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Hecla Mining Co HL

Alternate Symbol(s):  HL.PR.B

Hecla Mining Company discovers, acquires and develops mines and other mineral interests and produces and market concentrates containing silver, gold and other metals, carbon material containing silver and gold, and unrefined dore containing silver and gold. Its segments include Greens Creek, Lucky Friday, Keno Hill, Casa Berardi and Nevada Operations. The Company produces zinc, silver and precious metals flotation concentrates at Greens Creek and silver and zinc flotation concentrates at Lucky Friday. At Greens Creek, it also produces gravity concentrate containing payable silver, gold and lead. It also produces unrefined gold and silver bullion bars (dore) and loaded carbon and precipitates at Casa Berardi, which are shipped to refiners before sale of the metals to precious metal traders. Keno Hill is located in the Keno Hill Silver District in Canada's Yukon Territory. Nevada Operations consists of four land packages in northern Nevada totaling approximately 110 square miles.


NYSE:HL - Post by User

Post by mattbighamon Feb 19, 2024 10:03pm
165 Views
Post# 35888148

2024 guidance of 40-42 million oz of Ag. Eq.

2024 guidance of 40-42 million oz of Ag. Eq.
Lucky Friday was out from the fire for five months and they spent $12m USD's on a ramp/escape way egress.
Full production resumes in Q1-which is within weeks.
Casa Berardi was hit with shutdowns from the Quebec fires and major infrastructure expenditures converting to surface mining from underground operations.
Keno Hill experienced the same issues with their workforce that Alexco reported but the Green's Creek management have been moved there to oversee operations. Keno HIll had major infrastructure expenditures in 2023 of $45m USD's.
HL will announce full commercial production at Keno Hill,expecting to produce up to 3 m oz of silver.
HL spent $32.5m USD's on exploration in 2023.

In spite of all those issues Hl's silver AISC in 2023 was $11.76 per oz.
238 million ounces of silver reserves.
2024 guidance of 40-42 million oz of Ag Eq.
15-20% increase in silver production growth in 2024
-second highest historical production-in spite of Green's Creek out for five months in 2023
-second highest historical reserves
-Largest U.S. silver producer
-Largest Canadian producer once Keno Hill is operating at full capacity

Then there's the Montana assets which require permitting. CEO Baker stated in a recent interview that investors can expect exploration permits any time from this year into the next few years.
330 million oz of silver-greater than all of HL's reserves
2.8 Billion tons of copper
20-30 years of mine life

At $22 something silver and 42 million oz of Ag Eq production HL have a massive growth profile should silver break out .




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