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Hecla Mining Reports Record Silver, Lead and Zinc Reserves

Mining News - Published on Wed, 12 Feb 2020

Image Source: spokesman.com
Hecla Mining Company has reported the highest silver, lead, and zinc reserves in its 129-year history and provided an update on its exploration programs during the fourth quarter of 2019. President and CEO Mr Phillips S Baker Jr said “The foundation of value creation for any mining company is increasing reserves, and Hecla’s silver, lead and zinc reserves are the most in our 129-year history. Despite using what we believe is the industry’s most conservative price assumption and spending our second lowest amount on exploration in the last 10 years, Hecla grew silver reserves 11% last year with Greens Creek having its most reserves since 2001. We expect our exploration programs over the next few years to further add reserves across the Company.”

Highlights
Company-wide reserves increased 11% for silver ounces including 22% more silver ounces at Greens Creek, reflecting a commitment to exploration and improved data use.
High-grade intersections drilled at Greens Creek and Casa Berardi.
Reserve price assumptions of $14.50/oz silver (expected to be among the lowest in the industry), $1,300/oz gold, $1.15/lb zinc and $0.90/lb lead.

Source :

Posted By : Rabi Wangkhem on Wed, 12 Feb 2020
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