Hecla Mining Company (HL) has released an update.
Hecla Mining Company has reported a robust first quarter in 2024, with a 43% increase in silver production and full production achieved at the Lucky Friday mine. Despite a net loss, the firm is optimistic due to the strong demand for silver, particularly from the solar industry and Indian markets, which together account for more than 35% of global demand. The company reaffirms its 2024 production and cost guidance, positioning itself to capitalize on the growing silver demand.
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