Bullboard - Stock Discussion Forum Hecla Mining Co HL.PR.B

Primary Symbol: HL

Metals & Mining Silver

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... see more

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Hecla Mining Co > 5 Silver Mining shocks to watch ~ Written by Madhurima Das

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Post by HuskySW on Apr 03, 2024 3:17pm

5 Silver Mining shocks to watch ~ Written by Madhurima Das

"Hecla Mining: For 2023, the company reported the second-largest silver reserves, largest gold resource, and second-highest silver production and revenues in its history. This is commendable, considering that operations at Lucky Friday were halted for five months due to fire. The upside was driven by the strong performance at Greens Creek. Keno Hill produced 1.5 million ounces in 2023, with the Bermingham deposit achieving the highest mined tonnage in December. The Lucky Friday mine has restarted production this year and is expected to produce 5-5.3 million ounces of silver in 2024. Consolidated silver production is expected to increase year over year to 16.5-17.5 million ounces in 2024 and increase 30% from that recorded in 2023 to 18.0-20.0 million ounces by 2026. The company already produces 45% of the U.S. silver, and has the largest and highest-grade silver reserve base in the United States. It is gearing up to be Canada’s largest silver producer by 2024."

https://www.nasdaq.com/articles/5-silver-mining-stocks-to-watch-amid-industry-challenges

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