Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Low-cost silver miner, Hecla plans to meet its production guidance for 2020 and expects output of all mined ores including gold, silver, lead, and zinc, to improve in Q4 2020.


The miner reported an increase in its lead and zinc production in the nine months ended September 30, 2020, as well as the third quarter due to a strong operating performance at its Green Creek and Lucky Friday mines, in its Q3 2020 production results.


Hecla indicated that lead production in January-September 2020 increased by 41pc to 22,334.88mt from 15,790.45mt in the same period last year as miners at Lucky Strike returned to work after a strike that had affected production through most of last year. Zinc production during the first nine months of the year increased by 14pc to 44,179.89mt from 38,711.38mt during the same period in 2019.


In Q3 2020, lead production rose by 60pc to 8,845.05mt from 5,540.17mt during the same quarter last year, while zinc output increased by 17pc to 16,326.60mt from 13,982.43mt in the same period.

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