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Hecla reports Q1 2022 silver production down year-over-year, says on track to grow output

Vladimir Basov

Kitco News

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(Kitco News) - Hecla Mining (NYSE: HL) today announced silver production of 3.3 million ounces in Q1 2022, down 6% compared to Q1 2021 (3.5 Moz) and up 3% over Q4 2021.

The company's gold production was 41,642 ounces in Q1 2022, a decrease of 20% over Q1 2021.

Hecla also produced 10,863 tonnes of lead (Q1 2021: 10,703 tonnes) and 14,947 tonnes of zinc (Q1 2021: 16,107 tonnes).

"Hecla, United States' largest silver producer with the country's largest reserves, saw solid production from all three operations," said Hecla's President and CEO Phillips S. Baker, Jr. "Greens Creek's production increased due to slightly higher grades. Lucky Friday's production has now had six quarters with production above 830 thousand ounces, positioning production to grow to over a million ounces a quarter for the remainder of the year. At Casa Berardi, production was as planned with the mill processing more 160 Pit material."

He added that Hecla is on track to grow silver production this year and for each of the next two years while also being the United States' third largest zinc producer.

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 North America.

 New Gold reports gold production growth in Q1 2021, copper production down 41%
By Vladimir Basov

For Kitco News

Contact vbasov@kitco.com
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