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Hecla Mining Company
Summary
| Project: | Casa Berardi | |
|---|---|---|
| Deposit: | Casa Berardi | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 2/14/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 14-2-2019: Hecla Mining Company announces a Resource Estimation report for its Casa Berardi deposit at the Casa Berardi project. Updated Resources & Reserves + new drill results incl. 13.1m @ 19.6875g/t Au from 247.7m. COEUR D’ALENE, IDAHO -- Hecla Mining | |
| Resources: | (Reserve, P+P): 23.743Mt @ 0.08oz/t Au for 1.907Moz Au contained at project | |
| CP/QP: | [Resources]: Dean McDonald (Internal) | |
| ABSTRACT: | COEUR D’ALENE, IDAHO -- Hecla Mining Company (NYSE:HL) today reported the highest silver, gold and lead reserves in its 128-year history and provided an update on its exploration programs during the fourth quarter of 2018. “Reserves in stable jurisdictions are a mining company’s most important asset. Hecla now has the largest reserve in its 128-year history and its largest single year increase because of exploration. The increase reflects the quality of the districts we control; our long-term, consistent strategy; and the capturing and use of all the data that long-lived mines have,” said Phillips S. Baker, Jr., President and CEO. “We have achieved this while the industry has generally seen declining reserves and we were able to use among the most conservative price assumptions in the industry because of the strong economics of these deposits.” “It is particularly important that this growth comes at Greens Creek and Casa Berardi, who generate approximately 85% of our revenue and most of our operations’ free cash flow. These mines are Hecla’s best,” Mr. Baker added. “But we expect our other mines to do the same over the next few years. We are working hard at San Sebastian to extend the oxide mine life and to put the sulfides into production. We are just starting our work in Nevada, reducing the reserve to better reflect the geology, with the goal of building a solid base for consistent production.” | |
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