Hecla reports record silver reserves of 240M oz, up 21% YoY; gold reserves down 6%

HECLA MINING CO/DE/

Silver proven & probable reserves increased 21% to >240M oz, highest in company history, driven by Keno Hill acquisition adding ~50M oz.
Gold reserves decreased 6% to 2.6M oz due to higher cut-off grade at Casa Berardi from cost increases.
Measured & indicated silver resources up 6% to 219M oz; gold resources up 6% to 3.7M oz.
Exploration expenses $6.9M in Q4, $46M full year 2022; 2023 exploration budget set at $32.5M.
Keno Hill drilling confirmed high-grade mineralization at Coral-Wigwam, Hector-Calumet, and Silver King targets.

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