Hecla Mining Reports 10% Increase in Silver Production In First Quarter

COEUR D'ALENE, ID - Hecla Mining Company reported preliminary silver and gold production and progress on Keno Hill for the first quarter of 2023. Highlights include: 1) 10% increase in silver production and as anticipated 9% decrease in gold production. 2) Greens Creek silver production increased 14%. 3) Lucky Friday silver production increased 3%. 4) Lead production increased 6%, zinc production unchanged. 5) Development at Keno Hill 30% more than the fourth quarter.

“Hecla's silver mines delivered another strong operational quarter with new milestones achieved at both Greens Creek and Lucky Friday," said Phillips S. Baker, Jr., President and CEO. Greens Creek set a new quarterly throughput record as we continue our work towards achieving 2,600 tpd while Lucky Friday reported its fourth consecutive quarter of silver production exceeding 1 million ounces. 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."