Hecla Mining Company · NYSE:HL
Hecla Mining — BofA Securities Global Metals, Mining and Steel Conference 2020
7 slides from Hecla Mining's conference presentation, May 14, 2020
Slide 1: BofA Securities Metals, Mining and Steel Conference
BofA SECURITIES METALS, MINING AND SECURITIES CONFERENCE In A Changed World Some Things Never Change May 2020 RESPONSIBLE. SAFE. INNOVATIVE. NYSE: HL
Slide 2: Cautionary Statements
CAUTIONARY STATEMENTS Cautionary Statement Regarding Forward Looking Statements This presentation contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended
Slide 3: Cautionary Statements (cont'd)
CAUTIONARY STATEMENTS (cont’d) Cautionary Statement Regarding Forward Looking Statements (Cont’d) In addition, material risks that could cause actual results to differ from forward-looking statements include, but are not limited to: (i) gold, silver and other metals price volatility; (ii) operating
Slide 4: Reacted to COVID-19 Early
HECLA REACTED TO COVID-19 EARLY Positioned to more than survive the pandemic • Fortified the balance sheet • Supply chain strengthened by mid-March • In early February, refinanced $475 million Senior • Stockpiled critical mining supplies (up to six Notes at 7.25%, now due 2028 months’ worth in some
Slide 5: Has Outperformed When Prices Rise
HECLA HAS OUTPERFORMED WHEN PRICES RISE Low-cost, long-lived mines in the best jurisdictions with a known ticker Characteristics are unique among peers Asset Overview • Largest primary silver producer in the U.S., 5th largest Quebec gold producer • Best mining jurisdictions: Alaska, Quebec, Idaho, N
Slide 6: First Quarter Update
HECLA FIRST QUARTER UPDATE Positioned to survive and thrive the pandemic • Expect all 5 mines operational soon • The balance sheet is strong with no near-term debt maturities and strong liquidity • Revenue protection with put contracts for precious metals and forward sale of base metals • Reinstated
Slide 7: Appendix
Appendix NYSE: HL RESPONSIBLE. SAFE. INNOVATIVE. l 7
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