Hecla Reports 3.4 Million Ounces of Silver and 56,113 Ounces of Gold Production

/ gambusinoprospectormexico

http://ir.hecla-mining.com/file/Index?KeyFile=2000173727

COEUR D’ALENE, Idaho–(BUSINESS WIRE)– Hecla Mining Company (NYSE:HL) today announced preliminary production, operating costs and cash balance for the first quarter of 2017.¹

FIRST QUARTER 2017 HIGHLIGHTS (Preliminary Results)

  • Silver production of 3.4 million ounces; gold production of 56,113 ounces.
  • Silver equivalent production of 10.6 million ounces or gold equivalent production of almost 151,000 ounces.2
  • Lead production of 8,636 tons; zinc production of 15,537 tons.
  • Cost of sales and other direct production costs and depreciation, depletion and amortization (“cost of sales”) of $107.6 million, an increase over 2016 reflecting open pit production from Casa Berardi.
  • Silver cash cost, after by-product credits, per ounce of $0.84, the lowest in over five years and below our full year estimate of $2.75.3
  • Cash, cash equivalents and short-term investments of approximately $213 million at March 31, 2017, an increase of about $14 million for the quarter compared to a $21 million decline in the first quarter, 2016.

Leave a Reply