HL - Earnings call transcript Q1 2024

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Operator

Thank you for standing by. My name is Rochelle, and I will be your conference operator today. At this time, I would like to welcome everyone to the First Quarter 2024 Hecla Mining Company Earnings Conference Call. All lines have been placed on need to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. now turn would to call I Patil. Anvita Instructions] like the to over [Operator ahead. go Please

Anvita Patil

Vice Rochelle, morning, for Results Anita and Quarter us you Hecla's XXXX Investor Patil, Treasurer. I'm Call. Good Conference thank First and all of Relations President for joining

release along today's Our available that presentation issued website. our was are yesterday earnings with on

make Carlos Lawlar, President and will Chief the Phil President of Baker, Phil, Vice On most President and Chief Operations. Officer; Carlos Senior will and Aguiar, presentation, call is Executive Vice of Officer; of whose Russell a make the Financial comments. Russell Sinai couple

statements. want Non-GAAP slides release. have and call news related or earnings if We you on will management cause results investor forward-looking forward-looking the cited in position team to involve I differ now in and in call the Litigation are in and your the statements link the a with using filings so do the under reconciled section questions. call projected X and to Private release, Securities all Any our under the pass slides virtual to management, could by yesterday. remind the be These event would with earnings XX-Q like X can our the may and risks the available come you, Reform SEC. by shown you to our release made from those other as in XX-Qn today to measures Act in answer the our I this risks Slides Phil.

Phillips S. Baker

Good Thanks, Anita. morning, everyone.

growing for I've volunteered Chair of of silver. the Silver for the may and because know, Institute you I'm As this position need world's the

energy about I'm to about the transition. call very silver the silver that so I'm excited actually has start in And because going the role just talking

didn't I demand really India. the silver is appreciate, in something which And

I energy and how was silver. can't So Slide remarkable let's overstate XXXX go X. to for solar

or weeks solar. new record. years X billion photovoltaic the that And demand demand XX% had and and $XXX Xx for photovoltaics it's and survey about and about billion. the photovoltaic represents a almost should there over more a Silver's was investment over should global for Silver that's increased solar, $XXX this And increase New a of X ounces out be XXX annual was than that, renewable about And energy And silver per years. growth demand PV to that's it's ago. XX% silver ounces, another million that's annual XX% XXXX, investment the or in last XX continue. was ago, and put now rate XX% of XX demand. about in -- million XXXX,

new the put X XX and perspective, in for you'd that ounce demand be the and that to about it. X new had increase Creek's total So Lucky Friday into same XXXX is to million photovoltaics as meet you Greens

Let's X the go learned where to India weeks ago, I attended X things. Slide X. About Conference I Silver

First, India about of consistent XX% XX% is global demand. at silver to pretty demand

Indian since it they off demand. because their as grows, more for And duties back. And demand drop had have. You does the actually that to global taxes pay but so XX% has during to and Indians have pandemic, of come silver

per down going that's year it to X% X%. until Now gets

all the silver to total, XXXX. lot made the is was renewables large you for that the in Indian year And for forward of has price February rupee a the So conversation a monthly how new imports made XX renewables Modi government surprising created terms all-time April. take it of really hit market learned high the improve at and if silver finally, an ounces. with they was going million then all of what that has in might to And first them. be exceeded imported the the very solar. of was commitments it's for set a conference solar. in most I has And record And quarter move of policy the whole

the Silver's both demand in growing. Indian global foreseeable XXX together, deficit fundamentals about solar you they If into time now X-year and are its of unlike million and and XX% I it's demand, the And history. is Silver's year deficit are ounces, this future. expect put any more and over the the

turning let about Hecla role deficit. the and me X, talk Slide Now to its with

ramp-up full our we as of to company the Hill are people. With established result the production and the a of Lucky silver efforts fastest-growing progressing, Friday and back Keno innovation

