Hecla Mining reaffirms FY25 production at Green Creek 8.1M-8.8M ounces of silver

The company said, “Production guidance for 2025 at Greens Creek is maintained at 8.1M-8.8M ounces of silver, 44,000-48,000 ounces of gold, or 18.0M-19.5M silver equivalent ounces when factoring in all metals. Greens Creek’s cost outlook has been lowered, maintaining cost of sales guidance at $289M but lowering cash cost guidance to 25c-75c from the prior $2.00-$2.50 per silver ounce, and AISC to $6.50-$7.25 from $8.75-$9.50 per silver ounce. Capital investment guidance is unchanged at $48M-$51M in sustaining capital and $10M-$12M in growth capital. Capital investment at Greens Creek is expected to increase in the second and third quarters due to the seasonal construction period. The Company expects the Greens Creek operation to have 3-6 days of planned maintenance in the second quarter, which is the historical norm for quarterly maintenance downtime at Greens Creek. In approximately mid-June, the mine expects to shift to self-generated power while Alaska Electric Light and Power, the utility company supplying power to Greens Creek, goes offline for a planned 8-week maintenance shutdown, which will add costs to the operation of Greens Creek during this period as self-generated power is more costly than purchased power from the utility.”