Hecla Mining Co HL

Hecla Mining's investors will be pleased with their notable

[HuskySW]

79% return over the last five years according to Simply Wall St

What am I investing in?  

Since Im not an institution Im thinking share price and dividend increases.  (There are other forms of gambling  too  (puts, calls and more, have fun)).

Well it’s a good company based on 100+ years of survivability, ore extraction and employment. 

This link give a snapshot of HL for investors https://finance.yahoo.com/news/hecla-minings-nyse-hl-investors-113124759.html

https://finance.yahoo.com/news/hecla-minings-nyse-hl-investors-113124759.html

Only if your bored.  :)

IMO

HL has ambitions to get from current proposed production of 17m oz to 20m oz per year in 2026.  Looking at the chart thats a requirement not a wish.   20m oz per year would be HL hitting it out of the park (current $Ag oz notwithstanding) either $Ag oz needs to be higher or the 20m oz needs a shorter timeline.

Currently HL has say 200 +/-  rotating personnel on HKH, previously (last century, yeah I know so what) there were say 500+/-.  And for sure they weren’t slackers as they lived, ate and slept with the mine(s) (and not all of that was great, but…)   Considering location/costs that’s what it took to hopefully be profitable.

I believe when I look at the previous mill capacity / concentrating/ shipping cost/ infrastructure and employee numbers it is apparent HL needs to have higher KHL output.  Right now $Ag oz  is increasing  but as many have pointed out the cure for high prices is high prices and by 2026 KHL could all be over,  that’s mining for you. lol

So Keno Hill  is the HL wild card.  I don’t think there is anything else on the horizon that can be brought/bought in quickly near term.  Of course HL could go on another buying spree, never say never lol.

HKL needs to get innovative on all fronts.  Hire more talent like Mr Mark P. Board but get them into the field and pay them more than average (or whatever it takes), as a side note I see HL is seeking employees for a  number of positions for Keno Hill,  for a two week rotation the offers that I see are simply not enough.  KH employees/contractors were previously much better paid and of course theres the current Alberta effect.

 As a side bar in regards the environment and tailings (my favorite topic) , I can see that no one really wants to touch it because of the % of silver per ton has a wide variance, so what, that s not an environmental issue to solve but an engineering/technical one, just the kind of problem engineers  like to solve.

As to the assertion that silver is “the photovoltaics are the central bank of silver” that may beg a rethink as copper is increasingly being looked at in place of expensive silver for panels and in the case of EV US firms are rethinking and pulling back on production.
 
Even Mr Baker states its more of a commodity now.   Lol  

As to 11 years of reserves the sooner that gets to market safely the better. 

Best of luck to all, comments, corrections always welcome.

And always remember as I was told “Have fun”.  You know who you are. :)