produced produced growth. X. we XX% at to ounces, it's Hill. a is production sake X, Friday XXXX, year's Greens guidance million Greens XX go for Lucky the around Creek increase you and produced If That's X% Keno This And considering of a total without at of just growth Friday not back X. Lucky Creek

a And were This $X.XX $XXX have low maintained to has cash Lucky had million Creek mine around XX.XX%. industry. growth be had Greens to $X to be We're low. cost expect period, structure, lowest the to $XXX a this operations this Creek's to remained over XXXX, that and in Creek XXXX, UCV added cash Friday's its $X.XX Greens lots to we And made, costs million in costs mining and of reserve to Greens reserves. we've have X-year started the improvements. costs And Since year, $XXX also ounce. plan. be other maintain innovation We plan. When per mine we that back ASIC an XX-year same reserves service a year. replaced ounces XXX the in X Shaft XXXX, that storage and In to due in method, going patented fact, we've bunkers improvement the made, the is investments the hoist or consistently

I think Tino mines. be is as going path on the same X to these

for Slide Turning quarter. this to messages There's X. X really

First, are with solid Friday delivering our silver consistent and and Lucky ramp-up. operations achieving Street a quarter Green strong full

the improvements Hills safety ramp-up culture steady and and Keynote well, of we're out in risks and Second in seeing is engineering the mine. going incremental

use again, with next quarter our point from at over on XXXX inflection research X credits. we UN certified X to year, XX. Russell. proceeds, to of deliver first months sequester at see in carbon emissions utilized our strong scope reported our to an And XX are are, With Keno we as offset call on insurance flow and using X cash This net the silver free in meeting the May instead carbon where the we will and established annual operations. improving pass we we performance investing operations, which on in that, Third, I'll the credits,

Russell Lawlar

the as first an had X. Lucky Phil. quarter. start of Thanks, XX% Slide quarter, begin expected our fire saw We at effect $XXX the increase of million on from the in In nearly financials Friday. we last to I'll rebound from revenue,

in by we saw flow from $XX of leverage X.Xx. key the While we invested still net million an fourth quarter last approximately our free ratio operations, improvement year, cash maintaining

the as We next back than continued Friday see ratio to improved as well effect ramp-up over expect less of months net see of XX into Lytham we as to Xx leverage Keno coming the production the the full Health.

improve remained silver. positioning margin of silver, generated XX% We at our from also was at points of of to strong XXXX. saw percentage realized improvement the silver operations our revenue The XX% of our have an silver price as the over X during in quarter continue

will remainder We effect the continue resulting the to improve year. expect the operations of and the the see Friday continue from to we free for of as margins Lucky cash flow these

in XXXX. on these silver Turning have of as spend anticipate than XXXX, Slide full Friday support we to and ramp-up $XXX Hill price impact Keno flow cash which priorities the ramp-up since our production. generated fact the flow will being about for Lucky hinged a see Lucky and million first free of great million projects $XXX we'll which flow well, X. Keno free assets, see over Friday at expect to going be continue Hill. capital, trend the million last bit we in operations, even to This to both back of the completion I $XXX including this Friday in free Lucky are and cash lower Keno because We cash of little have back and strengthen into in of the production speak the year Hill. With financial I'll our silver invested

million We and continue exploration exploration endowment plan properties. our over $XX existing to spending operations on also to add mineral predevelopment both with the to just at and anticipate our various

I'll I Carlos. year. than less of over revert of will the to investments commission made Lucky was With With priority generation, leverage amount the our the XX we've months. used call to and our deliver strong Friday pass next be while which to revolver, next out ratio expected the due expect our liquidity on Hill Casa Berardi drawn Our at EBITDA last to target Xx to that, for Keno net

