trending Market Intelligence /marketintelligence/en/news-insights/trending/eQ6-dgHUyDcxOfCAIyNFVw2 content esgSubNav
In This List

Hecla Mining's Q3 silver production jumps 31% YOY

Blog

Insight Weekly: US stock performance; banks' M&A risk; COVID-19 vaccine makers' earnings

Blog

Insight Weekly: LNG exports surge; investors unfazed by inflation; neobanks drive VC funding

Blog

Essential Metals Mining Insights November 2021

Blog

[Infographic]: 2021 World Exploration Trends


Hecla Mining's Q3 silver production jumps 31% YOY

Hecla Mining Co.'s silver production for the third quarter jumped 31% year over year to 3.3 million ounces, and gold output rose 6% to 77,331 ounces.

Lead output surged 47% on a yearly basis to 6,226 tonnes during the quarter, and zinc production increased 22% to 15,589 tonnes.

Cash and equivalents rose by US$24 million from the end of June to about US$33 million, while total outstanding debt was slightly lower, the company said Oct. 7.

During the first nine months of the year, silver production rose 21% year over year to 9.2 million ounces, and gold output inched up 4% to 198,121 ounces.

President and CEO Phillips Baker Jr. said, "We knew that dialing back our expenditures while achieving our expected production and sales targets would increase our cash flow generation. We expect more of the same in the fourth quarter."