Hecla Mining Company (HL) has released an update.
Hecla Mining Company has reported a significant 43% increase in silver production for Q1 2024, with a total output of 4.2 million ounces, while gold production remained stable compared to the previous quarter. The boost in silver output was due to the full production achievement at Lucky Friday and ongoing ramp-up activities at Keno Hill, positioning the company to potentially produce up to 20 million ounces by 2026. This ramp-up aligns with the growing demand for silver, particularly in the solar industry, suggesting a favorable outlook for Hecla’s shareholders.
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