Got spanked with a fine, it could have been worse."Yukon-based subsidiary has been hit with a C$100,000 fine for overlooking certain environmental risks at its large silver mine situated 350 km north of Whitehorse, according reports by CBC News. The unit, Alexco Keno Hill Mining, pled guilty to failing to store hazardous waste properly and meet certain water quality standards on Wednesday. Alexco operates the Keno Hill mine, which Hecla acquired in 2022 and is expected to produce 2.7-3.0 million oz. of silver this year."
Hecla needs to fix and keep this stuff fixed. Storage of a some copper sulfate, etc is one thing, water discharge is another (water license).
BTW, under Alexco (AXU) the original mandated intent was to do a complete and final cleanup with remediation and ground cover, from what I remember this mandate got changed into remediation into perpituity. It is apparent tht YTG is getting more and more sensitized to pollution, remediation on current mines (and there are some major ones) is one thing addtional pollution is another. That said even Victoria got slapped recently along with some others. There are still major abandoned onging mine remediation projects, some mid (old KH workings in there) and a smattering of smaller ones.
There is no reason why a company that has operated for 100+ yo should not be returning more value, maybe there is some issue? For example 3m oz py was not unusual, UKHM was producing way more than that in the 50's....80's. . Run avg. price of silver over net realized for the period, a lot of things may make more sense... ;)
Point is imo, which is why I don't seriously look at the junior plays, they exist to poke holes, keep people working and raise cash (yours), CAM comes to mind lol. That's all good, no issue here every twenty years or so one out one hundred juniors may develop into a large mine. ;)
IMO Hecla needs to concentrate on what the have, look to reduce cost, keep people emplyed and that doesn't mean just hauling more to surface, eventually the economy of scale doesn't work. Or maybe the management and board just want to cruise along untill they run out of gas?
https://www.mining.com/heclas-yukon-unit-fined-c100000-for-environmental-risks/
https://www.cbc.ca/news/canada/north/yukon-keno-hill-mine-alexco-1.7218635