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Hecla Mining Company - HL STOCK NEWS

Welcome to our dedicated page for Hecla Mining Company news (Ticker: HL), a resource for investors and traders seeking the latest updates and insights on Hecla Mining Company stock.

Hecla Mining Company (NYSE: HL) is a prominent player in the mining industry, specializing in the discovery, acquisition, development, production, and marketing of mineral resources. The company mainly focuses on the exploration and production of silver, gold, zinc, and other valuable metals. Hecla’s operations are diversified across several key segments, including Greens Creek, Lucky Friday, Keno Hill, Casa Berardi, and Nevada Operations, with the Greens Creek segment generating the maximum revenue.

Hecla Mining has a significant geographical footprint, operating across Canada, the United States, and Mexico, but derives the majority of its revenue from the United States. This diversified geographic presence helps the company mitigate risks and capitalize on various market opportunities.

Hecla's enduring success is largely attributed to its dedicated workforce. The company emphasizes that its people are its greatest resource, whose dedication and group effort drive the company forward.

In terms of financial stability, Hecla has consistently demonstrated its ability to generate profits through its core operations. The company is committed to creating value for its shareholders by efficiently managing its resources and continuously exploring new opportunities for growth.

Hecla Mining Company remains a critical entity in the mining sector due to its robust operational strategy, significant mineral reserves, and a clear commitment to sustainable and profitable resource management.

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Hecla Mining Company (NYSE:HL) announced the dismissal of the 'bad actor' lawsuit targeting its Libby Exploration Project in Montana. The lawsuit was dismissed following the retirement of Hecla's former CEO, Phillips Baker Jr. Filed by environmental groups and tribes against the Montana Department of Environmental Quality (MDEQ), the lawsuit claimed Baker's past involvement with Pegasus Gold's bankruptcy should disqualify Hecla from receiving exploration and mining permits. With the lawsuit dismissed, Hecla now aims to advance the permitting of its silver-copper Libby Project.

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Hecla Mining Company (NYSE:HL) has announced its preliminary production results for Q2 2024, highlighting a 10% year-to-date increase in silver production compared to 2023.

The Keno Hill mine achieved 1.5 million ounces of silver, with a throughput of 341 tons per day year-to-date, increasing to 406 tpd in Q2. Lucky Friday mine reported record quarterly throughput of 1,181 tpd, with a 23% increase in silver production over Q1.

Casa Berardi's gold production rose by 4%, while Greens Creek's silver and gold outputs declined by 9% and 3% respectively, due to lower grades and throughput. Hecla produced 4.5 million silver ounces in Q2, a 6% rise from Q1. The company's projected annual silver production is 17 million ounces for 2024, marking a nearly 20% growth from 2023.

The company also collected $17.8 million in insurance proceeds this quarter, totaling $35.2 million of the $50 million policy sub-limit. Despite significant achievements, Hecla continues to focus on improving safety and environmental practices, particularly at Keno Hill.

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Hecla Mining Company (NYSE: HL) has announced a leadership transition with Catherine J. “Cassie” Boggs appointed as the Interim President and CEO. Ms. Boggs, currently the Chair of the Board, succeeds Phillips S. Baker Jr., who is retiring after nearly 23 years of service. In addition to her new role, she will continue as Chair of the Board, and Charles B. Stanley will serve as Lead Independent Director starting May 23, 2024. Ms. Boggs will be supported by a committee of senior executives. The Board has initiated a search for a permanent CEO.

Ms. Boggs brings over 40 years of mining industry experience, including roles at Resource Capital Funds, Barrick Gold , and Tethyan Copper Company. The company assures that day-to-day operations will remain unaffected during the transition.

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Hecla Mining Company (NYSE: HL) has released its 2023 Sustainability Report, detailing the company's ESG (Environmental, Social, and Governance) performance amidst operational disruptions from wildfires in Quebec and severe weather in Alaska. Key highlights include an $855 million direct economic impact on local communities, over 40,000 hours of safety and health training, a 16% lower All-Injury Frequency Rate than the US average, a 5% increase in women in professional roles, a 36% reduction in Scope 1 & 2 GHG emissions since 2019, and achieving net zero carbon emissions for the third consecutive year using carbon offset credits. The report follows GRI Standards and benchmarks against SASB Metals and Mining standards, TCFD guidelines, and the TSM framework for the Casa Berardi mine in Quebec.

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Hecla Mining Company (NYSE:HL) reported strong first quarter 2024 results with operational highlights including increased silver production, improved safety measures, and financial sales of $189.5 million. The company affirmed its 2024 production and cost guidance, reiterating its position as the largest U.S. silver producer and projected growth in silver production up to 20 million ounces by 2026.

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Hecla Mining Company (HL) is set to announce its first quarter 2024 operational and financial results on May 8, 2024, followed by a conference call and webcast on May 9, 2024. Investors can participate in one-on-one calls with management members after the conference call.
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Hecla Mining Company (HL) reported a 43% increase in silver production in the first quarter of 2024 compared to the prior quarter. Gold production remained steady, with significant production increases at Greens Creek and Lucky Friday mines. Positive outlook for continued growth in production.
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Hecla Mining Company's CFO to Present at Gold Forum Europe 2024 in Zurich
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Hecla Mining Company (HL) filed NI43-101 Technical Reports for Casa Berardi and Keno Hill mines. Keno Hill Silver reserves increased by 45% to 55M ounces with a 10% rise over 2022. Casa Berardi Gold reserves decreased by 21% to 1.3M ounces due to operational changes. Both mines show positive cash flow projections and NPV at current metal prices.
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Hecla Mining Company appoints Mark P. Board as a Director, bringing over 45 years of mining and geotechnical engineering experience to the company.
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FAQ

What does Hecla Mining Company specialize in?

Hecla Mining Company specializes in the discovery, acquisition, development, production, and marketing of mineral resources, primarily focusing on silver, gold, zinc, and other metals.

Where does Hecla Mining Company operate?

Hecla Mining Company operates in Canada, the United States, and Mexico, with the majority of its revenue generated from the United States.

What are the main segments of Hecla Mining Company?

The main segments of Hecla Mining Company are Greens Creek, Lucky Friday, Keno Hill, Casa Berardi, and Nevada Operations.

Which segment generates the most revenue for Hecla Mining?

The Greens Creek segment generates the most revenue for Hecla Mining Company.

How does Hecla Mining Company create value for its shareholders?

Hecla Mining creates value for its shareholders by efficiently managing its mineral resources, exploring new opportunities, and maintaining profitable operations.

Why is Hecla Mining Company's workforce important?

Hecla Mining Company's workforce is crucial because their dedication, diligence, and group effort drive the company's success and operational efficiency.

What metals does Hecla Mining Company produce?

Hecla Mining Company produces silver, gold, zinc, and other metals.

What is Hecla Mining Company's mission?

Hecla Mining Company's mission is to create value for shareholders by discovering, acquiring, developing, producing, and marketing mineral resources profitably.

How does Hecla Mining Company ensure financial stability?

Hecla Mining Company ensures financial stability by generating profits through core operations and continuously exploring new growth opportunities.

What makes Hecla Mining Company a key player in the mining sector?

Hecla Mining Company is a key player due to its robust operational strategy, significant mineral reserves, and commitment to sustainable and profitable resource management.

Hecla Mining Company

NYSE:HL

HL Rankings

HL Stock Data

3.77B
626.29M
6.36%
64.38%
3.35%
Silver Ore Mining
Mining, Quarrying, and Oil and Gas Extraction
Link
United States of America
COEUR D'ALENE