initiatives at our four properties are expected to increase production by approximately 50-60% over the next five years.”

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past five quarters. Over that span, the company has averaged growth of 39.4%, with the biggest boost coming in the first quarter when revenue rose 70.7% from the year earlier quarter.

The company fell short of estimates last quarter after beating the mark the quarter before with net income of 15 cents versus a mean estimate of net income of 12 cents per share.

Competitors to Watch: Coeur d’Alene Mines Corp. (NYSE:CDE), Pan American Silver Corp. (NASDAQ:PAAS), Silver Wheaton Corp. (NYSE:SLW), Mines Management, Inc. (AMEX:MGN), Metalline Mining Company (AMEX:MMG), Great Panther Silver Ltd. (AMEX:GPR), Alexco Resource Corp. (AMEX:AXU), Silvercorp Metals Inc. (NYSE:SVM), Mag Silver Corp (AMEX:MVG), and First Majestic Silver Corp. (NYSE:FR).

For more analysis on our support levels and ranges for gold and silver, consider a free 14-day trial to our acclaimed Gold & Silver Investment Newsletter.

(Source: Xignite Financials)