Wednesday, October 13, 2021

Hecla reviews 24% silver manufacturing decline in Q3 attributable to decrease grades at Greens Creek

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By Staff , in Silver , at October 13, 2021

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(Kitco Information) – Hecla Mining (NYSE:HL), the United States’ largest silver producer, introduced yesterday that its silver manufacturing of two.7 million ounces in Q3 2021 was 24% decrease in comparison with Q3 2020 due to decrease grades at Greens Creek based mostly on mine sequencing, partially offset by Fortunate Friday manufacturing.

The corporate’s gold manufacturing of 42,206 ounces was in step with the identical interval within the prior yr, whereas zinc manufacturing decreased by 14% to fifteen,545 tons attributable to Greens Creek’s decrease grades, whereas lead manufacturing elevated barely to 9,904 tons with Fortunate Friday being in full manufacturing.

“Fortunate Friday and Casa Berardi each delivered robust operational quarters, with Casa Berardi rising gold manufacturing by 13% and Fortunate Friday rising silver manufacturing by 31% over final yr,” mentioned President and CEO Phillips S. Baker, Jr. “Greens Creek had a great quarter however was down in comparison with an distinctive 2020 third quarter. The mine skilled decrease grades because of the mine sequence, which was pushed by manpower challenges which might be being addressed by way of schedule modifications and different means.”

Based in 1891, Hecla Mining is the biggest silver producer in the USA. Along with working mines in Alaska, Idaho, and Quebec, Canada, the corporate owns quite a few exploration and pre-development initiatives in world-class silver and gold mining districts all through North America.

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