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Organization's Own Description:
Established in 1891 in northern Idaho’s Silver Valley, Hecla Mining Company’s rich history of mining has distinguished it as a respected precious metals producer. Hecla is the oldest U.S.-based precious metals mining company in North America and the largest and lowest-cost silver producer in the U.S. Headquartered in Coeur d’Alene, Idaho, with a sister office in Vancouver, B.C.; this international, publicly traded company is 120 years old. Hecla’s common stock has been traded on the New York Stock Exchange for over 40 years.
In 2010, Hecla was the lowest-cost primary silver producer in the U.S., producing 10.6 million ounces of silver at an average total cash cost per ounce of negative $1.46. Hecla has proven operating expertise and highly prospective exploration opportunities where it operates in the U.S., as well as within its development projects in Colorado and Mexico.
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 largest silver mines in the world (in the top ten), produced 7.2 million ounces of silver; the Lucky Friday mine in northern Idaho produced 3.4 million ounces. Hecla has two development projects, San Juan Silver JV in Colorado and San Sebastian near Durango, Mexico.
Hecla has developed a solid base with long-life, low-cost mines; four district-sized land positions with organic growth opportunities; and an excellent cash position with no debt.
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