Hecla Mining Reported Keno Hill Begins Ramp-up, Lucky Friday Reports Highest Quarterly Silver Production In More Than 20 Years
Portfolio Pulse from Charles Gross
Hecla Mining Company (NYSE:HL) reported its preliminary silver and gold production for Q2 and H1 2023. Silver production increased by 13% YTD, driven by a 21% increase at Lucky Friday and a 6% increase at Greens Creek. Gold production decreased by 14%. Keno Hill produced 184,264 ounces of silver, operating at 75% of the targeted throughput. Lucky Friday reported its highest quarterly silver production in over 20 years.
July 13, 2023 | 10:42 am
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POSITIVE IMPACT
Hecla Mining's increased silver production and the ramp-up of Keno Hill could positively impact the company's stock. However, the decrease in gold production might offset some of these gains.
The increase in silver production and the ramp-up of Keno Hill are positive indicators for Hecla Mining's performance. These factors could drive the company's stock price up. However, the decrease in gold production could have a negative impact, potentially offsetting some of the gains from the increased silver production.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100