Hecla Mining Files 8-K on Operations & Financial Condition
Ticker: HL-PB · Form: 8-K · Filed: Jan 10, 2024 · CIK: 719413
Complexity: simple
Sentiment: neutral
Topics: financial-condition, results-of-operations, 8-K, corporate-governance
TL;DR
**Hecla Mining just dropped an 8-K on its financials, keep an eye on HL.**
AI Summary
Hecla Mining Company filed an 8-K on January 10, 2024, to report on its results of operations and financial condition. The filing specifically mentions its Common Stock (HL) and Series B Cumulative Convertible Preferred Stock, both traded on the New York Stock Exchange. This matters to investors because it provides an update on the company's financial health and operational performance, which can influence stock price and future investment decisions.
Why It Matters
This filing provides a timely update on Hecla Mining's financial status, offering transparency to investors about its performance and any significant events.
Risk Assessment
Risk Level: low — This 8-K is a routine disclosure of financial information and does not indicate any immediate high-risk events.
Analyst Insight
A smart investor would review the full financial statements and results of operations once they are made public to understand the specific details of Hecla Mining's performance and financial health, as this 8-K only indicates the filing of such information.
Key Numbers
- $0.25 — Par value per share (for both Common Stock and Series B Cumulative Convertible Preferred Stock)
Key Players & Entities
- HECLA MINING CO/DE/ (company) — the registrant filing the 8-K
- New York Stock Exchange (company) — where Hecla's Common Stock and Preferred Stock are registered
- $0.25 (dollar_amount) — par value per share for Common Stock and Series B Preferred Stock
- January 10, 2024 (date) — date of earliest event reported and filing date
- HL (company) — trading symbol for Hecla Mining's Common Stock
FAQ
What is the purpose of this 8-K filing by Hecla Mining Company?
The 8-K filing by Hecla Mining Company is a Current Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, specifically reporting on 'Results of Operations and Financial Condition' and 'Financial Statements and Exhibits' as of January 10, 2024.
What types of securities does Hecla Mining Company have registered on the New York Stock Exchange, as mentioned in the filing?
Hecla Mining Company has two classes of securities registered on the New York Stock Exchange: Common Stock, par value $0.25 per share (trading symbol HL), and Series B Cumulative Convertible Preferred Stock, par value $0.25 per share.
What is the par value of Hecla Mining's Common Stock?
The par value of Hecla Mining's Common Stock is $0.25 per share, as stated in the filing.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 10, 2024, which is also the date of the report.
What is Hecla Mining Company's state of incorporation and IRS Employer Identification Number?
Hecla Mining Company's state of incorporation is Delaware, and its IRS Employer Identification Number is 77-0664171, according to the filing.
Filing Stats: 641 words · 3 min read · ~2 pages · Grade level 12.7 · Accepted 2024-01-10 16:45:55
Key Financial Figures
- $0.25 — ich registered Common Stock, par value $0.25 per share HL New York Stock Exchang
Filing Documents
- d645796d8k.htm (8-K) — 28KB
- d645796dex991.htm (EX-99.1) — 36KB
- g645796g0111004452186.jpg (GRAPHIC) — 4KB
- 0001193125-24-005990.txt ( ) — 232KB
- hl-20240110.xsd (EX-101.SCH) — 4KB
- hl-20240110_def.xml (EX-101.DEF) — 13KB
- hl-20240110_lab.xml (EX-101.LAB) — 22KB
- hl-20240110_pre.xml (EX-101.PRE) — 14KB
- d645796d8k_htm.xml (XML) — 5KB
02
Item 2.02 Results of Operations and Financial Condition. On January 10, 2024, Hecla Mining Company (the "Company") issued a news release ("Release") announcing certain preliminary production results for the fourth quarter and full year ended December 31, 2023 and other updates. All measures of the Company's fourth quarter and full year 2023 production results contained in the Release are preliminary and reflect the Company's expected results as of the date of the Release. Actual reported fourth quarter and full year 2023 results are subject to management's final review as well as review by the Company's independent registered accounting firm and may vary significantly from current expectations because of a number of factors, including, without limitation, additional or revised information and changes in accounting standards or policies or in how those standards are applied. A copy of the Release is attached as Exhibit 99.1 to this Current Report and is incorporated herein by reference. In accordance with General Instruction B.2 of Form 8-K, the information in Item 2.02, including Exhibit 99.1, is being furnished and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any of the Company's filings or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 99.1 News Release dated January 10, 2024.* 104 Cover Page Interactive Data File (formatted as inline XBRL). * Furnished herewith 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. HECLA MINING COMPANY By /s/ David C. Sienko David C. Sienko Vice President and General Counsel Dated: January 10, 2024 3