Established in 1891 in northern Idaho’s Silver Valley, Hecla Mining Company has distinguished itself as a respected precious metals producer with a rich mining history. Hecla is the largest primary silver producer in the U.S. and one of the lowest-cost producers, with a number of exploration properties and operating mines in four world-class silver mining districts in the U.S. and Mexico. Hecla is headquartered in Coeur d’Alene, Idaho, and has a sister office in Vancouver, B.C. The company’s common stock has been traded on the New York Stock Exchange for over 40 years.
In 2012, Hecla produced 6.4 million ounces of silver at a total
cash cost(1) of $2.70 per ounce, with a strong balance sheet of $191.1 million in cash and no significant debt at year end.
Hecla currently produces silver from two mines, Greens Creek and Lucky Friday. In 2012, the Greens Creek mine in Alaska, which is one of the largest and lowest-cost silver mines in the world, produced 6.4 million ounces of silver; the Lucky Friday in northern Idaho was conducting rehabilitation work during the year and resumed production in early 2013. In addition to mine site exploration, Hecla has four pre-development/exploration projects: Silver Valley in northern Idaho; San Juan Silver in Creede, Colorado; San Sebastian near Durango, Mexico; and Monte Cristo in Nevada.
Hecla has developed a solid base with long-life, low-cost mines; four district-sized land positions with organic growth opportunities, exploration upside, an excellent cash position with a strong balance sheet, and common stock dividends.
(1) Total cash cost per ounce of silver represents a non-U.S. Generally Accepted Accounting Principles (GAAP) measurement. A reconciliation of total cash cost to cost of sales and other direct production costs and depreciation, depletions and amortization (GAAP) can be found in the legal page of this website.