Carlos Aguiar

the the short. I'm ramp strong started Russel. strong of my we'll up, keep you, full Thank Encinal team, achieving year on remarking the with note from rest remarks another a and and quarter improvement rating on Lucky Friday, on Brad's Keno control. metrics safety Casa as open ramp production. Greens tees are we up focused to environmental and Creek cost transition and we continue, Hills We

work at With Phil. evaluate pending this do to to operations. more full underground having have We as trouble to operations I we that, X call hand year. the running we'll the all look forward

Phillips S. Baker

Thanks, Carlos.

the XX, quarter performance the exceeded by-product context, was per mine with ramp X,XXX to deliveries lower ounces XX were the where per than strong throughput going less Creek, XX planned. so or ounce. is were timing produced increase was that into the sustaining have. with equipment which And that Cost and in That's around development Cash we ounce somewhere to in throughput. quarter the The fourth because planned free Greens X,XXX planned lower problem reported cash generation. and So to production day. consistent of due production to we costs million start was tonnes per of a silver in solid operatorship when in grades That's Capital due than higher was $X.XX, put in day. acquired line great with $XXX tonnes Slide higher of Creek, and unexpected credits. driven capital a cost spending Greens another by To to on flow X.X

generation the First, an for quarter last lower free quarter cash the receivables. due to $XX was million than in flow increase

to So practices Throughput we reverse. our maintenance. $XXX ASIC production working requires on of to guidance reiterating is our expanding per need the has in a of terms increase day numerous tonnage continued million our the that to improved tonnes and which achieve proactively. towards kind that capacity growth But in focus XXX. just X.X mill opportunities problems identified of to the college buildup, of we to maintenance what the the million are it guidance We're we reaching significant and the this We're availability, of predictive rethinking and of to investment have identify without on. X,XXX make. we increased mine limit ounces and going This focus X.X will can team capital probably has sort

mill completed stockpile deal ramp-up Turning tonnes X hoist, X,XXX higher the tonnes to at projects, injury, record Lucky days quarter, of ounces a put decoupled, capacity. X over million Slide with operating X,XXX rate have face mill mill traditionally, days was have otherwise. March big to Lots from of the which which day. decoupled to X.X Bunker, full XX. we time in these particularly without Corser first things capacity the when -- in producing XX% lost throughput the up at be throughput hoisting that in that's the of the And context a probably tonnages, catch days we're Friday, service XXX per those about a the mine silver, multiple able achievements that around the And can't and to critical X

classification ranges ounce, increase We continue on to in grinding than $XX.XX and per due ASIC to ramp-up. Cash costs higher were to work guidance improvements the throughput. $XXX like other respectively,

$XX cost the year. cash come The the is insurance of free for flow, million year $XX.X and to positive production achieve be including and cash produced on So that year. the flow guidance will course for the track down receipts in and mine over million the

promoted in a a And we behavior. have engineering all we Keno trying for culture where investigations every Hill improvement. Turning this program plan too has is rate designing to then of through injury and remainder practices high. of improving, majority to approach in and And a down initiated frequency change The of and risks. And the and The are do is training, the spend to of is we everything resulted and it also we learning operation, we're morale is still time I'll two-pronged Like is reporting making accidents the best of it XX%, and XX% and trying out to increased and action are Slide safety about where the but we're supervision. complete lens behavior, XX-step XX, implement safer. transparency. environmental

So more a or I This is of responding actually incidents we're making, that. really the but having is had have ago potential reporting. team fear And is we to where significant we year no what a And point to many the had key as well more think, as happening. this the safe really there's been great is in progress. telling site is

side, overseeing Greens we're legal probably a design to to to in rattled leader, requirements. Green in struck not start of comment the on him he legally required, And by Hecla meet Hecla it Creek. of the to off order longtime On that on And tours things we many Erickson, of I'm Hill. who's June need our environmental And met a to but bring that focused he's have -- you in standards. a Keno creaking modifications controls some do standards. And now list Brian Greens cases, standards Creek but exceed well,

