company profile
Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal properties in the United States and internationally. The company offers lead, zinc, and bulk concentrates, as well as carbon materials to custom smelters, metal traders, and third-party processors; and unrefined gold and silver bullion bars to precious metals traders. It owns 100% interests in the Greens Creek mine located on Admiralty Island in southeast Alaska; the Lucky Friday mine located in northern Idaho; the Casa Berardi mine located in the Abitibi region of northwestern Quebec, Canada; and the San Sebastian mine located in the city of Durango, Mexico. The company also holds 100% interests in the Fire Creek mine located in Lander County, Nevada; and the Hollister and Midas mines located in Elko County, Nevada. Hecla Mining Company was founded in 1891 and is headquartered in Coeur d’Alene, Idaho.
vista's key points
- United States largest silver producer
- Operating mines in Alaska and Idaho and is a growing gold producer with an operating mine in Quebec
- Hecla has exploration and pre-development properties in eight world-class silver and gold mining districts in the U.S., Canada, and Mexico
VISTA'S PROGRESS REPORT
Hecla recently reported that its U.S. silver production was 15% higher than the year before and more than 50% higher than 2018. Their Silver production of 13.5 million ounces, an increase of 7%, was the second highest production only to 2016. Their gold production of 208,962 ounces was also Hecla’s highest gold production. They also reported to have strengthened their balance sheet with their year-end cash position of $131 million with their credit facility undrawn.
Lastly, they highlighted a net debt reduction of approximately $75 million, or 16%, from March 31, 2020, increased dividends, & that they have doubled exploration expenditures.
Read Morevista's key points
- United States largest silver producer
- Operating mines in Alaska and Idaho and is a growing gold producer with an operating mine in Quebec
- Hecla has exploration and pre-development properties in eight world-class silver and gold mining districts in the U.S., Canada, and Mexico
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