Nov 09, 2021 / NTS GMT
Phillips S. Baker - Hecla Mining Company - President, CEO & Director
Hello. I'm Phil Baker, President and CEO of Hecla Mining Company. Thanks for joining me as I discuss Hecla's 2021 third quarter, which was another quarter of solid financial performance.
The performance starts with the revenues that led to free cash flow generation of $15.6 million, which makes for the eighth quarter out of the past 9 of generating free cash flow, and that was a total of $237 million over those 9 quarters. This is strong and consistent cash flow generation, and it's given us the financial strength and flexibility by putting $190 million of cash on the balance sheet and approximately $420 million of liquidity. As a result, Hecla was able to provide significant returns of capital to shareholders in the form of dividend payments.
Year-to-date, we've returned 20% of our free cash flow to shareholders and 13% in the last 6 quarters. And this is going to be the 40th consecutive quarter of dividend payments. We've now paid $78 million in common dividends since 2011 when our dividend policy was first adopted.
Hecla Mining Co Q3 2021 Performance Review Transcript
Feb 10, 2024
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