Hecla Mining Reports 2015 Adjusted Net Loss of $34 Million

Hecla Mining Co. (NYSE:HL) announced that in 2015 its sales totaled $443.6 million, while gross profit came in at $38.5 million.
Meanwhile, the company saw a net loss attributable to common stockholders of $87.5 million, or $0.23 per basic share. Its adjusted net loss applicable to common stockholders came in at $34 million, or $0.09 per basic share.
Other 2015 highlights include:

• Silver equivalent production of 37.5 million ounces, the highest in the Company’s history.⁴
• Silver production increased 5% to 11.6 million ounces, the highest in the Company’s history, at a cash cost, after by-product credits, per silver ounce of $5.85.²
• Gold production increased 1% to 189,327 ounces, with 127,891 ounces produced at Casa Berardi at an average cash cost, after by-product credits, per gold ounce of $772.²
• Highest year-end proven and probable silver reserve levels in Company history for the 10th consecutive year despite using $14.50/oz silver for the calculation.
• Operating cash flow of $106.4 million and adjusted EBITDA of $116.8 million.³
• Cash and cash equivalents of $155.2 million at December 31, 2015.
• Proceeding with East Mine Crown Pillar (EMCP) pit at Casa Berardi, expect to produce ore from the new pit by year end.
• Estimated 2016 silver production of 13.5-14.0 million ounces and gold production of approximately 207,000 ounces.

Click here to read the full Hecla Mining Co. (NYSE:HL) press release.