Post by
mattbigham on Feb 19, 2024 10:03pm
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 .