We recently published 10 Stocks on Fire Amid Market Chaos. Hecla Mining Company (NYSE:HL) is one of the best-performing stocks on Thursday.
Hecla Mining rallied for a second day on Thursday to nearly hit its 52-week high as investors gobbled up shares following a stellar earnings performance in the third quarter of the year.
At intra-day trading, Hecla Mining Company (NYSE:HL) soared to its highest day price of $15.42, or just 2 cents shy of its 52-week high, before trimming gains to end the day just up by 11.89 percent at $13.55 apiece.
The rally came after a 6,109 percent expansion in its net income attributable to shareholders in the third quarter of the year at $100.59 million versus only $1.62 million in the same period last year, as sales jumped by 67 percent to $409 million from $245 million year-on-year.
Adjusted EBITDA soared by 120 percent to $195.69 million from $88.86 million.
“Our third quarter results represent a defining moment for Hecla, with record-breaking performance across a number of key financial metrics…all records in the company’s 134 year history,” said Hecla Mining Company (NYSE:HL) President and Chief Executive Officer Rob Krcmarov.
“Operationally, all four producing assets contributed to positive free cash flow for the second consecutive quarter. Greens Creek continues to exceed expectations, Keno Hill has delivered three consecutive quarters of profitability under our ownership, Lucky Friday maintained consistent production while advancing the surface cooling project, and Casa Berardi’s cost trajectory is improving. This validates both the quality of our asset base and the skill of our operating teams,” he added.
For full-year 2025, Hecla Mining Company (NYSE:HL) raised its production outlook for both gold and silver, with the latter now expected at 16.2 to 17 million ounces—an increase from the previous lower-end guidance of 15.5 million ounces.
Meanwhile, gold production outlook was raised to 145,000 to 150,000 troy ounces from the 126,000 to 137,000 troy ounces previously.
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Disclosure: None. This article is originally published at Insider Monkey.
