Hecla Mining Co. (NYSE:HL) announced preliminary production results for Q4 2015, as well as the year as a whole, commenting that they exceeded its expectations.
For the year, the company put out 11.6 million ounces of silver, a new record. In terms of gold, it produced 189,162 ounces.
Other 2015 highlights include:
- 37.5 million silver equivalent ounces of production, a 9% increase over 2014 and 63% increase over 2013 levels, exceeding guidance of 35 million ounces.2
- San Sebastian began producing silver and gold late in the fourth quarter.
Phillips S. Baker Jr., president and CEO of Hecla, commented:
Despite a difficult metals market, Hecla’s production continues to grow, setting the 2nd consecutive annual silver production record. All three mines exceeded guidance and San Sebastian has begun production. We are continuing to see results from our strategy of investing in production growth, causing our silver equivalent production to be the most in our 125-year history. This growth, along with cost controls and focused investment, puts Hecla in a good position now and when metals prices rebound.
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