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Hecla to restart its Casa Berardi gold mine in Quebec after partial lifting of road access ban

Kitco Media
By Vladimir Basov
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Updated
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(Kitco News) - Hecla Mining (NYSE: HL) announced today that its Casa Berardi gold mine plans to restart operations on June 15th following the partial lifting of Quebec’s ban on access to the road to the mine.

The company said it expects to resume normal production rates in the next few days as work crews are recalled, adding that stockpiled lower-grade ore will be fed to the mill until underground and surface mining resumes.

Hecla also noted that the impact of the suspension and restart on Casa Berardi’s production and cost guidance will be updated in the second quarter earnings release.

On June 6, 2023, the company announced a temporary suspension of operations at the Casa Berardi mine due to the deteriorating forest fire conditions in the region and the closure of the access road to the mine site.

Hecla’s Casa Berardi mine is an underground/open pit gold mine located in western Quebec. In 2022, the mine produced 127,590 ounces of gold. The mine is expected to produce 110,000 to 115,000 ounces of gold in 2023.

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 is developing a mine in the Yukon, Canada, and owns a number of exploration and pre-development projects in world-class silver and gold mining districts throughout North America.

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Vladimir Basov

Vladimir (PhD, MEng in Mining) is a professional mining engineer, scientist and analyst that has more than 20 years of practical in-field and research experience. He is particularly interested in collecting, processing baseline data and writing insightful data-driven mining industry analytics, articles, statistical and research reports.

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