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Hecla Mining reaffirms full-year silver, gold production guidance

Oct. 08, 2020 5:37 PM ETHecla Mining Company (HL) StockBy: Carl Surran, SA News Editor1 Comment
  • Hecla Mining (NYSE:HL+0.9% after-hours as it reports better-than-forecast Q3 silver production of 3.54M oz., 9% more than in the year-ago quarter, and gold production of 41,174 oz., a 47% Y/Y reduction, for silver equiv. production of 9M oz.
  • Hecla had expected Q3 silver production of 3.2M-3.4M oz. and gold output of 41K-43K oz.
  • Much of the Q3 silver production increase is the result of a 450% Y/Y increase at Lucky Friday to 636.4K oz., and the company expects the mine to ramp up in Q4 to full throughput before the end of the year.
  • Hecla also reaffirms previous full-year guidance of 12.4M-13M oz. of silver production and 199K-210K oz. of gold production.
  • Last month, Hecla raised its quarterly dividend by 50% and lowered the realized price threshold for the silver-linked dividend.

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