Hecla Mining Touts 'Lucky Friday,' Plans 20M Ounces Of Silver Production By 2025
Portfolio Pulse from Nabaparna Bhattacharya
Hecla Mining Company (NYSE:HL) has released its preliminary silver and gold production for Q2 and H1 2023. Silver production fell 5% from Q1, while gold production slumped 11%. The company's CEO, Phillips S. Baker, Jr., stated that Hecla is the world's fastest-growing established silver producer and expects to produce about 20 million ounces of silver by 2025. HL shares are trading higher by 0.51% to $5.86 in the premarket session.
July 13, 2023 | 2:13 pm
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POSITIVE IMPACT
Hecla Mining Company reported a decrease in silver and gold production for Q2 2023 but expects to significantly increase silver production by 2025. The company's shares are trading higher in the premarket session.
Despite the reported decrease in production for Q2 2023, the company's optimistic outlook for silver production by 2025 and the increase in premarket trading indicate a positive short-term impact on the stock.
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IMPORTANCE 80
RELEVANCE 100