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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

Comment by roberto146on Jun 26, 2024 2:38pm
92 Views
Post# 36107507

RE:Apparent VGCX loss of slope & leach containment

RE:Apparent VGCX loss of slope & leach containmentManagement's worst nighmare - an army of ESG enthusiasts, multiple levels of government bureaucrats, possibly a long list of class-action harvesters, first nations, politicians, and media for months or years. I say possibly for the class-action guys because Victoria doesn't have a huge amount of cash, their current account status is about net-zero, paying for the damage won't be cheap and it will be the ongoing senior priority. 
That SSRM event in Turkey, although way more serious, has generated suspension of mining permits and there are now well over 600(!) postings from the class action types jamming up the SSRM board. (I had nothing to do a while back and checked!) SSRM does have good cash and other resources to generate more.
(HL did have a wave of class-action postings when Lucky happened, but they dried up fairly quickly - the basis was that the shares had dropped from 4.50 and holders lost money, but the price did recover. Havent' noticed how that's going).
SSRM went down about 50% initially, but they have other operations other than Turkey.
VGCX is a single mine operation. It could be an interesting speculation at 1.30, but I'm not up for it. There's often a bounce-back, but in the case of SSRM, after the bump it's back to where it was when the slide happened in Feb.

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