hecla mining earnings call

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How is everybody doing?Hey, thanks for taking my questions and more of a comment. See you at the top! M/V Alcyone concentrate ship FOCUSED ON FREE CASH FLOW GENERATION

As a leading silver producer in the U.S. with a diverse asset and commodity mix, we've also been able to benefit from the substantial strong gold and increasingly strong silver prices, with gold making up 48% and silver 33% of our total revenues this quarter. Continued reliance on "forward-looking statements" is at investors' own risk. A reconciliation of these non-GAAP measures to the most comparable GAAP measurements can be found in the Appendix. Cash Flow from Operations These changes reduced the stress on our employees and their families while maintaining a high level of protection.The situation is dynamic, and we'll modify our procedures in response to changes as required. Recall that this test is expected to be self-funding. If the gold price goes higher, expect the silver price to move even more relative to gold.

And when the Lucky Friday reach its full capacity, we should produce more than 40% of all U.S. production.It's also not well-known that the United States is the tenth largest producer of silver in the world, producing about 4% of the world's total. As you know, as prices go up, nothing happens to the value of the put.

Well done.

Information regarding data verification, surveys and investigations, quality assurance program and quality control measures and a summary of analytical or testing procedures for the Greens Creek Mine are contained in a technical report titled "Technical Report for the Greens Creek Mine" effective date December 31, 2018, and for the Lucky Friday Mine are contained in a technical report titled "Technical Report for the Lucky Friday Mine Shoshone County, Idaho, USA" effective date April 2, 2014, for Casa Berardi are contained in a technical report titled "Technical Report on the mineral resource and mineral reserve estimate for Casa Berardi Mine, Northwestern Quebec, Canada" effective date December 31, 2018 (the "Casa Berardi Technical Report"), and for the San Sebastian Mine, Mexico, are contained in a technical report prepared for Hecla titled "Technical Report for the San Sebastian Ag-Au Property, Durango, Mexico" effective date September 8, 2015 . Also included in these four technical reports is a description of the key assumptions, parameters and methods used to estimate mineral reserves and resources and a general discussion of the extent to which the estimates may be affected by any known environmental, permitting, legal, title, taxation, socio-political, marketing or other relevant factors.

Any forward-looking information made today by the management team come under the Private Securities Litigation Reform Act and involve risks shown on Slide 2 and 3 in our earnings release and in our 10-Q and 10-K filings with the SEC. Good morning, everyone, and thanks for joining the call. Further upside in free cash flow generation in 2021 expected with Lucky Friday ramp-up As you see from the second-quarter results, we've been able to adjust quickly, and my thanks go out to all of my colleagues at the mines and in our offices who have made the quarter what it is. This is not a short-term exercise.But instead, it is an opportunity to make meaningful improvements that will benefit the operation for years to come. So we had to reverse that $6 million that we recorded on the puts in the first quarter because they're in the money. OUR COMMITMENT: TAILINGS MANAGEMENT Forward-looking statements often address our expected future business and financial performance and financial condition, and often contain words such as "anticipate," "intend," "plan," "will," "could," "would," "estimate," "should," "expect," "believe," "project," "target," "indicative," "preliminary," "potential" and similar expressions. So I'm very happy with the financial progress we made this quarter. Hecla Mining (HL) reports earnings on 11/5/2020. These risks could cause results to differ from those projected in the forward-looking statements. Hecla's Share of U.S. Production Quarantine social distancing Program to improve mill operations ongoing; goal is significant cost reductions With the mine back in production, I'm pleased to note that our improvement efforts, including in the mill are proceeding well on many fronts.

The other amount we say in that $14 million basically, Heiko is, there's $4 million or $5 million a quarter of buying the puts.

Over the years, I've talked about the brand value of Hecla as an investment vehicle I think I may have mentioned to many of you of running into people who say the silver price runs of 2009 or 1979 that they invested in Hecla.

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hecla mining earnings call

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