Hecla Mining sees FY22 silver production 14.2M oz, up 10% y/y

Hecla Mining announced its preliminary silver and gold production for the fourth quarter and full year 2022 and certain estimates for the Keno Hill mine for 2023. Annual results: Silver production of 14.2 million ounces, Hecla’s second highest, was an increase of 10% over last year driven by a 24% increase at Lucky Friday and a 5% increase at Greens Creek; As expected, gold production decreased 13% to 175,807 ounces as Nevada production ended; 12% increase in lead production; zinc production unchanged from 2021, and; Keno Hill development on schedule with production planned to start in the third quarter of 2023, ramping-up to an expected 440 tons per day (tpd) by year end. Quarterly results: 3% increase in silver and 2% decrease in gold production; Lucky Friday silver production increased 14%; Casa Berardi gold production decreased 8%, and; Lead production increased 7%; zinc production unchanged.