Welcome to our dedicated page for Hecla Mining Co news (Ticker: HL), a resource for investors and traders seeking the latest updates and insights on Hecla Mining Co stock.
Hecla Mining Company (HL) maintains this dedicated news hub for investors and stakeholders tracking developments in precious metals mining. Our curated collection provides timely access to official press releases, operational updates, and financial disclosures from North America's largest silver producer.
Key resources include: Quarterly earnings reports detailing production volumes from flagship operations like Greens Creek, strategic acquisition announcements, safety and sustainability initiatives, and leadership updates. All content is sourced directly from company filings and vetted for accuracy.
Bookmark this page to monitor Hecla's progress in silver, gold, and zinc production across its U.S., Canadian, and Mexican operations. Regular updates provide insights into mine development timelines, commodity market positioning, and operational efficiency metrics critical for informed analysis of this NYSE-listed mining enterprise.
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.
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.
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.
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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