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Stock impact report

Hecla Announces Lucky Friday Update

Hecla Mining Company (HL) 
Last hecla mining company earnings: 2/6 03:30 am Check Earnings Report
US:NYSE Investor Relations: ir.hecla-mining.com
Company Research Source: Business Wire
COEUR D'ALENE, Idaho--(BUSINESS WIRE)--Hecla Mining Company (NYSE:HL) announced an update regarding the Lucky Friday mine on the previously reported fire in the mine’s secondary egress, the #2 shaft.The fire has been extinguished, normal ventilation has been established, and the workforce has been recalled. The Company is bringing the mine back into production by developing a new secondary egress to bypass the damaged portion of the shaft. The new egress will extend an existing ramp 1,600 feet and install a 290-foot-long manway raise.It is anticipated this work will suspend production for the remainder of 2023. The mine has produced 3 million ounces of silver as of the end of July 2023. Currently, the Company does not expect a material change to 2024 consolidated silver production guidance. The Company has property insurance with an underground sub-limit of $50 million and believes this policy will cover most of the property damage and business interruption, less the deductible.AB Show less Read more
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