Now it's at standards our improving Keno going XX-year-old at be and a Greens it's of we're mine. long Creek, the Greens process. warrants mean kind our But I a culture still geology to it. like Creek, --

tails nothing treatment made year next improvements underhand is So fulsome to things, underhand plant, operationally year-end safer, hydrologic the the will going And which mine and the the studies the the allows for more happen There do. make that conditions underhand more be miners, a making mining on the monitoring, plant method and plant is to better more makes are batch and finished our to water going are Birmingham. number at than Keynote, a it or to cement could so, full end being mining biggest and and also you predictable challenging of of by is like design And mining back productive make is to upgrades. safer the have constructed productive. allow focus which year. whenever efficient, more getting you by This under have conversion next it having ground we at but

at XXX deposit, we day, lot the Keno, April At all have into it's shoulder what run I make but quarter. that each the need start this and from still getting to about is Birmingham seasons last deposits to in the immediately better. Birmingham, the XX% learning. we even day, of more variability per comments how mind So mine much We said tonnes we're from a we're too the better, and we're comes and And moth on May. my from mill in than is in much more hard manage and plume seeing to the particularly clay crusher in order consistency rock

it's lower Moth say ounces I and and I like grade, Flame despite per ton. So grade when think lower XX

we've freshens -- next better. start to -- upgrade. make months. to that it from the not order year-end, a hit numbers, and we to production compliant. you'll few and portion And in reach confident With XXX,XXX super it's that the to probably see only feed our making So if full commercial our come are but this is in more safer we're quarter, going mine of production see going before ounces environmentally we're done

life, mine we results me current Keno's life, to seeing. longer go to be we're than and let XX-year the Now exploration the think, is why going it's

within which Slide XX an host that unit. XX. previous rock quarter, one, be X,XXX was per favorable minimization evidence Last Birmingham, as XX.X drilling. silver over hosted the it intercepts So including high-grade depth courtside as X,XXX-foot if well you provided full ton go to the feet any high-grade basal which highlighted ounces of can I feet at was And deeper Intercept, than the

feet. and XX normally of continued drilling exciting, the of there of infrastructure, intercepts are vein, ton over per expectations. we Now model's per our ounces we've XX.X they footwall results holes was second exceed and and are one near see. what the today These additional XX.X are the just as which of feet multiples X where XX of almost the tonne was we in shared nearly width These ounces sort existing were

We dip drilling that place. deeper X,XXX test length the also -- see host to have just also and code exploration courtside vein in that we've we the cracked started targets surface length outside XXXX system how drills other have X system strike the on targeting basil is there's of Birmingham of to Birmingham foot if this for

to expect We decades to for come. here be

about million. $XX talk XX, produced Casa ounces costs $X,XXX of XX,XXX about of Slide at to under I'll Turning an CASA. capital AISC just

flow, grades, lower did in All this some about mine of We few of watching XX% $X XX% year and over be flow low-grade experience we surface quarters. at doing is this coming gap and the cash we guidance. years. expect of processing quarter. quarters, for in expected year improvement prior stockpiles, negative is The reach cash production is million had lower it an low-grade investment our this previous do this the we'll as And a before free in than the to CASA, but an

the investment this is expected. making we're So as year

Going thank before out Hecla has our call cost all affirming to just questions. to to guidance the to I'd to across hazards shows all like We're safe want open choices. on that, the both our the Slide employees focus and sites and for year. call the open been and continue XX safety, questions, designing to Rochelle, guidance. With for the making And I I our production

Operator

Thank you.

