Welcome to our dedicated page for Hecla Mining news (Ticker: HL), a resource for investors and traders seeking the latest updates and insights on Hecla Mining stock.
Hecla Mining Company reports operating and financial developments for a North American silver producer with mines in Alaska and Idaho, a ramping mine in the Yukon, and exploration and pre-development projects in silver and gold districts. Company updates commonly cover silver and gold production, realized metal prices, cash costs, AISC, free cash flow, and mine-level performance at operations such as Greens Creek, Lucky Friday, and Keno Hill.
Hecla news also includes reserve and resource reporting, exploration programs, dividends on common and Series B cumulative convertible preferred stock, and capital-structure actions. Recent corporate updates document the completed sale of the Casa Berardi business and the redemption of senior notes, reflecting a sharper focus on the company's silver portfolio.
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Hecla Mining Company (NYSE:HL) announced plans to release its first quarter 2023 operational and financial results before the market opens on May 10, 2023. A conference call and webcast will follow on the same day at 10:00 a.m. Eastern Time to discuss the results, with specific call-in numbers for US and international participants. Hecla will also provide opportunities for one-on-one calls with management after the conference call. As the largest silver producer in the United States, Hecla operates mines in Alaska, Idaho, and Quebec, Canada, while developing a new mine in Yukon, Canada and holding various exploration projects across North America.
Hecla Mining Company (NYSE:HL) reported a notable 10% increase in silver production to approximately 4.04 million ounces in Q1 2023, compared to Q4 2022. This performance is attributed to a 14% increase at its Greens Creek mine and a 3% increase at its Lucky Friday mine. However, gold production fell 9% to about 39,571 ounces, primarily due to lower underground processing and grades at the Casa Berardi mine. Hecla anticipates producing over 2.5 million ounces of silver this year, with plans to ramp up production to 20 million ounces by 2025. Development at Keno Hill is progressing with a targeted mill startup in Q3 2023.
Hecla Mining Company (NYSE:HL) has announced a definitive agreement to acquire ATAC Resources Ltd. for C$31 million, with additional investments totaling C$39 million. The acquisition includes ATAC's Rackla and Connaught projects in Yukon, Canada. Hecla will offer shareholders a premium of 66% over ATAC's 20-day volume-weighted average price, or 109% when considering a new exploration company, Cascadia Minerals Ltd., to which Hecla will also contribute C$2 million. This strategic move is aimed at consolidating Hecla's position as a leading silver producer in North America, enhancing liquidity and capital markets profile for ATAC shareholders. The transaction signifies Hecla's commitment to expanding in high-potential mining jurisdictions.
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.