Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     

HECLA MINING COMPANY

(HL)
  Report
Real-time Estimate Cboe BZX  -  02:16 2022-10-06 pm EDT
4.445 USD   +1.02%
09/15Hecla to Participate in Fireside Chat at the Gold Forum Americas
BU
09/14Alianza - trenching and mapping program underway at haldane silver project, keno hill district, yukon
AQ
09/09BMO Capital Adjusts Price Target on Hecla Mining Company to $4.75 From $5.25, Keeps Market Perform Rating
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Hecla Mining : at John Tumazos Very Independent Research, LLC Conference

08/09/2022 | 05:27pm EDT

HECLA MINING COMPANY

United States' Largest

Silver Producer

Tumazos Conference

August 9, 2022

RESPONSIBLE. SAFE. INNOVATIVE.

NYSE: HL

CAUTIONARY STATEMENTS

Cautionary Statement Regarding Forward Looking Statements

This presentation contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor created by such sections and other applicable laws, including Canadian securities laws. When a forward-looking statement expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, such statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by the forward-looking statements. Forward-looking statements often address our expected future business and financial performance and financial condition and often contain words such as "anticipate," "intend," "plan," "will," "could," "would," "estimate," "should," "expect," "believe," "project," "target," "indicative," "preliminary," "potential" and similar expressions. Forward-looking statements in this presentation may include, without limitation: (i) Company will be able to mitigate inflationary effects on costs successfully, (ii) Company will be able to complete the Alexco acquisition, and; (ii) mine-specific and Company-wide 2022 estimates of future production, sales, costs of sales and cash cost and AISC per ounce (in each case after by-product credits), as well as Company-wide estimated spending on capital, exploration and pre-development for 2022. The material factors or assumptions used to develop such forward-looking statements or forward-looking information include that the prices assumed in the calculation of cash cost and AISC will occur and the Company's plans for development and production will proceed as expected and will not require revision as a result of risks or uncertainties, whether known, unknown or unanticipated, to which the Company's operations are subject.

Estimates or expectations of future events or results are based upon certain assumptions, which may prove to be incorrect, which could cause actual results to differ from forward-looking statements. Such assumptions, include, but are not limited to: (i) there being no significant change to current geotechnical, metallurgical, hydrological and other physical conditions; (ii) permitting, development, operations and expansion of the Company's projects being consistent with current expectations and mine plans; (iii) political/regulatory developments in any jurisdiction in which the Company operates being consistent with its current expectations; (iv) the exchange rate for the USD/CAD and USD/MXN, being approximately consistent with current levels; (v) certain price assumptions for gold, silver, lead and zinc; (vi) prices for key supplies being approximately consistent with current levels; (vii) the accuracy of our current mineral reserve and mineral resource estimates; (viii) there being no significant changes to Company plans for 2022 and beyond due to COVID-19 or any other public health issue, including, but not limited to with respect to availability of employees, vendors and equipment; (ix) the Company's plans for development and production will proceed as expected and will not require revision as a result of risks or uncertainties, whether known, unknown or unanticipated; (x) counterparties performing their obligations under hedging instruments and put option contracts; (xi) sufficient workforce is available and trained to perform assigned tasks; (xii) weather patterns and rain/snowfall within normal seasonal ranges so as not to impact operations; (xiii) relations with interested parties, including Native Americans, remain productive; (xiv) maintaining availability of water rights; (xv) factors do not arise that reduce available cash balances; and (xvi) there being no material increases in our current requirements to post or maintain reclamation and performance bonds or collateral related thereto.

In addition, material risks that could cause actual results to differ from forward-looking statements include, but are not limited to: (i) gold, silver and other metals price volatility; (ii) operating risks; (iii) currency fluctuations;

  1. increased production costs and variances in ore grade or recovery rates from those assumed in mining plans; (v) community relations; (vi) conflict resolution and outcome of projects or oppositions; (vii) litigation, political, regulatory, labor and environmental risks; (viii) exploration risks and results, including that mineral resources are not mineral reserves, they do not have demonstrated economic viability and there is no certainty that they can be upgraded to mineral reserves through continued exploration; (ix) the failure of counterparties to perform their obligations under hedging instruments; (x) we take a material impairment charge on our Nevada operations. For a more detailed discussion of such risks and other factors, see the Company's 2021 Form 10-K, filed on February 23, 2022, with the Securities and Exchange Commission (SEC), as well as the Company's other SEC filings, including its Quarterly Report on Form 10-Q filed with the SEC on or about August 4, 2022. The Company does not undertake any obligation to release publicly, revisions to any "forward- looking statement," including, without limitation, outlook, to reflect events or circumstances after the date of this presentation, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws. Investors should not assume that any lack of update to a previously issued "forward-looking statement" constitutes a reaffirmation of that statement. Continued reliance on "forward-looking statements" is at investors' own risk.

