#ExploringMining #Podcast
292 - News from (NYSE: $HL) (NYSE: $AG) (NYSE: $CDE) (NYSE: $IAG)
Vancouver, Kelowna, Delta, BC, August 4,
2022 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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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 Bélanger, 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 Côté construction team for
achieving the milestone of 5.7 million hours with no lost time injuries to
date.”
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