Greens Creek & Casa Berardi Continue Increasing Reserves

 

COEUR D’ALENE, ID - Hecla Mining Company President and CEO, Phillips S. Baker, Jr, said,  “The economic engine and two largest mines of Hecla, Greens Creek (50% of Hecla’s revenues) and Casa Berardi (35% of Hecla’s revenues), have made a remarkable achievement in materially increasing reserves in mines that have operated for decades. Technical Reports highlight the thoughtful work that has gone into documenting the resources, building the mine plans, optimizing each mine’s reserves and providing strong cash flow. The analysis of capital and operating costs shows these mines are very robust, and that a 15% increase in metals prices could mean about 60% higher Life of Mine cash flow based on reserves at conservative assumptions. We have substantial resources, which, when combined with the exploration potential outlined in the report, highlight significant opportunities to further improve and extend the reserve LOM at both mines.”

The Greens Creek and Casa Berardi Mine reserves and resources were reported in February 14, 2019 - “Hecla Reports Record Silver, Gold and Lead Reserves.” Both mines were large contributors to record Hecla silver and gold reserves and due to the material increases in reserves, triggered new NI 43-101 Technical Reports.

The company’s address is 6500 North Mineral Drive, Suite 200, Coeur d’Alene, ID 83815, (208) 769-7612, www.hecla-mining.com.