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(Kitco News) - Hecla Mining (NYSE: HL) today announced silver production of 4,041,878 ounces in Q1 2023, up 22% compared to Q1 2022 (3,324,708 ounces) and an increase of 10% over Q4 2022 (3,663,433 ounces).
The company's gold production was 39,571 ounces in Q1 2023, down 5% over Q1 2022 (41,642 ounces) and a decrease of 9% from Q4 2022 (43,699 ounces).
Hecla said that Greens Creek set a new quarterly throughput record as the company continues its work towards achieving 2,600 tpd, adding that Lucky Friday reported its fourth consecutive quarter of silver production exceeding 1 million ounces.
The company noted that Keno Hill's increased development keeps it on track for commencing production in the third quarter, so silver production is expected to be in excess of 2.5 million ounces for the year.
"This quarter's production growth is an important step toward producing approximately 17 million ounces of silver this year and increasing production to 20 million ounces by 2025, allowing Hecla to continue to be the world's fastest growing established silver producer," said Phillips S. Baker, Jr., President and CEO.
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.
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