Hecla Mining Company Reports Strong Production and Cash Position for Q4 and Full Year 2021
Hecla Mining Company, a leading silver and gold producer, announced preliminary production results for the fourth quarter and full year 2021, as well as its year-end cash position. The results highlight the company's operational excellence and financial strength.
Key Takeaways:
- Hecla's annual silver and gold production reached 12.9 million ounces and 201,326 ounces, respectively, with silver equivalent production of 37.6 million ounces and gold equivalent production of 525,531 ounces.
- Zinc and lead production increased by 1% and 26%, respectively, year-over-year.
- Lucky Friday silver production increased by 75% and Casa Berardi gold production increased by 11% compared to the previous year.
- The company's year-end cash position stands at approximately $210 million, with the credit facility undrawn.
- Greens Creek reported increased silver production of 23% and Lucky Friday reported a 15% increase in silver production compared to the third quarter of 2021.
- Casa Berardi increased gold production by 25% in the fourth quarter compared to the third quarter of 2021.
Statistics:
- Silver production: 3.6 million ounces in 2021, 2.3 million ounces in the fourth quarter (compared to 1.9 million ounces in the third quarter of 2021)
- Gold production: 201,326 ounces in 2021, 134,510 ounces in the fourth quarter (compared to 123,331 ounces in the third quarter of 2021)
- Zinc production: Increased by 1% year-over-year
- Lead production: Increased by 26% year-over-year
- Year-end cash position: Approximately $210 million
- Credit facility: Undrawn
Sources:
- Hecla Mining Company press release (date not specified)