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Hecla Announces Q1 2021 Production
April 8, 2021 GMT
COEUR D’ALENE, Idaho (BUSINESS WIRE) Apr 8, 2021
Hecla Mining Company ( NYSE:HL ) today announced its preliminary silver and gold production for the first quarter of 2021. 1
HIGHLIGHTS
Gold production of 52,004, a decrease of 12%, because of reducing less profitable production.
Zinc and lead production increased 25% and 82%, respectively, due to Lucky Friday production.
Silver equivalent production of 9.3 million ounces or gold equivalent production of 135,946 ounces. 2
Quarter-end cash position exceeds $135 million.
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“Greens Creek, Lucky Friday and Casa Berardi all had strong operating performance which combined with current silver prices enabled us to close the quarter with more than $135 million in cash,” said Hecla’s President and CEO, Phillips S. Baker, Jr. “This is our fourth consecutive quarter of
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Lucky Friday shaft project to drive higher silver output for Hecla
Underground mining at Hecla’s Lucky Friday operation in Idaho. Credit: Hecla Mining
After completing and ramping up the #4 Shaft project at its Lucky Friday mine in Idaho, US-focused silver and gold producer Hecla Mining (NYSE: HL) produced 3.5 million oz. of silver in the first quarter, a 7% and 11% increase over the first quarter of 2020 and the last three months of the year.
Lucky Friday contributed 863,901 oz. of the precious metal between January and March, an 802% increase over the same period last year; the year-on-year change was also due to a three-year strike at the mine which ended in January 2020 and was followed by a ramp-up period.
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Lucky Friday shaft project to drive higher silver output for Hecla April 8, 2021
Commodities
Underground at Lucky Friday. Credit: Hecla Mining
After completing and ramping up the #4 Shaft project at its Lucky Friday mine in Idaho, U.S.-focused silver and gold producer
Hecla Mining (NYSE: HL) produced 3.5 million oz. of silver in the first quarter, a 7% and 11% increase over the first quarter of 2020 and the last three months of the year. Lucky Friday contributed 863,901 oz. of the precious metal between January and March, an 802% increase over the same period last year; the year-on-year change was also due to a
three-year strike at the mine which ended in January 2020 and was followed by a ramp-up period.
Nevada
United-states
Greens-creek
Alaska
Quebec
Canada
Idaho
Fire-creek
Phillips-baker-jr
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