NYSE: HL

RESPONSIBLE. SAFE. INNOVATIVE. l 2

CAUTIONARY STATEMENTS (cont'd)

Cautionary Note Regarding Reserves and Resources

This presentation uses the terms "mineral resources," "measured mineral resources," "indicated mineral resources" and "inferred mineral resources." Mineral resources that are not mineral reserves do not have demonstrated economic viability. You should not assume that all or any part of measured or indicated mineral resources will ever be converted into mineral reserves. Further, inferred mineral resources have a great amount of uncertainty as to their existence and as to whether they can be mined legally or economically, and an inferred mineral resource may not be considered when assessing the economic viability of a mining project, and may not be converted to a mineral reserve. On October 31, 2018, the SEC adopted new mining disclosure rules ("S-K 1300") that is more closely aligned with current industry and global regulatory practices and standards, including National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") which we comply with because we also are a "reporting issuer" under Canadian securities laws. While S-K 1300 is more closely aligned with NI 43-101 than the prior SEC mining disclosure rules, there are some differences. NI 43-101 is a rule developed by the Canadian Securities Administrators, which established standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Unless otherwise indicated, all resource and reserve estimates contained in this presentation have been prepared in accordance with S-K 1300, as well as NI 43-101. Investors are urged to consider closely the disclosure in the Company's Annual Report on Form 10-K for the year ended December 31, 2021 available at www.sec.gov.

Qualified Person (QP)

Kurt D. Allen, MSc., CPG, VP - Exploration of Hecla Mining Company and Keith Blair, MSc., CPG, Chief Geologist of Hecla Limited, who serve as a Qualified Person under S-K 1300 and NI 43-101, supervised the preparation of the scientific and technical information concerning Hecla's mineral projects in this presentation. Technical Report Summaries (each a "TRS") for each of the Company's material properties are filed as exhibits 96.1, 96.2 and 96.3 to the Company's Annual Report on Form 10-K for the year ended December 31, 2021, and are available at www.sec.gov. Information regarding data verification, surveys and investigations, quality assurance program and quality control measures and a summary of analytical or testing procedures for (i) the Greens Creek Mine are contained in its TRS and in a NI 43-101 technical report titled "Technical Report for the Greens Creek Mine" effective date December 31, 2018, (ii) the Lucky Friday Mine are contained in its TRS and in its technical report titled "Technical Report for the Lucky Friday Mine Shoshone County, Idaho, USA" effective date April 2, 2014, (iii) Casa Berardi are contained in its TRS and in its technical report titled "Technical Report on the mineral resource and mineral reserve estimate for Casa Berardi Mine, Northwestern Quebec, Canada" effective date December 31, 2018, and (iv) the San Sebastian Mine, Mexico, are contained in a technical report prepared for Hecla titled "Technical Report for the San Sebastian Ag-Au Property, Durango, Mexico" effective date September 8, 2015. Also included in each TRS and the four technical reports is a description of the key assumptions, parameters and methods used to estimate mineral reserves and resources and a general discussion of the extent to which the estimates may be affected by any known environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant factors. Information regarding data verification, surveys and investigations, quality assurance program and quality control measures and a summary of sample, analytical or testing procedures are contained in technical reports prepared for Klondex Mines Ltd. for (i) the Fire Creek Mine (technical report dated March 31, 2018), (ii) the Hollister Mine (technical report dated May 31, 2017, amended August 9, 2017), and (iii) the Midas Mine (technical report dated August 31, 2014, amended April 2, 2015). Copies of these technical reports are available under Hecla's profile on SEDAR at www.sedar.com. Mr. Allen and Mr. Blair reviewed and verified information regarding drill sampling, data verification of all digitally collected data, drill surveys and specific gravity determinations relating to all the mines. The review encompassed quality assurance programs and quality control measures including analytical or testing practice, chain-of-custody procedures, sample storage procedures and included independent sample collection and analysis. This review found the information and procedures meet industry standards and are adequate for Mineral Resource and Mineral Reserve estimation and mine planning purposes.

Cautionary Note Regarding Non-GAAP measures

Cash cost per ounce of silver and gold, after by-product credits, EBITDA, adjusted EBITDA, All-in Sustaining Costs, after by-product credits, realized silver margin, and free cash flow represent non-U.S. Generally Accepted Accounting Principles (GAAP) measurements. A reconciliation of these non-GAAP measures to the most comparable GAAP measurements can be found in the Appendix.

