trending Market Intelligence /marketintelligence/en/news-insights/trending/Y2Z7b0OvkT50HdDkH0Jz8Q2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Hecla ups Q4'19 gold, silver output YOY, inks labor deal at Lucky Friday mine

COVID19 Mining Impacts Mining Projects With At Risk Production

Mining Insights Newsletter June 2020

A Decade of Underperformance for Gold Discoveries

State of the Market: Mining Q1-2020


Hecla ups Q4'19 gold, silver output YOY, inks labor deal at Lucky Friday mine

Idaho-based Hecla Mining Co. booked a yearly increase in fourth-quarter 2019 silver and gold production and announced the ratification of a collective bargaining agreement at its Lucky Friday silver mine.

The company reported a 25% rise in silver production to 3.4 million ounces and a 5% growth in gold production to 74,773 ounces based on preliminary figures released Jan. 7.

Full-year 2019 silver production climbed 22% to 12.6 million ounces, and gold output improved 4% to a record 272,873 ounces. Silver equivalent output reached 47.2 Moz, and gold equivalent production totaled 549,172 ounces.

Hecla credited its strong cash flows in 2019 to record full-year silver production at its Greens Creek silver mine in Alaska and record total gold output for the year.

The company noted that its annual cash and cash equivalents reached about US$62 million as of Dec. 31, 2019, while its net debt was down 23% from June 30, 2018, to US$136 million.

Meanwhile, Hecla said it expects most of the workforce at Lucky Friday to return after the union ratified a new labor agreement and reversed the result of a vote in December 2019 rejecting the company's offer.

Ramp-up to full production is scheduled for late 2020. Operations at Lucky Friday have been crippled by a strike that began in March 2017. The company had planned to replace the striking workers before the union decided to ratify the deal.