Hecla Mining reaffirm FY25 production at Greens Creek 8.1M-8.8M oz of silver

The company said, “Silver production guidance for 2025 at Greens Creek is unchanged at 8.1-8.8 million ounces of silver, gold production guidance is increased to 50.0-55.0 thousand ounces from 44.0-48.0 thousand ounces, or 18.0-19.5 million silver equivalent ounces, unchanged from prior silver equivalent ounce guidance when factoring in all metals due to changes in our metal price assumptions. Greens Creek’s cost outlook has been lowered, maintaining total cost of sales guidance at $289 million but lowering cash cost guidance to ($6.25)-($5.00) from the prior $0.25-$0.75, per silver ounce, and AISC to $0.00-$1.50 from $6.50-$7.25, per silver ounce.3,4 Capital investment guidance is unchanged at $48-$51 million in sustaining capital and $10-$12 million in growth capital. Capital investment at Greens Creek is expected to increase in the third quarter due to the seasonal construction period, with no change to full year capital investment guidance. In early July, the mine shifted to partial self-generated power while Alaska Electric Light and Power, the utility company supplying power to Greens Creek, performs a planned 8-week maintenance shutdown, which will increase costs during this period as self-generated power is more costly than purchased power from the utility, with the impact on operating costs expected to be less than 1% of total annual costs. “