Hecla Mining Co Stock Price, News & Analysis

Silver Valley Metals Corp. announced the appointment of Douglas Dobbs as Corporate Development Director, bringing over 25 years of experience. This transition follows the acquisition of the Ranger-Page project and a comprehensive exploration campaign that delivered promising results in 2022. In 2023, the company plans to initiate drilling programs targeting high-grade resources and new mineralization areas. Additionally, they closed a $0.075 Unit Private Placement Financing for $967,283.55, issuing 12,897,114 Units. The financing included insider transactions and stock options have been issued to officers and consultants.

Hecla Mining Company (NYSE:HL) announced the ratification of a 6-year Collective Bargaining Agreement with the United Steelworkers (USW) Union Local 5114 for its Lucky Friday Mine in Mullan, Idaho. The new contract features wage increases to address inflation and maintain competitiveness in the labor market. CEO Phillips S. Baker, Jr. expressed optimism about the mine's future growth, noting a 24% rise in silver production in 2022 compared to 2021. He anticipates that this decade could become the most successful in the mine's 80-year history.

Hecla Mining Company (NYSE:HL) reported a 10% increase in annual silver production, reaching 14.2 million ounces in 2022, marking their second highest output. The company's growth was driven by a 24% increase at Lucky Friday and a 5% increase at Greens Creek. However, gold production fell by 13% to 175,807 ounces, primarily due to the conclusion of operations in Nevada. Looking ahead, Keno Hill is expected to produce over 2.5 million ounces of silver in 2023, positioning Hecla to potentially reach 17 million ounces overall, solidifying its status as the largest silver producer in the U.S. and Canada.

Hecla Mining Company (NYSE: HL) will present at several investor conferences on November 28 and 30, 2022. CEO Phillips S. Baker Jr. will participate in a fireside chat and a featured panel at the Canadian Mining Symposium in London. He will also join a keynote panel on sustainable development at the Mines & Money London Conference. CFO Russell D. Lawlar will present at the Scotiabank Mining Conference in Toronto, while VP Anvita M. Patil will speak at the BofA Securities Leveraged Finance Conference in Boca Raton, Florida. Presentation materials will be available on the company’s website.

Hecla Mining Company (NYSE:HL) announced third quarter 2022 results, revealing a net loss of $23.7 million, or $0.04 per share, despite record throughput at Greens Creek and consistent silver production at Lucky Friday. Silver production guidance increased, while operating and capital costs remained stable. Key highlights include adjusted EBITDA of $26.6 million and positive cash flow from all operations year-to-date. Significant deferred sales, primarily from silver concentrate shipments, are expected to impact fourth quarter revenues. The company maintains strong liquidity with $144.7 million in cash.

Hecla Mining Company (NYSE:HL) will issue its third quarter 2022 financial results before market open on November 9, 2022. A conference call and webcast will be held on the same day at 10:00 a.m. ET to discuss the results, with call-in numbers provided for both US and international participants. The webcast will be accessible on the company’s website, with an archived version available later. Hecla Mining, established in 1891, is the largest silver producer in the US, operating mines in several states and Canada.

Hecla Mining Company (NYSE: HL) announced its third quarter 2022 preliminary production results, revealing a silver output of 3.6 million ounces, set to exceed previous guidance. Gold production remained stable at 44,747 ounces. The Keno Hill project development is on track, with 20% of preproduction completed. The company is increasing its overall production guidance for both silver and gold, establishing itself as the fastest-growing established silver producer in the U.S. and potentially Canada's largest as well.

Hecla Mining Company (NYSE:HL) announced that President and CEO Phillips S. Baker, Jr. will take part in a fireside chat during the Gold Forum Americas on Monday, September 19, 2022, at 11:40 a.m. (ET). A recorded webcast and presentation materials will be accessible afterward on the Company’s website and the Gold Forum platform. Hecla, established in 1891, is the largest silver producer in the U.S., operating mines in Alaska, Idaho, and Quebec, alongside exploration projects in North America.