Hecla Mining Company · NYSE:HL
Hecla Mining — Gold Forum Americas 2024
16 slides from Hecla Mining's conference presentation, Sep 16, 2024
Slide 1: Gold Forum Americas
Largest U.S. silver producer, soon-to-be largest Canadian silver producer GOLD FORUM AMERICAS September 16, 2024 RESPONSIBLE. SAFE. INNOVATIVE.
Slide 2: Cautionary Statements
HECLA MINING COMPANY NYSE: HL CAUTIONARY STATEMENTS GOLD FORUM AMERICAS 2024 Cautionary Statement Regarding Forward-Looking Statements resources.” Mineral resources that are not mineral reserves do not have demonstrated economic viability. You should not assume that all or any part of measured or in
Slide 3: What Makes Hecla the Premier Silver Investment
HECLA MINING COMPANY NYSE: HL WHAT MAKES HECLA THE PREMIER SILVER INVESTMENT GOLD FORUM AMERICAS 2024 Leading Silver Producer in the World’s Best Mining Jurisdictions Largest U.S silver producer, Largest Canadian silver producer, 3rd Best In Class Silver Portfolio largest primary silver producer glo
Slide 4: Committed to Responsible Mining
HECLA MINING COMPANY NYSE: HL COMMITTED TO RESPONSIBLE MINING GOLD FORUM AMERICAS 2024 All-Injury Frequency Rate of 1.45 (*) 16% lower than the U.S. average Reduced by 76% since 2012 ~40,500 hours of safety and health training Greens Creek (0.29) and Lucky Friday (0.66) AIFR for employees and
Slide 5: Largest Silver Producer in the U.S. & Canada
HECLA MINING COMPANY NYSE: HL LARGEST SILVER PRODUCER IN THE U.S. & CANADA Source: Company Reports, World Silver Survey 2024, GOLD FORUM AMERICAS 2024 2023 World Production of Silver 2023 U.S. Silver Production (Moz) 23% Mexico 12.8 Three countries Peru Hecla mines produce ~48% of China 48% ~45% of
Slide 6: Largest U.S./Canada Reserve Base with Highest Grades
HECLA MINING COMPANY NYSE: HL LARGEST U.S./CANADA RESERVE BASE WITH HIGHEST GRADES GOLD FORUM AMERICAS 2024 Silver Reserves and Reserve Grade Silver Reserves (Moz) in U.S. and Canada Silver Reserves (Moz) Silver Grade (g/t) 2nd highest silver reserve grades, with the largest 542 reserve base in the
Slide 7: Low-Cost Profile Silver Assets
HECLA MINING COMPANY NYSE: HL LOW-COST PROFILE SILVER ASSETS GOLD FORUM AMERICAS 2024 Silver AISC Curve of Hecla and Silver Peers*– 12 Months Ended December 31, 2023 US$/oz AISC Hecla Silver Peers* 20.2 20.4 22.9 18.2 19.6 15.2 12.6 11.8 - 20,000 40,000 60,000 80,000 100,000 120,000 Silver Productio
Slide 8: Greens Creek: Flagship Mine
HECLA MINING COMPANY NYSE: HL GREENS CREEK: FLAGSHIP MINE GREENS CREEK GOLD FORUM AMERICAS 2024 Low-cost structure with AISC in best 15th percentile of cost curve of primary silver mines* History of continuous improvement since 2008 • 7% increase in silver recoveries 11th largest • 25% increase in t
Slide 9: Consistency & Innovation Free Cash Flow Engine
HECLA MINING COMPANY NYSE: HL CONSISTENCY & INNOVATION FREE CASH FLOW ENGINE GREENS CREEK GOLD FORUM AMERICAS 2024 Cumulative Cash Flow from Operations, Free Cash Flow* ($ Million) Free Cash Flow Cash Flow from Operations 3,026 Low-cost structure, high 2,857 2,716 123% grades, low capital 2,506 re
Slide 10: Lucky Friday: 2nd Cornerstone Mine
HECLA MINING COMPANY NYSE: HL LUCKY FRIDAY: 2nd CORNERSTONE MINE LUCKY FRIDAY GOLD FORUM AMERICAS 2024 On track to be a 5 Moz producer Underhand Closed Bench mining method, Production investment have positioned Lucky Friday to growth have the best decade in its 80-year history. driven by 2024 H1/202
Slide 11: Best Decade in 80 Year History Is Ahead
HECLA MINING COMPANY NYSE: HL BEST DECADE IN 80 YEAR HISTORY IS AHEAD LUCKY FRIDAY GOLD FORUM AMERICAS 2024 Silver Production by Decade* (Million oz) UCB method’s success and higher grades mined at depth ~2x 50 position Lucky Friday to be a 5Moz producer for 10+ years 30 28 28 27 26 18 1962-1971 197
Slide 12: Keno Hill: Building a Strong Foundation
HECLA MINING COMPANY NYSE: HL KENO HILL: BUILDING A STRONG FOUNDATION KENO HILL GOLD FORUM AMERICAS 2024 Land package of 88 square miles, Exploration drilling continues to confirm significant exploration potential in the district Focus on safety, environmental, mining Largest practices to mitigate r
Slide 13: Casa Berardi: Gold Exposure in Quebec
HECLA MINING COMPANY NYSE: HL CASA BERARDI: GOLD EXPOSURE IN QUEBEC CASA BERARDI GOLD FORUM AMERICAS 2024 Long-term value creation with future higher- grade pits Technical report outlines 1,036 Koz gold Transitioning production over 14 years, 5% NPV at $1950 of to full $356 Million* surface operatio
Slide 14: 2024 Focus: Investment and Deleveraging
HECLA MINING COMPANY NYSE: HL 2024 FOCUS: INVESTMENT AND DELEVERAGING GOLD FORUM AMERICAS 2024 2024 Capital Allocation Priorities Provide exposure to Investment & Growth Deleveraging increasing silver prices Historic growth at Lucky Target net leverage ratio of Silver-linked dividends Friday m
Slide 15: Silver Supply and Demand
HECLA MINING COMPANY NYSE: HL SILVER SUPPLY AND DEMAND GOLD FORUM AMERICAS 2024 2023 SILVER DEMAND: 1,195MOZ 2023 SILVER SUPPLY: 1,010MOZ Other 3% Jewelry and Silverware Photo Recycling Mine Prod. - Other 18% Primary Silver 22% voltaics 24% 23% 29% Brazing Alloys Electronics 49% Mine Prod. - and Inv
Slide 16: Thank You
THANK YOU RESPONSIBLE. SAFE. INNOVATIVE.