Hecla Mining Announces Update On The Lucky Friday Mine; Reports Fall Of Ground In The Mine's #2 Shaft
Portfolio Pulse from Benzinga Newsdesk
Hecla Mining has reported a fall of ground in the Lucky Friday Mine's #2 Shaft, which is expected to impact production and cost guidance for the mine. The company is developing a plan to resume production and will update 2023 guidance once the plan is ready.
August 21, 2023 | 10:05 am
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The incident at Hecla Mining's Lucky Friday Mine is expected to impact the company's production and cost guidance, potentially affecting the company's financial performance and stock price.
The incident at the Lucky Friday Mine is likely to disrupt Hecla Mining's production, leading to increased costs. This could negatively impact the company's financial performance, which may in turn affect the company's stock price. Therefore, the short-term impact on HL's stock price is likely to be negative.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100