Hecla Mining Reports Q1 Gold Production Of 36,592 Ounces, In Line With Prior Quarter; Silver Production 4.2M Ounces, Up 43% Q/Q
Portfolio Pulse from Benzinga Newsdesk
Hecla Mining reported its Q1 gold production at 36,592 ounces, consistent with the previous quarter, and a 43% increase in silver production to 4.2 million ounces. The company anticipates producing approximately 17 million ounces of silver in 2024, with expectations to increase production to about 20 million ounces by 2026.
April 08, 2024 | 9:27 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Hecla Mining reported stable Q1 gold production and a significant increase in silver production, with ambitious production targets for the coming years.
The reported increase in silver production and the ambitious future production targets are likely to be viewed positively by investors, potentially leading to an increase in stock price in the short term. The consistency in gold production also indicates operational stability, further supporting investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100