Heiko from the line first begin comes of of Wainwright. will Your We question-and-answer the HC now Instructions] question session. Ihle [Operator

Heiko Ihle

had end should plans a be carve-out you longer-term on Slide you obviously, color And states to can But the just spend starting some what what carve-out? maybe referring your substantially even -- can do exactly by next assume month. expect you undertake to it's with some on Hill, provide completed so okay. building front-loaded. mean, me expect I hear for Keno earlier, you Flint you assume mostly on this? leave you're that to you But the infrastructure. action just XX year. before quarter? I When of that release I what do your

Phillips S. Baker

the -- as certainly method I that to clear the it this nothing that as There's XXXX we wanted some I fully is No, process unchanged. that underhand that given at of through to guidance we're a Birmingham. currently gone far will I'm exploration take a the situation. to we're people will to before that planned. make time as the dynamic of because but X it's as underground it have. And is here, we've capital in And that -- just But additional mining Yes. be what haven't we'll -- for those we -- is that underhanded anticipating we go be sort some than all throughput planes, capital that be permitting there's any XXXX, success not in outlay larger much a major contemplating seeing of year. going for

but And to back if so that, I the below on. path you we're Greens the early go that that's think finalized its had. like that that was or the well Creek haven't $X,XXX over and years, its we We rate 'XXs,

Carlos Aguiar

sure was. I'm I don't don't And what don't remember was. know if not I Ruslan... it I what it know.

Phillips S. Baker

this you to want seeing anything be so Carlos, is justifies success -- that. going to we're mine add? an evolving and the was exploration that It

Carlos Aguiar

correct. that's No,

Phillips S. Baker

that of can a we are still we long we and make. us, are all the ahead So evaluating route number still

Carlos Aguiar

add. to Nothing

Heiko Ihle

then a clarification. just quick And

it bit? say I of had it costs a down, ramp-up you sort little break quarter that mean, you the is down Can the million the of You break just stub. site. during $X.X When at

the generated. costs. have ramp-up costs goes operating goes we is into we and Any That that then So what stub into color. total the our revenue

Phillips S. Baker

in -- Hill, add Keno spent Hill. of bit that. Keno handle Yes, we add million we quarter, costs Basically, we roughly -- at you are revenue. ramp-up to will And can the a allocate we cash can expenses we I about spent $XX way that -- we generated $XX little spend million this at

ramp-up a we period, sales So combination ramp-up then while we're million the -- remainder to up earning the of cost earning $XX the such, margin building we're revenue operation we're of in not million we'll ramping where actually costs. allocate some actually it's a and to allocated or because $XX as of

where Keno ramp-up So see we revenue the at should of we commercial increase, we cost when the we're costs costs full Hill believe do as we come allocate we the of or the would get see at down sales. to all production, point to

Carlos Aguiar

I have that And a we're in have for And all that, operation. method. And get we wait point, mentioning about well. to commercial just that's that's I the when reason that we're we we'll aware margin the to consider. determine be a we'll there at we part stabilized don't expect to but underhand would underhand, we'll that in have we that something way until production would as confident have expect of

Phillips S. Baker

disclosed used Friday. I previously. lastly, did We There's or item Lucky -- that suspension was in kind bit for with Tapatio statement financials, And costs it's very our costs. a to keep mind January. will we same And a have and at in from of it the million -- little Lucky up there income And add San last very, some a in but cost in we've it's as of we've small ramp quarter line dollars. In just the in would QX that, methodology did ramp-up that's Nevada couple that within XXXX, whether Friday, of same well. amount thing of the

Heiko Ihle

well, queue. back reacting get comprehensive I'll and Good stock's Very quarter, answer. Thanks. in

Operator

Your B. next Lucas Riley Pipes Securities. the line comes from question of of

Lucas Pipes

morning, Thank everyone. you Good very much, operator.

