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- Precious metals miner Hecla Mining (NYSE:HL) Wednesday after market reported a 10% increase in silver production year-to-date compared to the year-ago period.
- Keno Hill produced 1.5 million ounces of silver, with milled throughput of 341 tons per day YTD and 406 tpd in the second quarter, Hecla Mining (HL) said.
- “Hecla (HL) produced 4.5 million silver ounces during the quarter, an increase of 6% over the prior quarter, reflecting a full quarter of production at Lucky Friday with record throughput, improved throughput at Keno Hill and another solid performance by Greens Creek,” said Cassie Boggs, Interim President and CEO.
- “With Keno Hill’s expected silver production to exceed 2.7 million ounces this year, Hecla is on track to produce about 17 million ounces in 2024, a nearly 20% growth rate from 2023, making Hecla the fastest growing established silver producer with production growth in the best geographical regions.”
- Hecla Mining (HL) further said, Greens Creek produced 2.2 million ounces of silver and 14,137 ounces of gold in the second quarter, a decrease of 9% and 3%, respectively, compared to the first quarter, while processing 2,481 tpd.
- Silver production declined primarily due to grades reverting to plan resulting in a decrease of 6% compared to the first quarter, as well as slightly lower throughput, the company added.
- Source: Press Release