Hecla Mining Co HL

Silver Producer Looks To Expand Into Latin America.

[goldennorth]

Hecla Mining looks to expand into Latin America.

"Hecla Mining (NYSE: HL), the largest silver producer in the United States, is looking to expand into Mexico, Peru and two other countries in Latin America to speed up growth once it consolidates its position in Canada."

https://www.mining.com/hecla-mining-looks-to-grow-into-latin-america/

Hecla Mining Company January 2024 Update.

https://s29.q4cdn.com/244919359/files/doc_presentations/2024/Jan/17/january-ir-update_final.pdf

 

[mattbigham]

Awaiting this part of the vision statement: "Hecla is looking to expand into Mexico, Peru and two other countries in Latin America to speed up growth ONCE IT CONSOLIDATES ITS POSITION in Canada."

[Heywood_Silvers]

Good luck with that - HL seems to have problems developing the bloated amount of projects already in their stable.

[mattbigham]

HL acquired and developed Alexco's Keno Hill into a profitable producer in 1.25 years. 2023 Production was 1.5 million oz of silver eq and they produced 604,000 oz Q3/23 for at least 2.4 m oz Ag Eq in 2024. The Keno mill is designed for over 4 million oz of production capacity and there is room for expansion to over 6 million oz of production within the existing facilities. HL acquired ATAC

[Heywood_Silvers]

I got sucked into the HL story via the ATAC acquisition.  I just hope no more of my juniors get acquired by Helca.  Want to know why?  Because when HL acquires a junior via a share swap they tell the brokers that the transaction is "taxable" and it clearly is not.  I even provided PROOF via multiple references to the IRC tax law to HL investor relations/tax department

[HuskySW]

Yup the last paragraph is about right. Expansion into SA is probably click bait.  Silver X financials are a good read not. As for Mmg they probably need to get to Axu status first...  lol As for the global shortage of silver hmmmm.