operations
In 2010, Hecla produced 10.6 million ounces of silver at an average total cash cost per ounce of negative $1.46(2). Hecla currently produces silver from two silver mines, Greens Creek and Lucky Friday. In 2010, the Greens Creek mine in Alaska, which is one of the top ten largest silver mines in the world, produced 7.2 million ounces of silver; the Lucky Friday mine in northern Idaho produced 3.4 million ounces.
| Silver Ounce Production (in thousands): |
2008 |
2009 |
2010 |
YTD 2011 |
Greens Creek Unit (1) Lucky Friday Unit Total silver ounces |
5,829 2,880 8,709 |
7,459 3,530 10,989 |
7,207 3,359 10,566 |
3,157 1,548 4,705 |
| Gold Ounce Production: | ||||||
| Greens Creek Unit (1) Total gold ounces |
54,650 54,650 |
67,278 67,278 |
68,838 68,838 |
28,856 28,856 |
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| Average cost per ounce of silver produced: ($/oz) |
||||||
| Total cash cost per ounce (2) |
4.20 |
1.91 |
(1.46) |
0.79 |
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(1) Reflects our 29.73% ownership interest until April 16, 2008, and our 100% ownership thereafter.
(2) 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, depletion and amortization (GAAP) can be found in the legal page of this website.
