Hecla Mining adds Dean Gehring to its Board of Directors

Published 22/05/2025, 12:06
Hecla Mining adds Dean Gehring to its Board of Directors

COEUR D’ALENE, Idaho - Hecla Mining Company (NYSE:HL), a leading silver producer in North America with a market capitalization of $3.2 billion and strong financial health score of "GOOD" according to InvestingPro, announced today the appointment of Dean Gehring to its Board of Directors, effective immediately. Gehring, who brings over three decades of experience in the mining sector, is also a board advisor at Allonnia, a company focused on environmental solutions for the mining industry.

Gehring’s notable career includes significant roles such as Chief Technology Officer at Newmont and President and CEO of Rio Tinto Minerals. His appointment is seen as a strategic move by Hecla Mining to bolster its technological and leadership expertise at a time when the company shows impressive revenue growth of 41% in the last twelve months. "His technological expertise and industry knowledge make him an exceptional addition to Hecla," stated Hecla’s President and CEO, Rob Krcmarov.

The new board member is no stranger to Hecla, having started his career as an intern at the company’s Lucky Friday mine in 1988. His return is expected to contribute significantly to Hecla’s future growth. Gehring is a licensed Professional Engineer and Project Management Professional, holding a B.S. in Mining Engineering and an M.S. in Project Management. His accomplishments include serving on university advisory boards, co-chairing the SME Foundation Corporate Giving Committee, and receiving prestigious awards for his contributions to the mining industry.

Hecla Mining, established in 1891, is not only the largest silver producer in the U.S. and Canada but also operates several mines and is developing new projects in North America, including a mine in the Yukon, Canada. With an impressive 15-year track record of consistent dividend payments and analysts forecasting continued profitability, as revealed by InvestingPro’s analysis, the addition of Gehring is part of the company’s ongoing efforts to enhance its leadership team as it continues to grow and develop its mining operations.

This news is based on a press release statement from Hecla Mining Company.

In other recent news, Hecla Mining Company reported its Q1 2025 earnings, showcasing record quarterly revenues of $261 million, which exceeded expectations. The company’s earnings per share (EPS) remained stable at $0.05, aligning with forecasts. Despite these positive financial results, Hecla’s stock experienced a decline in after-hours trading. The company’s performance was bolstered by strong silver and gold production, with improved silver margins rising from 54% in 2024 to 65% in Q1 2025. Additionally, Hecla’s adjusted EBITDA surpassed $90 million, and the net cash balance improved significantly. The company continues to explore strategic mergers and acquisitions, particularly in silver, and is evaluating the development of the Libbey project. Furthermore, Hecla Mining maintains its 2025 production guidance and is focused on financial discipline and deleveraging. Analysts from H.C. Wainwright raised questions about potential operational risks, such as international trade tariffs, which the company addressed by emphasizing proactive supply chain management.

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