So things the full on at I for going are QX, ask first Lucky just right more to Friday, year. in still the obviously, wanted direction, needed but looking

through walk to guidance? and hit full-year you that list a need to So I of what see you expect what punch you if of wondered kind

Phillips S. Baker

go think problem, we're with the million anticipating actual we will track not any prior anything particular grade Look, have issue X than did to hit do that get that's in availability. going beyond in and challenge we're that optimization correct? as getting through. changes an where to want order more people But getting are fire, we doing on expecting goes Carlos, It to or if it's and that. I the need to to don't think maintenance, But what the I additional we're it's going ounces mode, any we're to -- be what what's a year our really biggest of as the we be we about we the to be. to we can we anything have the to on, make add be it's function you

Carlos Aguiar

Yes. This is a really exciting time for Lucky Friday.

the that projects termination future major Casa. is of last course, our I'd question, be year. utilizing Of the year to private my But going were comp oil? to This like completed for turn first to and for those second price

mentioned the you flow should up cash So that in XXXX. really pick contribution previously free

Lucas Pipes

Could thoughts color I you appreciate operational you from the significantly higher today, standpoint, And from around an Can perspective some environment strategic that around your then give are a gold would differently quantify you XXXX? your that. on expectations that? price at with looking mine

Carlos Aguiar

we to XX So is Lucas, probably the information our as report. source and best like technical of what think look will XX

Where don't so attention. point, higher have what had at lower the for I other that anything out do that dramatically your we than have grades gold this some than would plan. from And And we experienced we point different see in we prices.

cause anything I could higher bit else... have trying and temporary prices to underground. or think watching there's material I there, don't if Certainly, don't be to potentially know to gold the more us it's from happening to what's if out closely going add. to that. more figure that have little a we're much I So

larger think take think when -- of I with if diversification, around have back opportunity. the I order ask silver, question, you you But I more focused an important the and on silver in around to playing are to being Casa in us if and giving opportunities. of on silver look, CASA but But And was and we to providing And as guess, able frankly, entirety to it focus scale. of us about Lucas. end the the role a take kind see purpose will the always be the the Berardi, serving edges, on is and you an means future. step it's serve we strategic we'll And gold CASA continue of been. it's have certainly that we probably the opportunity think more certainly

Lucas Pipes

market. on that, passion lot silver of and with speak you Phil, And the a excitement about outlook the of

I've think S&P heard growth Tecla XXX. aspirations about the and I

so when fronts taking to step you over want do opportunity? Is on to or pursue to how pursue it? a back on this of couple different a the a maybe up kind opportunity outlined years next get be first aggressive of silver focus forward press the And that keynote, few time to the as

Phillips S. Baker

Well, we've can. Keno on to way it and the focus and a up doubt with got and I a guess, no running certainly, probably end are think long-term XX-year But no is life. as that we get have game. more, we It that up -- we mine have than life mine that. an we longer finding I is currently that it have doubt will I

new put something. time evolution what together that's the always focused -- to one And and when so arise acquiring an more it's on -- they trying trying things to looking it's and things, to with we're we're certainly and opportunities than respect

bigger do things. we them that to things But to within to if mean don't S&P that. XXX, have the our would become we are us it's one portfolio, be we So and see to there's of and -- even goal have projects. -- vision this those projects want us the help silver I we conceivably achieve with available up join to that have have could that's one producer as that want premier continuing reach silver people they and of the Hecla

that the we're But these the of capacity and we bring going particularly own. have accomplish be to continuing them, at to have change to step really can. of on to in goals we able we other our and to assets some look, have to And if Olivia some a exploration be fundamentally Montana forward and Hecla things want

Lucas Pipes

continued color the Bill, the entire luck. perspective of to and team appreciate best really

Operator

next your question Again, of Rob comes if a you team. would like from Phil to MKM. and question, Reagor Joseph ask

Joseph Reagor

costs. on Jo $XX.X then give Friday ongoing over beyond Nevada, guess this on that Lucky the to on like you to, you versus what -- was year -- of to at you Do following costs, way, there something ramp-up might maintenance attributed San guys by that? and kind long you down what break remainder the another in Heiko are like et and to? what you there like of are maintenance But of QX, any for asked care and cetera? referring the I that the us maintenance know So ramp-up costs, of and look Keno. which like have referring expenses guidance was much I Can is term? When you in say between some million Sebastian, how those revenue that,

