ABOUT HECLA
Founded in 1891, Hecla Mining Company (NYSE: HL) is the largest silver producer in the United States. In addition to operating mines in Alaska, Idaho, and
Quebec, Canada, the Company is developing a mine in the Yukon, Canada, and owns a number of exploration and pre-development projects in world-class silver and gold mining districts throughout North America.
Cautionary Statements Regarding Estimates and Forward-Looking Statements
All measures of the Companys third quarter 2023 production results contained in this release are preliminary and reflect the Companys expected
results as of the date of this release. Actual reported third quarter 2023 results are subject to managements final review as well as review by the Companys independent registered accounting firm. They may vary significantly from current
expectations because of a number of factors, including, without limitation, additional or revised information and changes in accounting standards or policies or in how those standards are applied.
Statements made or information provided in this news release that are not historical facts are forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor created by such sections and other applicable laws, and
forward-looking information within the meaning of Canadian securities laws. When a forward-looking statement expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good
faith and believed to have a reasonable basis. However, such statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by the
forward-looking statements. 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. Forward-looking statements in this news release may include, without limitation: (i) Casa Berardis transition to full open pit mining is expected in
mid-2024; (ii) Lucky Fridays production in 2024 is not expected to be impacted by the recent fire; (iii) consolidated silver production in 2024 is expected to be higher than 2023; (iv) the Company
is on track to become the largest silver producer in Canada; (v) Keno Hill is expected to achieve 440 tpd throughput by year-end; (vi) the Company is expected to produce 20 million ounces of
silver by 2025; (vii) Greens Creek is expected to achieve throughput of 2,600 tpd by the fourth quarter; (viii) Lucky Friday is expected to successfully mitigate damage caused by the fire and return to full production in the beginning of 2024;
and (ix) mine-specific and consolidated 2023 estimates of future production. Estimates or expectations of future events or results are based upon certain assumptions, which may prove to be incorrect, which could cause actual results to differ
from forward-looking statements. Such assumptions, include, but are not limited to: (i) there being no significant change to current geotechnical, metallurgical, hydrological and other physical conditions; (ii) permitting, development,
operations and expansion of the Companys projects being consistent with current expectations and mine plans; (iii) political/regulatory developments in any jurisdiction in which the Company operates being consistent with its current
expectations; (iv) certain price assumptions for gold, silver, lead and zinc; (v) prices for key supplies being approximately consistent with current levels; (vi) the accuracy of our current mineral reserve and mineral resource
estimates; (vii) the Companys plans for development and production will proceed as expected and will not require revision as a result of risks or uncertainties, whether known, unknown or unanticipated; (viii) sufficient workforce is
available and trained to perform assigned tasks; (ix) weather patterns and rain/snowfall within normal seasonal ranges so as not to impact operations; (x) relations with interested parties, including Native Americans, remain productive;
and (xi) factors do not arise that reduce available cash balances.
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Hecla Mining Company 1-800-432-5291 hmc-info@hecla.com |
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