Business
Hecla Mining Announces Second Quarter 2024 Production; 10% increase in silver production over year-to-date 2023
10% increase in silver production over year-to-date 2023 COEUR D'ALENE, Idaho / Jul 10, 2024 / Business Wire / Hecla Mining Company (NYSE:HL) today announced it
About this update from Hecla Mining Company
[{"type":"text","content":"10% increase in silver production over year-to-date 2023 COEUR D'ALENE, Idaho / Jul 10, 2024 / Business Wire / Hecla Mining Company (NYSE:HL) today announced its preliminary production results for the second quarter of 2024. HIGHLIGHTS Year to Date (\"YTD\") 2024 compared to YTD 2023 10% increase in silver production Keno Hill produced 1.5 million ounces of silver, with milled throughput of 341 tons per day (\"tpd\") YTD and 406 tpd in the second quarter Record quarterly throughput at Lucky Friday of 1,181 tpd 4% increase in Casa Berardi's gold production “Hecla produced 4.5 million silver ounces during the quarter, an increase of 6% over the prior quarter, reflecting a full quarter of production at Lucky Friday with record throughput, improved throughput at Keno Hill and another solid performance by Greens Creek,\" said Cassie Boggs, Interim President and CEO. \"At Keno Hill we continue to focus on improving the safety culture and environmental performance, positioning the mine for long term success and while our actions are starting to show positive results, more work is required at this operation. We are also in contact with and continue to monitor the positions of First Nation of Na-Cho Nyäk Dun, on whose Traditional Territory Keno Hill is partly located.\" Boggs continued, “With Keno Hill's expected silver production to exceed 2.7 million ounces this year, Hecla is on track to produce about 17 million ounces in 2024, a nearly 20% growth rate from 2023, making Hecla the fastest growing established silver producer with production growth in the best geographical regions.\" OPERATIONS Greens Creek Greens Creek produced 2.2 million ounces of silver and 14,137 ounces of gold in the second quarter, a decrease of 9% and 3%, respectively, compared to the first quarter, while processing 2,481 tpd. Silver production declined primarily due to grades reverting to plan resulting in a decrease of 6% compared to the first quarter, as well as slightly lower throughput. Lucky Friday Lucky Friday produced 1.3 million ounces of silver in the quarter, an increase of 23% over the first quarter, reflecting a full quarter of production compared to the first quarter when production resumed on January 9. Mill throughput was a quarterly record at 1,181 tpd, as the mine continues to see the benefit of investment in infrastructure and the UCB mining me...