Hecla Mining reports Q3 silver production down 8% vs. previous quarter

Reports Q3 gold production up 11%, lead down 37%, zinc down 12% vs. previous quarter. “Silver production continues to grow with almost a million ounces more this year compared to the first three quarters last year,” said Phillips Baker, Jr., CEO. “Despite less production at the Lucky Friday, Greens Creek’s consistent performance and the ramp-up of Keno Hill should allow us to be within our 2023 guidance of 14.5 to 15.5 million ounces. Casa Berardi performed as expected during the third quarter as the transition to full open pit mining continues with completion expected in mid-2024. At Lucky Friday, we continue executing the plans to bring the mine back into production with no significant impact expected on 2024 production. With our silver production expected to increase to about 20 million ounces by 2025, Hecla remains the world’s fastest-growing established silver producer, the largest in the U.S., and remains on track to become Canada’s largest next year.”