secwatch.observer — SEC 8-K summary
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Issuer:     HECLA MINING CO/DE/ (HL)
CIK:        0000719413
Form:       8-K
Filed at:   2023-02-14T23:59:59+00:00
Accession:  0001193125-23-037285
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/719413/000119312523037285/0001193125-23-037285-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/719413/000119312523037285/d465295d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-037285

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer