Hecla Mining's (HL) Q2 Silver Output Rises 6% Sequentially

Production Performance - Hecla Mining reported lead production of 13,586 tons, reflecting a 12% increase on a sequential basis [1] - Zinc output for Hecla Mining was 16,191 tons, remaining fairly flat compared to the first quarter of 2024 [1] - The Lucky Friday mine produced 1.3 million ounces of silver in the second quarter, marking a 23% increase quarter over quarter [2] - Greens Creek mine produced 2.2 million ounces of silver, a 9% sequential increase, while gold production decreased by 3% to 14,137 ounces [3] - Keno Hill produced 900,440 ounces of silver, up 39% sequentially due to a 47% increase in throughput [11] - Casa Berardi mine produced 23,187 ounces of gold, up 5% from the first quarter of 2024 [12] Company Guidance - Hecla Mining is on track to produce 17 million ounces of silver in 2024, compared to 14.3 million ounces in 2023 [13] - Fortuna Mining Corp. reported gold equivalent production of 116,570 ounces, a 4% increase from the first quarter of 2024 [7] - Endeavour Silver Corp. reported silver equivalent production of 2,156,453 ounces, down 5% year over year, while gold production increased by 7% [8] Market Performance - Hecla Mining shares have gained 3.7% over the past year, while the industry has seen a growth of 57.3% [14] - Buenaventura Mining currently holds a Zacks Rank 1, with a consensus estimate for 2024 earnings pegged at $1.41 per share, reflecting a 41% increase in estimates over the past 60 days [16]