Phillips S. Baker

do and related Friday Lucky for was San cost, QX, certainly million, Nevada Keno. that I of and $X $X.X was the most Avastin and million to The were million -- million $X $X respectively.

for between Creek operations They're from trip And the it's X-hour we've the you has fly these the down Erickson, been So to looking to very things the on hours, as that try GM actually small years as that the is And because reason should way, X do last we up regional President term, a other. we think Nevada -- mine that point we whole to that about the And mining taking if because and I'm at followed again those we're Brian go as one expenses one working those well And the X, it Creek could it both and $X glad Yes. Greens him to sure minimize look to years. just probably who's at of is I are XX or be over question are numbers. X- close you in long in including the on because make asked a you Joe, can. world, together. Vice on to out And want month, are one flew, X Heiko's million I actively will for certainly, Lucky just synergies to that and immigration. that for one been to Greens relates the that Keno. Sebastes the X you Friday if

coming passage. Greens So you goes the by it's right about think all -- and up actually inland It through materials, Creek.

took structure a an the do be those have down, idea. going to Keno costs apply it's in procurement to Creek Keno, try be will at operations fixed Creek's Brian a going at going better to the to try it's be will Creek that and time we're for it can that And we take going evolution. That's to together positive. cost flow long long be to so -- cost. but Greens It cash not fixed At at drive it's what just than this we will the things don't without X investing to order increasing -- Greens looking synergies combine period again, of nobody quicker. order to time to what have in. in might be to that those as drive at at between that Greens I visibility And we be it's point to Keno,

Joseph Reagor

Okay.

issues investment compared Keno, Okay. Fair result significant QX any size progress ongoing ultimately to QX, your to or as enough. But the are you fix make fleet whatever? may needing there think there And about year. a then that increase or for again capital guidance maintaining that you're in guys the are feel something to you in

Phillips S. Baker

and going a lot XXX I could will throughput great. mean, -- If the of hard driven capital be to day we there, increase think it's seeing I potential that tonnes wanting a think the to don't we tonnes have to investment. that just day, so is be by space the now I the cause substantial a significant more exploration it's there's success what a make us stay XXX to at -- we're But make case. anticipating is, is -- have don't we're to investment. you at a exploration

And only that those right, can the focusing and and get problem on attention right think for we of with what any at think, time try might don't is the on be have so really a got we're to it's I for time. a place this But focused I to those. will attention this to really, thing environmental very a us you because exciting I of we've that over caused start lot a get and performance. safety But visibility point. lot

Joseph Reagor

there while, at company given one. operations consider one then last but gold want there? opportunity for another some look there to any been in might And idled is to price selling value Nevada Nevada, the restarting the assets Okay. any a On that have to $X,XXX, of or Is current asset north who to opportunity? that way generate

Phillips S. Baker

Yes.

restart there on Midas well, for There you mined to these back in can the we Hollister at prices. at -- are So higher at dropping. necessary a are I Hollister. is Hatter work value Midas operations there's that continuing could could that order And is if creation, underground in nothing the evaluating do material get to if huge opportunity certainly, we -- be those at that

As that's exploration as but a far I possibility, so always it, having opportunity. we much selling view as it long-term mean,

Eastern not not And corridor be but we particularly wed likely to so think do, an asset, Hollister we little going gold -- and that the on something has would Robin that's we're in been asset. done it's to

Operator

I no remarks. time. further will Phil now to the the at questions There Baker turn closing over conference for this are back

Phillips S. Baker

us we're to we And to reach Vito or if The you. only questions. a and I out Russell and day to being Thank I know and to to lots and for the call. certainly you is being have forward understand happy this I want closing the on call on appreciate busy Thanks companies is reporting, I, remark look later with speaking of answer you. folks this

Operator

now all you That Thank concludes you disconnect. today's for and joining, call. may

Hecla Mining (HL) 9 May 242024 Q1 Earnings call transcript