Global S&T Development Trend Analysis Platform of Resources and Environment
Hecla’s Lucky Friday back at full production in Q4 | |
admin | |
2020-11-09 | |
发布年 | 2020 |
语种 | 英语 |
国家 | 国际 |
领域 | 地球科学 |
正文(英文) | ![]() Lucky Friday silver mine. (Image courtesy of Hecla Mining.)
The Lucky Friday silver mine in Idaho will return to full production this quarter, owner Hecla Mining reported on Monday. According to the company, the silver mine ramp-up following a several-year-long strike of unionised workers is ahead of schedule. Lucky Friday is forecast to produce more than three-million ounces of silver in 2021.
The deep underground silver, lead, and zinc mine, located in the Coeur d’Alene Mining District of northern Idaho, has been in operation since 1942. Hecla reported at the end of 2018 that the strike had cost the company $14.6 million. The mine produced 636,389 ounces of silver in Q3, compared to 115,682 ounces in the third quarter of 2019. At the Casa Berardi mine in Quebec, 26,405 ounces of gold were produced, compared to 36,547 ounces in the third quarter of 2019. Hecla updated its 2020 guidance for silver to between 12.8-million and 13.4-million ounces at an all-in sustaining cost (AISC) of between $11.75/oz and $12.25/oz. The miner would also produce 200,000 oz to 207,000 oz of gold, at an AISC of $1 300/oz to $1 350/oz. Hecla announced silver production of 3.5 million ounces in Q3, compared to 3,251,350 during the same period of 2019, and gold production of 41,174 ounces, compared to 77,311 in Q3 2019. Sales in the quarter totally $199.7 million, 24% more than the prior year quarter. “Because of our strong operating performance and higher prices, Hecla had record adjusted EBITDA, generated the most free cash flow in a decade and repaid our revolver in full,” said Phillips S. Baker, Jr., Hecla president and CEO. “With the Lucky Friday ramp-up ahead of schedule, the expected improvements at Casa Berardi, and our modest planned capital expenditures, we are well positioned to further strengthen our balance sheet, increase exploration activities, and pay our enhanced dividend.” The company reported Q3 net income of $13.5-million, or $0.03 a share, compared with net loss of $19.7-million, or $0.04 a share, for the same period of 2019.
|
URL | 查看原文 |
来源平台 | Minging.com |
文献类型 | 新闻 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/302266 |
专题 | 地球科学 |
推荐引用方式 GB/T 7714 | admin. Hecla’s Lucky Friday back at full production in Q4. 2020. |
条目包含的文件 | 条目无相关文件。 |
个性服务 |
推荐该条目 |
保存到收藏夹 |
查看访问统计 |
导出为Endnote文件 |
谷歌学术 |
谷歌学术中相似的文章 |
[admin]的文章 |
百度学术 |
百度学术中相似的文章 |
[admin]的文章 |
必应学术 |
必应学术中相似的文章 |
[admin]的文章 |
相关权益政策 |
暂无数据 |
收藏/分享 |
除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。
修改评论