Hecla Mining Company · NYSE:HL
Hecla Mining — Shareholder Meeting (May 2022)
16 slides from Hecla Mining's shareholder meeting presentation, May 26, 2022
Slide 1: Hecla Mining Company: Annual Meeting of Shareholders
HECLA MINING COMPANY United States’ Largest Silver Producer Annual Meeting of Shareholders May 26, 2022 RESPONSIBLE. SAFE. INNOVATIVE. NYSE: HL
Slide 2: Cautionary Statements
CAUTIONARY STATEMENTS Cautionary Statement Regarding Forward Looking Statements This presentation contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended
Slide 3: Cautionary Statements (cont'd)
CAUTIONARY STATEMENTS (cont’d) Cautionary Note Regarding Reserves and Resources This presentation uses the terms “mineral resources,” “measured mineral resources,” “indicated mineral resources” and “inferred mineral resources.” Mineral resources that are not mineral reserves do not have demonstrated
Slide 4: 130 Years of Time-Tested Success
130 YEARS OF TIME-TESTED SUCCESS High-grade, low-cost silver mines: Foundations of a solid present and a strong future • 130 years old, 80 years of mining at the Lucky Friday • Largest silver and third largest zinc producer in Low Operating the U.S. Risk Portfolio • Among the top 15 largest silver p
Slide 5: Right Jurisdiction, Metals and Mines
RIGHT JURISDICTION, METALS AND MINES World’s Best Silver Mines Greens Creek: Largest silver mine in the U.S. • Since 1987: Generated $2.6 billion in cash flow from operations and $1.7 billion in free cash flow; $185 million in free cash flow in 2021 • Reserve life of 14 years, had a reserve mine lif
Slide 6: Our Environmental Footprint Is Small
OUR ENVIRONMENTAL FOOTPRINT IS SMALL Metals we produce are essential to a low carbon future • Largest producer of silver and 3rd largest zinc producer in the U.S. Both the metals - • Are vital for renewable energy and decarbonization of our society • Have diverse uses in solar panels, electric vehic
Slide 7: Hecla Is Among the Safest Mining Companies
HECLA IS AMONG THE SAFEST MINING COMPANIES Implemented NMA’s CORESafety in 2012, became industry leader 76% reduction since SHMS inception • ~49,000 hours of safety and health training in 2021 • Reduced AIFR by 76% since 2012 • Hecla 1.45 rate in 2021 is 30% better than national average NYSE: HL RES
Slide 8: Hecla Changes Lives
HECLA CHANGES LIVES Largest private employer within the communities we operate, jobs and benefits that last a lifetime • Total economic impact of $700 million in 2021 • More than $845K in scholarships and donations • More than a living wage – longevity, benefits • Support for communities during COVI
Slide 9: Lucky Friday on Track to Be 5 Moz/Yr Producer
LUCKY FRIDAY ON TRACK TO BE 5 Moz/YR PRODUCER Higher grades at depth are supported by success of UCB mining method 30 Vein – *AgEq Grade (opt) < 10 10 - 20 MINED 20 - 30 1997 – 2021 30 - 35 > 35 December 31, 2021 6500 LEVEL *Ag Equivalent Values Based on metal prices of $17/oz Ag, $0.90/lb Pb, and $
Slide 10: Underhand Closed Bench Mining Method
UNDERHAND CLOSED BENCH MINING METHOD Large scale blasting proactively manages seismic risk and increases throughput • The UCB method uses advanced drilling and blasting techniques to proactively fragment the mineralized ore zone • Safer: miners work below engineered backfill and above a de-stressed
Slide 11: Lucky Friday: Positioned for Long-Term Value
LUCKY FRIDAY: POSITIONED FOR LONG-TERM VALUE Average production of 5 Moz/YR from 2022-2031 Lucky Friday: Silver Production by Decade* (Millions oz) 51 2x Production in the next decade 30 28 28 27 26 18 1962-1971 1972-1981 1982-1991 1992-2001 2002-2011 2012-2021 2022-2031 * Source: S-K 1300 Report fo
Slide 12: Lucky Friday: 2021 Economic Impact
LUCKY FRIDAY: 2021 ECONOMIC IMPACT Hecla is the largest private-sector employer and taxpayer in the Silver Valley Lucky Friday: Total Economic Impact in 2021 $107 Million Taxes and fees $11 M 10% Wages $43 M 40% Purchases from Vendors $53 M 50% NYSE: HL RESPONSIBLE. SAFE. INNOVATIVE. l 12
Slide 13: Our Community Footprint
OUR COMMUNITY FOOTPRINT A valued partner for 130 years • 130 years of operations in the Silver Valley • Hecla Charitable Foundation • $2.2M in Idaho grants since 2008 • $100k to historic Wallace Pool Renovation • Annual funding of youth work programs in Wallace and Mullan • Wallace Chamber “Buy Loca
Slide 14: Generations of Employment
GENERATIONS OF EMPLOYMENT Hecla takes pride in being integral to the communities NYSE: HL RESPONSIBLE. SAFE. INNOVATIVE. l 14
Slide 15: Retiring Directors
RETIRING DIRECTORS Term Ending at the 2022 Annual Meeting NYSE: HL RESPONSIBLE. SAFE. INNOVATIVE. l 15
Slide 16: Hecla Mining Company
HECLA MINING COMPANY United States’ Largest Silver Producer Annual Meeting of Shareholders May 26, 2022 RESPONSIBLE. SAFE. INNOVATIVE. NYSE: HL
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