earnings
confidence high
sentiment neutral
materiality 0.70
Hecla 2023 silver production 14.3M oz (+1% YoY); Lucky Friday restarts production
HECLA MINING CO/DE/
2023-FY EPS reported
-$0.14
revenue$720,227,000
- Silver production of 14.3M oz exceeded 2022's 14.2M oz despite Lucky Friday shutdown since August 2023.
- Gold production decreased 14% to 151,259 oz; Casa Berardi transition to open pit mine, Greens Creek gold up 26%.
- Lucky Friday restarted production on Jan 9, 2024; full production and insurance proceeds expected in Q1 2024.
- Keno Hill produced 1.5M oz silver in 2023; Bermingham deposit achieved highest mined tonnage in December.
- Company targets up to 20M oz silver production by 2025, citing critical role in energy transition.