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    Andrew Dusome

    Research Analyst at National Bank Financial, Inc.

    Andrew Dusome is an Equity Analyst at National Bank Financial, Inc., specializing in mining and metals sector research. He has initiated coverage on companies such as Marimaca Copper, and maintains a track record featuring an outperform rating success rate of approximately 67%, as reflected by his analyst recommendations for investors. Ranked 5,543 among Wall Street analysts on TipRanks, Dusome consistently issues 'buy' or 'outperform' calls with measurable performance metrics. His professional experience includes his current tenure as an Associate at National Bank Financial, with his FINRA registration and licensure not publicly documented, and he is recognized for his analytical coverage and investment insights in the Canadian equity markets.

    Andrew Dusome's questions to HECLA MINING CO/DE/ (HL) leadership

    Andrew Dusome's questions to HECLA MINING CO/DE/ (HL) leadership • Q1 2025

    Question

    Andrew Dusome asked for more color on the drivers of increasing labor costs at the Lucky Friday mine. He also questioned why Casa Berardi's cost of sales guidance was increased while its production and cash cost guidance remained unchanged.

    Answer

    Robert Krcmarov, President & CEO, and Russell Lawlar, SVP & CFO, attributed the higher labor costs at Lucky Friday to two main factors: the use of higher-cost contractors and profit-sharing bonuses paid out due to the mine's strong operational performance. Regarding Casa Berardi, Lawlar clarified that the cost of sales is a GAAP metric that includes non-cash costs, and despite higher Q1 costs, the company's models still project meeting the full-year cash cost and AISC guidance.

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