RHJ/iStock through Getty Photographs
Hecla Mining (NYSE:HL) -5.6% in Wednesday’s buying and selling after swinging to a Q1 loss at the same time as silver manufacturing jumped 22% in comparison with the identical quarter a yr in the past.
The biggest U.S. silver producer stated its Q1 internet loss totaled $3.3M, or a lack of $0.01/share, from a revenue of $4M, or $0.01/share, as capital expenditures jumped to $54.4M from $21.4M within the prior-year interval.
Q1 silver manufacturing rose 22% Y/Y and 10% Q/Q to 4.04M oz, whereas gold output fell 5% Y/Y. and 9% Q/Q to 39.7K.
Hecla (HL) stated Greens Creek set a brand new quarterly throughput file, because it continues its work in the direction of attaining 2,600 tons/day, and Fortunate Friday reported its fourth consecutive quarter of silver manufacturing exceeding 1M oz.
The corporate additionally stated Keno Hill’s elevated growth retains it on monitor to start out manufacturing in Q3, with silver manufacturing from the mine anticipated to prime 2.5M ouncesfor the yr.
