operations
In 2011, Hecla produced 9.5 million ounces of silver at an average total cash cost per ounce of $1.15(1). Hecla currently produces silver from two silver mines, Greens Creek and Lucky Friday. In the first quarter of 2012, the Greens Creek mine in Alaska, which is one of the largest silver mines in the world, produced 1.3 million ounces of silver. During 2012, the Lucky Friday mine will be conducting rehabilitation work with operations and production expected to resume in early 2013.
| Silver Ounce Production (in thousands): |
2009 |
2010 |
2011 |
Q1/12 |
Greens Creek Unit Lucky Friday Unit (1) Total silver ounces |
7,459 3,530 10,989 |
7,207 3,359 10,566 |
6,498 2,985 9,483 |
1,329 - - 1,329 |
| Gold Ounce Production: | ||||||
| Greens Creek Unit Total gold ounces |
67,278 67,278 |
68,838 68,838 |
56,818 56,818 |
12,652 12,652 |
||
| Average cost per ounce of silver produced: ($/oz) |
||||||
| Total cash cost per ounce (2) |
$ 1.91 |
$ (1.46) |
$ 1.15 |
$2.24 |
||
(1) During 2012, the Lucky Friday will be conducting rehabilitation work with operations and production expected to resume as planned in early 2013.
(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.
