Hecla Mining Co Stock Price, News & Analysis

Hecla Mining Company (NYSE:HL) announces that President and CEO, Phillips S. Baker, Jr., will engage in a virtual fireside chat with TD Securities' Precious Metals Equity Research Analyst, Steven Green, on April 5 at 11:00 AM Eastern Time. Interested parties can access the webcast through the Hecla website or directly via a provided link. Additionally, Baker is set to present at the Gold Forum Europe 2023 in Zurich on April 11 at 1:10 PM Central European Time (7:10 AM Eastern Time), with a recording available on-demand from April 12. Hecla, established in 1891, is the leading silver producer in the U.S., operating in Alaska, Idaho, and Quebec, Canada.

Hecla Mining Company (NYSE:HL) has received the 2022 Robert E. Murray Innovation Award for its innovative Underhand Closed Bench (UCB) mining method at the Lucky Friday Mine in Idaho. This award, presented by the Society for Mining, Metallurgy, & Exploration, highlights Hecla's commitment to safety and productivity improvements in mining. The UCB method enhances miner safety by controlling seismic energy release, thereby increasing productivity. In 2022, the Lucky Friday Mine achieved record safety and production levels, setting the stage for an optimistic future as the mine continues to improve grades and output.

Hecla Mining Company (NYSE:HL) announced its participation in multiple upcoming investor conferences. Key presentations include:

• SME Annual Conference: CEO Phillips S. Baker Jr. will deliver the keynote lecture and receive the Murray Innovation Award for the Lucky Friday’s mining method on February 27, 2023, in Denver, Colorado.
• BMO Conference: Baker will present on February 28, 2023, in Hollywood, Florida.
• J.P. Morgan Conference: CFO Russell D. Lawlar will present on March 6, 2023, in Miami Beach, Florida.
• PDAC Convention: Anvita Mishra Patil will present on the same day in Toronto, Ontario.

Presentation materials will be available on the company’s website.

Hecla Mining Company (NYSE: HL) has signed a multi-year agreement with Mine Vision Systems to deploy the FaceCapture™ mapping system in its North American mines. This advanced technology will enable real-time mine face mapping, which is expected to improve production decision-making and enhance safety. By processing high-quality 3D data, it aims to reduce downtime and provide critical information to geologists promptly. With over 130 years of mining experience, Hecla continues its commitment to innovation within the industry.

Hecla Mining Company (NYSE:HL) has entered into a non-binding Letter of Intent (LOI) to acquire ATAC Resources Ltd. for C$0.14 per share, totaling C$31 million. This transaction includes the acquisition of ATAC's Rackla and Connaught projects in Yukon, Canada, along with a strategic investment of C$2 million into a new exploration company, Spinco, which will hold remaining ATAC assets. Hecla will gain a 19.9% equity stake in Spinco and the right of first refusal for its assets. The LOI is non-binding and subject to a 30-day exclusivity period. There is no guarantee that a definitive agreement will be reached.

Hecla Mining Company (NYSE:HL) reported a 10% growth in silver production for 2022 and forecasts an 18% increase for 2023, aiming for 35% by 2025. The company completed the acquisition of Alexco Resource Corp., boosting its reserves by nearly 50 million ounces. In 2022, silver production reached 14.2 million ounces and gold production totaled 175,807 ounces. Financially, Hecla reported sales of $718.9 million with a net loss applicable to common stockholders of $37.9 million. The strong balance sheet includes $104.7 million in cash. The company expects to maintain low silver costs of $11.25 per ounce despite inflationary pressures.

Hecla Mining Company (NYSE:HL) has reported a 21% increase in silver reserves, now exceeding 240 million ounces, the highest in its 130-year history. The growth is primarily attributed to the acquisition of Keno Hill, which added nearly 50 million ounces of silver. Despite this positive development, gold reserves dipped by 6% due to increased cut-off grades at Casa Berardi. Exploration results from Keno Hill and Greens Creek revealed high-grade silver mineralization across multiple targets. Hecla's exploration budget for 2023 is set at $32.5 million, primarily focusing on Greens Creek and Casa Berardi, aiming to sustain its position as a leading silver producer.

Hecla Mining Company (NYSE: HL) announces the release of its fourth quarter and full-year 2022 operational and financial results scheduled for February 15, 2023. The results will be shared before market open. Following the release, a conference call and webcast will be held at 10:00 a.m. ET on the same day, allowing stakeholders to discuss the company's performance. Interested parties can join by dialing in using the provided numbers. Hecla, the leading silver producer in the U.S., operates mines primarily in Alaska, Idaho, and Quebec, and is involved in development projects across North America.

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.