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COEUR D’ALENE, ID—Robert Denis Brown, Vice President of Corporate Development and Sustainability at Hecla Mining Co. (NYSE:HL), a $3.28 billion market cap mining company whose stock has gained 48% over the past year, recently engaged in a notable stock transaction. According to a filing with the Securities and Exchange Commission, Brown sold 24,650 shares of the company’s common stock on February 26, 2025. The shares were sold at a price of $5.18 each, amounting to a total sale value of $127,687. The transaction occurred as the stock trades near $5.25, within its 52-week range of $3.41 to $7.68.
This sale was part of a strategy to cover tax liabilities related to the 2022-2024 Long-term Incentive Plan award, as noted in the filing. Following this transaction, Brown’s direct ownership decreased to 424,110 shares, which includes 326,154 shares held directly and 97,956 unvested restricted stock units.
Additionally, Brown acquired 45,501 shares on February 24, 2025, at no cost, as part of the same Long-term Incentive Plan, increasing his total holdings prior to the sale.
In other recent news, Hecla Mining Company reported its fourth-quarter 2024 earnings, revealing a significant shortfall in its earnings per share (EPS) compared to analysts’ forecasts. The company posted an EPS of $0.02, missing the expected $0.06, but exceeded revenue expectations with $249.66 million against a forecast of $240.77 million. Hecla also achieved record revenues exceeding $900 million for the year, driven by strong silver and gold sales, and a 23% appreciation in realized silver prices. The company has sold over 23 million shares and registered an additional 36 million for potential sale, according to a recent SEC filing. Hecla Mining’s strategy includes reinvesting in organic growth, eliminating the Silver Lake dividend, and focusing on infrastructure investments. The company is also evaluating the potential divestment of its Casa Berardi asset to support deleveraging efforts. Looking forward, Hecla has set a 2025 silver production guidance of 15.5 to 17 million ounces, while planning to continue investments at Keno Hill. The company aims to further reduce its net leverage ratio, with a focus on strengthening its financial position.
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