On track to achieve updated production guidance

COEUR D'ALENE, Idaho--(BUSINESS WIRE)-- Hecla Mining Company (NYSE:HL) today announced its preliminary silver and gold production for the third quarter and first nine months of 2023.

HIGHLIGHTS

Year to Date 2023 compared to YTD 2022

Silver production increased 8%
Gold production decreased by 14%
Zinc and lead production unchanged
Keno Hill produced 0.9 million ounces of silver; Q3 throughput of 268 tons per day (tpd)
“Silver production continues to grow with almost a million ounces more this year compared to the first three quarters last year,” said Phillips S. Baker, Jr., Hecla’s President and CEO. “Despite less production at the Lucky Friday, Greens Creek’s consistent performance and the ramp-up of Keno Hill should allow us to be within our 2023 guidance of 14.5 to 15.5 million ounces.”

Baker continued, “Casa Berardi performed as expected during the third quarter as the transition to full open pit mining continues with completion expected in mid-2024. At Lucky Friday, we continue executing the plans to bring the mine back into production with no significant impact expected on 2024 production. With our silver production expected to increase to about 20 million ounces by 2025, Hecla remains the world’s fastest-growing established silver producer, the largest in the U.S., and remains on track to become Canada’s largest next year.”

OPERATIONS

Greens Creek

The Greens Creek mine produced 2.3 million ounces of silver and 15,010 ounces of gold in the third quarter. Throughput for the quarter was 2,489 tpd, 3% lower than the prior quarter. Silver production was unchanged, as higher grades offset lower throughput, while gold production decreased by 8% over the prior quarter due to lower grades. Throughput averaged 2,544 tpd for the first nine months of the year, and the mine remains on track to achieve 2,600 tpd in the fourth quarter of 2023.

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