Hecla Lucky Friday fire: production suspended through 2023; 2023 silver guidance cut to 14.5-15.5Moz

HECLA MINING CO/DE/

Fire in Lucky Friday #2 shaft extinguished; new secondary egress being built via 1,600-ft ramp extension and 290-ft manway raise.
Mine production suspended for remainder of 2023; had produced 3Moz silver through July.
2023 consolidated silver production guidance lowered to 14.5-15.5Moz (from 16-17.5Moz); gold guidance cut to 140-160Koz.
Company expects no material change to 2024 consolidated silver production guidance.
Property insurance with $50M underground sub-limit expected to cover most property damage and business interruption, less deductible.

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