Hecla Mining Company (HL) has released an update.
Hecla Mining Company has reported a robust first quarter in 2024, with a 43% increase in silver production and full production achieved at the Lucky Friday mine. Despite a net loss, the firm is optimistic due to the strong demand for silver, particularly from the solar industry and Indian markets, which together account for more than 35% of global demand. The company reaffirms its 2024 production and cost guidance, positioning itself to capitalize on the growing silver demand.
For further insights into HL stock, check out TipRanks’ Stock Analysis page.