Hecla achieves 2021 guidance with 'strong' production from all mines
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(Kitco News) - Hecla Mining (NYSE:HL) today announced that the company achieved its 2021 guidance with annual production of 12.9 million ounces of silver, 201,326 ounces of gold, 43,011 tons of lead and 63,617 tons of zinc.
The company said that all three mines reported strong production with significant production growth at Lucky Friday and Casa Berardi.
"Lucky Friday increased production by 75% over the prior year primarily because in 2021 the mine was in full production for the entire year," commented president and CEO Phillips S. Baker, Jr. "The 2020 and 2021 investments helped Casa Berardi produce 11% more gold ounces than in 2020 and 25% more than in the third quarter."
He added that at Greens Creek, silver grades improved after resolving the third quarter mine sequencing issues, as a result fourth quarter production was 2.3 million ounces of silver and over 9 million ounces for the year.
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Baker continued, "Even with doubling our exploration expenditures from 2020 and further enhancing our silver-linked dividend, our strong operational performance in 2021 delivered an increase of $80 million to our cash balance. With a strong operational and financial year behind us, we expect to continue to build on these achievements in 2022."
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.