NYSE: HL

RESPONSIBLE. SAFE. INNOVATIVE. l 3

POSITIONED FOR INDUSTRY LEADING GROWTH

High-grade,low-cost silver mines paves the way for 17-20 Moz silver production in US & Canada

Low Operating

Risk Portfolio

with a U.S.,

Canada Focus

Best in Class Silver Assets

Brand Value &

Balance Sheet

Strength

  • Positioned to be the fastest growing silver producer
  • Potential silver production of 17-20 million ozs with Alexco, Lucky Friday UCB & Greens Creek
  • Largest silver and third largest zinc producer in the U.S.
  • Largest silver reserve base in the U.S.
  • Mining in Alaska, Idaho, Quebec & Yukon
  • Returns with low costs, high-grade, long mine lives
  • 3rd largest reserve base with highest silver grade** on a silver equivalent basis
  • 130 year old company, over 50 years on NYSE
  • Solid balance sheet with $198 M in cash, built on cash flow generation
  • Silver linked dividend
  • Average Free Cash Flow yield of 14%***

* Source - Fraser Institute Annual Survey of Mining Companies 2021

NYSE: HL

** Silver peers - Pan American Silver, Fresnillo, Coeur, Fortuna, Hochschild, Silvercorp, First Majestic Silver, Endeavour Silver

RESPONSIBLE. SAFE. INNOVATIVE. l 4

*** Average Free cash flow yield from Q1/2021 - Q2/2022, Free cash flow yield calculated as Free Cash Flow/Revenues

HECLA MINES 40% OF ALL SILVER PRODUCED IN THE USA

Half of the world's production is from Mexico, Peru and China; U.S./Canadian production is scarce

2021 U.S. Silver Production

Hecla's Share of U.S. Production*

(Moz)

12.9

Hecla

Other

40%

60%

6.5

3 Countries Produce ~50% of World Production

.

U.S. Produces 4%*, Canada 1%

3.1

2.2

1.1

24%

45%

Hecla

Teck

Coeur

Rio Tinto

Americas Gold &

13%

14%

Silver

Positioned to be largest silver producer in Canada with Alexco acquisition

4%

Mexico

Peru

China

USA

ROW

NYSE: HL

Source: Silver Institute; Company Reports

RESPONSIBLE. SAFE. INNOVATIVE. l

5

* Data as of 2021

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Hecla Mining Company published this content on 09 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 August 2022 21:17:52 UTC.


© Publicnow 2022
All news about HECLA MINING COMPANY
09/15Hecla to Participate in Fireside Chat at the Gold Forum Americas
BU
09/14Alianza - trenching and mapping program underway at haldane silver project, keno hill d..
AQ
09/09BMO Capital Adjusts Price Target on Hecla Mining Company to $4.75 From $5.25, Keeps Mar..
MT
09/08Metallic Minerals Announces Acquisition of Additional High-Grade Claims in the Keno Hil..
AQ
09/07Alexco Brief: Hecla Mining Completes Alexco Resource Buyout
MT
09/07Hecla Mining Completes Alexco Resource Buyout
MT
09/07Hecla Mining Co/de/ : Completion of Acquisition or Disposition of Assets, Unregistered Sal..
AQ
09/07Hecla Completes Acquisition of Alexco Resource Corp
BU
09/07SilverCrest Metals Among RBC Capital Markets' Preferred Silver-Focused Producers
MT
09/07Hecla Mining Company (NYSE:HL) completed the acquisition of r..
CI
More news
Analyst Recommendations on HECLA MINING COMPANY
More recommendations
Financials (USD)
Sales 2022 737 M - -
Net income 2022 -40,4 M - -
Net Debt 2022 314 M - -
P/E ratio 2022 -176x
Yield 2022 0,91%
Capitalization 2 620 M 2 620 M -
EV / Sales 2022 3,98x
EV / Sales 2023 3,60x
Nbr of Employees 1 650
Free-Float 90,8%
Chart HECLA MINING COMPANY
Duration : Period :
Hecla Mining Company Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends HECLA MINING COMPANY
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 9
Last Close Price 4,40 $
Average target price 6,08 $
Spread / Average Target 38,3%
EPS Revisions
Managers and Directors
Phillips S. Baker President, Chief Financial Officer & Director
Russell Lawlar Chief Financial Officer & Senior Vice President
Catherine J. Boggs Chairman
Lauren M. Roberts Chief Operating Officer & Senior Vice President
Michael L. Clary Chief Administrative Officer & Senior VP
Sector and Competitors
1st jan.Capi. (M$)
HECLA MINING COMPANY-15.71%2 620
PAN AMERICAN SILVER CORP.-26.77%3 558
MAG SILVER CORP.-7.82%1 320
AYA GOLD & SILVER INC.-5.76%691
ENDEAVOUR SILVER CORP.-10.65%668
SILVERCORP METALS INC.-24.10%465