Vancouver, Kelowna, Delta, BC - August 4, 2022 (Investorideas.com Newswire) Investorideas.com, a global investor news source covering mining and metals stocks releases today's edition of Exploring Mining Podcast , featuring stock news from TSX, TSXV, CSE, ASX, NASDAQ, NYSE companies plus interviews with CEO's and leading experts.
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Exploring Mining Podcast 292 - News from (NYSE: HL) (NYSE: AG) (NYSE: CDE) (NYSE: IAG)
Hecla Mining Company ( NYSE:HL ) has posted its second quarter 2022 financial and operating results. Highlights include silver and gold production of 3.6 million and 45,719 ounces respectively, and $191.2 million in sales. Phillips S. Baker Jr., the company's President & CEO, commented:
"While we are exposed to inflationary pressures like the rest of the industry, our silver mines have largely been able to offset inflation with by-product credits. For the second half of the year with our strong balance sheet, we plan to increase our investment in operations with the goal of further accelerating production, earnings and cash flow growth."
First Majestic Silver Corp. ( NYSE:AG ) has shared its unaudited interim consolidated financial results for the second quarter ended June 30, 2022. Highlights include the production of 7.7 million silver equivalent ounces, quarterly revenues of $159.4 million, and mine operating earnings of $11.6 million. The company's President and CEO, Keith Neumeyer, said:
"Throughout the second quarter, the silver price continued to experience significant volatility, declining approximately 20% from $25 to $20. As a result of this weakness, the Company refocused and successfully reduced its 2022 capital investments without impacting its strong growth in projected production. In Mexico, our three operations generated healthy profit margins as approximately 80% of our total production came in at a low AISC cost of $15.34 per ounce. In addition, we expect consolidated AISC to continue to trend lower throughout the next two quarters as production ramps up at Santa Elena and Jerritt Canyon, as well as other inflationary cost saving measures are achieved."
Coeur Mining Inc. ( NYSE:CDE ) has reported its second quarter 2022 financial results. This includes revenue of $204 million and cash flow from operating activities of $23 million. The company also increased gold and silver production during the quarter. Mitchell J. Krebs, President and CEO of Coeur, said:
"Our second quarter results demonstrate the resilience of Coeur's multi-asset mine portfolio. Despite weaker gold and silver prices, Company-wide revenue increased 8% versus the prior quarter due to higher production levels from our Kensington, Wharf and Rochester operations. With continued expected production growth during the second half of the year, we remain on track to achieve our 2022 production guidance for gold and silver."
IAMGOLD Corporation ( NYSE:IAG ) has reported its financial and operating results for the second quarter ended June 30, 2022. Highlights include attributable gold production of 170,000 ounces - 344,000 ounces year to date, and an EBITDA of $101.4 million - $236.3 million YTD. Maryse Belanger, Chair and Interim President and CEO of IAMGOLD, said:
"In the current inflationary environment, it is essential to mitigate the impact of rising costs through diligent focus on operations and productivity initiatives. Every gold ounce produced has to be done safely, and we applaud our teams for their continued commitment to Zero Harm and the Cote construction team for achieving the milestone of 5.7 million hours with no lost time injuries to date."
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