Hecla reports net loss in 2022, says its shareholders are ‘well-positioned' for higher silver prices silver Hecla
- Hecla Mining , the largest silver producer in the United States, today reported net loss applicable to common stockholders of $37.9 million in 2022 , and adjusted net income of $27.8 million.
Adjusted EBITDA for the year was $217.5 million and decreased by $61.3 million over the prior year primarily due to lower revenues and higher production costs amidst inflationary pressures, it added. Hecla also said it achieved silver cost guidance with total silver cost of sales of $349.3 million and all-in sustaining cost after by-product credits of $11.25 per silver ounce.
Hecla also announced that its Board of Directors declared a quarterly cash dividend of $0.00625 per share of common stock.
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