Filing Flows › Hecla Mining (HL) › Q2 2025
Hecla Mining (HL) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
Hecla Mining (HL) reported revenue of $304M for the second quarter 2025 (Q2 2025), +24% from a year earlier and +16% from the quarter before. Operating margin was 30.8%, net earnings $57.7M (19.0% of revenue).
Hecla Mining, Q2 2025: revenue $304M (+24% year over year), operating margin 30.8%, net earnings $57.7M, operating cash flow $162M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $304M | +16% | +24% |
| Gross profit | $120M | +62% | +132% |
| Operating profit | $93.8M | +79% | +131% |
| Net earnings | $57.7M | +100% | +107% |
| Operating cash flow | $162M | +353% | +106% |
| Free cash flow | $104M | — | — |
What changed
Revenue was $304.0M in Q2 2025, up 24% year over year and up 16% from the previous quarter.
Gross margin was 39.3%, up 18.4 points from a year earlier. Operating profit was $93.8M, a 30.8% margin (up 14.3 points year over year). Of the extra revenue versus a year earlier, 91% reached operating profit, above the 17% margin then. Operating expenses grew 138% against revenue growth of 24%. Net earnings were $57.7M, up 107% year over year. The effective tax rate was 36.1%.
Operating cash flow was $161.8M (up 106% year over year), 280% of net earnings. Non-cash charges added back $37.9M of depreciation and amortization and $3.0M of share-based compensation. Working capital and other items added $63.2M. After additions to properties, plants equipment and mineral interests ($58.0M), free cash flow as the company reports it was $103.8M.
Questions
What was Hecla Mining's revenue in the second quarter 2025?
Hecla Mining (HL) reported revenue of $304M for the second quarter 2025 (Q2 2025), +24% from a year earlier and +16% from the quarter before.
Was Hecla Mining profitable in the second quarter 2025?
Operating profit was $93.8M (30.8% of revenue) and net earnings $57.7M.
Source: Hecla Mining 10-Q on SEC EDGAR.