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Hecla: 1Q Silver, Gold Output Up From Year Ago

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Hecla Mining Co. (NYSE: HL) reports preliminary first-quarter silver production of 2.9 million ounces, up 15% from 2.5 million in the same period of 2018. Gold output rose 4% year-on-year to 60,021 ounces from 57,808. The company also lists lead production of 5,785 tons, up 3% from 5,627, while zinc output fell by 8% 13,943 tons from 15,211. “Silver production was higher in the quarter due to the standout performance from our most important mine, Greens Creek [in Alaska], with higher gold and silver grades and recoveries than the first quarter of 2018,” says Phillips S. Baker, Jr., president and chief executive officer. “As we indicated with our technical report, we expected higher grades at Greens Creek.” Silver output at the Alaskan mine rose 17% to 2.2 million ounces in the first quarter from 1.9 million in the year-ago period. A strike continues at the Lucky Friday mine in Idaho, although Baker notes that first-quarter output of 173,627 silver ounces topped the total for all of 2018.

By Allen Sykora of Kitco News; asykora@kitco.com

 

B2Gold: 1Q Gold Production 6% Above Budget

Thursday April 18, 2019 09:30

B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) reports first-quarter gold production of 230,859 ounces, which the company says was 6% -- or 12,704 ounces -- above budget. Gold production from the Fekola, Masbate, Otjikoto and El Limon mines all exceeded targeted production, B2Gold says. Compared to the same period a year ago, however, gold output dipped by 8,825 ounces. The company lists gold revenue of $302 million on sales of 232,076 ounces, which officials say was 6% above budget. “Given the gold production outperformance in the first quarter of 2019, mainly at Fekola and Masbate, B2Gold remains well positioned for continued strong operational and financial performance with consolidated gold production for full-year 2019 forecast to be in the range of between 935,000 and 975,000 ounces,” B2Gold says. “For the first half of 2019, consolidated gold production is forecast to be between 436,000 and 456,000 ounces of gold before significantly increasing to between 499,000 and 519,000 ounces in the second-half of 2019.”

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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