Mining News
Hecla says its Q2 2021 silver production 'second highest' since 2016
(Kitco News) - Hecla Mining Company (NYSE:HL), the largest silver producer in the United States, today announced that its Q2 2021 silver production was 3.5 million ounces, an increase of 4% compared to Q2 2020 due to full production at Lucky Friday, whereas gold production of 59,139 ounces was 1% lower compared to Q2 2020.
The company's zinc production of 17,211 tons decreased 4% due to lower grades at Greens Creek and lead production of 11,541 tons increased 29% due to Lucky Friday production. Production of all metals was higher than the first quarter of 2021, Hecla added.
"With steady growth in silver production at the Lucky Friday Mine and solid operating performance from our Greens Creek Mine, we achieved our second highest quarterly silver production since 2016," said president and CEO Phillips S. Baker, Jr. "This strong performance combined with steady prices delivered an increase of approximately $41 million in cash, the fifth consecutive quarter of increasing cash reserves and one of the highest increases in Hecla's history."
Founded in 1891, Hecla Mining is the largest silver producer in the United States. In addition to operating mines in Alaska, Idaho, and Quebec, Canada, the company owns a number of exploration and pre-development projects in world-class silver and gold mining districts throughout North America.
