Value Microcaps Junior Miners

[Bobwins]

HL +.24 to 6.66

Hecla posted Q2 earnings loss of $14 million but made a small profit after adjustments. I am looking forward to Q3 when Hecla should break clearly into profits. They already did well in Q2, using cashflow of around $61 million to paydown debt from 200 to 50 million on the credit line AND retain $67million in cash.

Q2 avg prices received were $18.44 for silver and $1736 for gold. With the increases so far in Q3, Hecla should report dramatically higher revs and cashflow. I estimate $20 to 50 million extra dollars in cashflow for Q3, depending on avg prices received in Q3. That should boost gross revs to around $200million and cashflow close to $100million for the qtr, if current prices hold.

With Lucky Friday ramping up towards 3 million ounces/year, Hecla is a good safe way to play the silver boom. Safe jurisdictions and high silver production.

https://ir.hecla-mining.com/news-events/current-news/news-details/2020/Hecla-Reports-24-Higher-Revenues-on-Higher-Production-and-Prices-in-Second-Quarter-2020/default.aspx