Hecla Mining Company (NYSE:HL) Q4 2023 Earnings Call Transcript

Russell Lawlar: Remember Casa, we had the fire in Quebec that caused this to have to be shut down.

John Tumazos: Right. Thank you very much.

Phillips Baker: Thanks John.

Operator: Your next question comes from the line of Lucas Pipes with B. Riley Securities. Your line is open.

Nick Giles : Hey, thanks, operator. This is Nick Giles again on behalf of Lucas. Could you provide any color around the cadence of insurance payments throughout the year? I know first proceeds were here in February. And then, how should we think about timing as far as paying down the revolver? Is paying that down contingent upon receiving these payments?

Phillips Baker: Well, you know Nick, this is an insurance company, so I’m not going to render a guess as to when they’ll actually pay us. But we did – they have actually been very good, and they did make a payment just a couple of days ago. But what they have said is that they would anticipate during the course of the year, so just sometime over the course. As far as paying down the revolver, it will be a function of both that and the cash flow from our operations. So, it’s ideally, we will – as we build that cash position, we’ll pay it down.

Nick Giles : Got it. Got it. Okay. Well, fair enough. Appreciate the color. Best of luck.

Phillips Baker: Thanks Nick.

Operator: There are no further questions at this time. I will now turn the call back over to Phil Baker, CEO, for closing remarks.

Phillips Baker: Okay. Well, thanks everyone for participating in the call. I’ll remind you that we have the opportunity. If you’d like to have a one-on-one meeting with us, you can schedule one with us in, the next hour or two. And if that doesn’t work, then please feel free to reach out to Anvita and we’ll be happy to schedule you at a different time. I just appreciate the interest, and I definitely think that we’re in a place with silver that we’ve not been before, and we’re going to keep banging that drum to try to get people to realize what’s happening in the silver space with the growth in silver. So thanks so much, and I’ll talk soon.

Operator: This concludes today’s call. You may now disconnect.