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Hecla Mining Company is not only the largest and one of the lowest-cost U.S. silver producers, and the
third largest U.S. producer of both zinc and lead, but also a growing gold producer.
Hecla owns and operates four mines on district-sized land packages in mining-friendly North American
jurisdictions: Greens Creek in Alaska, one of the largest and highest-margin primary silver mines in the
world; the newly revitalized Lucky Friday silver mine in North Idaho; the San Sebastian silver-gold mine
near Durango, Mexico; and the Casa Berardi gold mine in Quebec. In addition to its diversified silver and
Share Performance NYSE: HL gold operating and cash-flow generating base, Hecla has a number of exploration properties and pre-
end of Q3: 09/30/16, (1) as of 01/19/17 development projects in seven world-class silver and gold mining districts in the U.S., Canada, and Mexico.
Share Price: $ 6.04(1)
52-Week Range: $ 1.48 $7.64(1)
2015 record silver production was 11.6 million ounces with 189,327 ounces of gold production. Both
Basic Shares: 395.1 million
exceeding the Companys expectations for 2015. 2016 company-wide production is estimated to be
Fully Diluted: 399.0 million
Market Capitalization: $ 2.4B (1) 16.25 million ounces of silver and 233,000 ounces of gold.
Strong
Healthy Cash Margins Investment Established Work Force
Fundamentals
Operating Mines
San Sebastian Heclas Newest Mine San Sebastian Lucky Friday #4 Shaft The #4 Shaft, a key growth Rock Creek and Montanore Rock Creek (acquired in
is a very high-grade silver and gold mine in Mexico. project, has reached its final depth of 9,600 feet below 2015) and Montanore (acquired in September 2016) are
Production began late in 2015 and the first dor was poured the surface. The focus now turns to equipping the shaft two large silver/copper deposits in Montana. Rock Creek
on December 22, 2015. A series of shallow open pits are with steel sets, guides, skip loading facilities and electrical expects an SEIS by the end of 2016. Montanore has
being mined over an expected 24 months, generating strong infrastructure, with the goal of the shaft commissioning an EIS and Record of Decision. The projects are being
cash flow for the Company. The Company is working on beginning in the fourth quarter of 2016, and then beginning permitted separately and both have the potential to be
a plan to transition from open pit to underground mining the lateral development necessary to provide access to large, long-lived silver/copper mines.
around the end of 2017 and has now secured the rented mill higher-grade material that should extend the mine life
through 2018. more than 20 years.
Financial Highlights
(dollars in thousands, except per share amounts)
Q3/2016 Q2/2016 Q1/2016 2015 2014 2013
Sales of products $ 179,383 $ 179,302 $ 131,017 $ 443,567 $ 500,781 $ 382,589
Net income (loss) 25,789 24,116 (618) (86,968) 17,824 (25,130)
Cash provided by operating activities 86,976 67,390 18,748 106,445 83,124 26,644
Cash, cash equivalents and short-term investments at end of reporting period 192,378 158,683 134,018 155,209 209,665 212,175
Dividend per Common Share 0.0025 0.0025 0.0025 0.01 0.01 0.02
Leading Silver Producer with Strong Cash Margins (Greens Creek, Lucky Friday and San Sebastian)
(1) Cash cost, after by-product credits, per silver ounce represents non-U.S. Generally Accepted Accounting Principles (GAAP) measurement; a reconciliation of which to cost of sales and other direct production costs and depreciation, depletion and amortization (GAAP) can be found below.
(2) Realized prices are calculated by dividing gross revenues for each metal by the payable quantities of each metal included in the concentrate and dor sold during the period.
Reconciliation of Cost of Sales and Other Direct Production Costs and Depreciation, Depletion and Amortization, the most comparable
GAAP measurement, to Cash Cost, After By-Product Credits, per Silver Ounce for Greens Creek, Lucky Friday & San Sebastian
(dollars and ounces in thousands, except per ounce unaudited)
Largest Institutional Owners Company Info Qualified Person (QP) Pursuant to Canadian National Instrument 43-101
Dean McDonald, P.Geo., Senior Vice President Exploration of Hecla Mining Company, who
serves as a Qualified Person under National Instrument 43-101(NI 43-101), supervised the
(research as of 12/30/16) Directors preparation of the scientific and technical information concerning Heclas mineral projects in
this fact sheet. Information regarding data verification, surveys and investigations, quality
Dimensional Fund Advisors, LP Ted Crumley, Chairman assurance program and quality control measures and a summary of analytical or testing
The Vanguard Group, Inc. Phillips S. Baker, Jr. procedures for the Greens Creek Mine are contained in a technical report prepared for
Hecla and Aurizon Mines Ltd. (Aurizon) titled Technical Report for the Greens Creek
Van Eck Associates Corporation Catherine Cassie J. Boggs Mine effective date March 28, 2013, and for the Lucky Friday Mine are contained in a
BlackRock Institutional Trust Company, N.A. George R. Johnson technical report prepared for Hecla and Aurizon titled Technical Report for the Lucky Friday
Mine Shoshone County, Idaho, USA effective date April 2, 2014, and for the Casa Berardi
State Street Global Advisors (US) George R. Nethercutt, Jr.
Mine are contained in a technical report prepared for Aurizon titled Technical Report on
Ceredex Value Advisors LLC Stephen F. Ralbovsky the mineral resource and mineral reserve estimate for Casa Berardi Mine, Northwestern
Millennium Management LLC Terry V. Rogers Quebec, Canada effective date March 31, 2014 (the Casa Berardi Technical Report), and
for the San Sebastian Mine are contained in a technical report titled Technical Report for the
Deutsche Asset Managment Americas Charles B. Stanley San Sebastian Ag-Au Property, Durango, Mexico effective date September 8, 2015. Also
Goldman Sachs Asset Management (US) Dr. Anthony P. Taylor included in these 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
Morgan Stanley & Co. the extent to which the estimates may be affected by any known environmental, permitting,
Officers
legal, title, taxation, socio-political, marketing or other relevant factors. Copies of these
Phillips S. Baker, Jr., President & CEO technical reports are available under Heclas and Aurizons profiles on SEDAR at www.sedar.
Lindsay Hall, Sr. VP Chief Financial Officer com. The Casa Berardi Technical Report was reviewed by Dr. McDonald on behalf of Hecla.
To the best of Heclas knowledge, information and belief, there is no new material scientific
Analyst Coverage Larry Radford, Sr. VP Operations or technical information that would make the disclosure of the mineral resources and mineral
Dean W. McDonald, Sr. VP Exploration reserves for Casa Berardi in this fact sheet inaccurate or misleading.