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.
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.
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.