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Articles by Hecla Mining Co
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Hecla Reports Union Ratification of a Six-Year Agreement at Lucky Friday
Hecla Mining Company (NYSE:HL) today announced that the United Steelworkers (USW) Union Local 5114 has ratified the Collective Bargaining Agreement at the Companys Lucky Friday Mine, located in Mullan, Idaho. The USW Local 5114 and the Company have agreed to a 6-year contract. The work rules were largely unchanged from the prior agreement. Wages are increased to reflect recent inflationary pressures and to maintain Lucky Fridays competitiveness in a tight labor market.
Hecla Mining Company Reports Union Ratification of A Six-Year Agreement At Lucky Friday
Hecla Mining Company announced that the United Steelworkers (USW) Union Local 5114 has ratified the Collective Bargaining Agreement at the Company's Lucky Friday Mine, located in Mullan, Idaho. The USW Local 5114 and the Company have agreed to a 6-year contract. The work rules were largely unchanged from the prior agreement. Wages are increased to reflect recent inflationary pressures and to maintain Lucky Friday's competitiveness in a tight labor market.
Hecla Exceeds 2022 Silver Production Guidance
Hecla Mining Company (NYSE:HL) today announced its preliminary silver and gold production for the fourth quarter and full year 2022 and certain estimates for the Keno Hill mine for 2023.1 HIGHLIGHTS Annual Silver production of 14.2 million ounces, Heclas 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...
Hecla Mining Company Announces Preliminary Production Results for the Fourth Quarter and Full Year Ended December 31, 2022
Hecla Mining Company announced preliminary production results for the fourth quarter and full year ended December 31, 2022. For the quarter, the company reported production of Silver of 3,663,434 oz. Gold was 43,699 oz. Lead was 12,456 tons. Zinc was 15,892 tons. For the full year, the company reported production of Silver of 14,182,987 oz against 12,887,239 oz a year ago. Gold was 175,807 oz against 201,326 oz a year ago. Lead was 48,250 tons against 43,011 tons a year ago.
Investors dig into mining ETFs as metals rally
Mining exchange-traded funds surged on Friday, extending their strong year-to-date advance amid a strong rally in the broader materials sector, as well as in precious metal prices. The advance followed a weaker-than-expected August jobs report, which was seen as lowering the potential for an interest-rate increase by the Federal Reserve. The price of December gold GCZ6, +0.69% rose 0.7% on the day while December silver SIZ6, +2.33% advanced 2.3%.
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