Day: May 9, 2019

Jorge A. Ganoza, President and CEO, commented, “I am pleased to present our first Sustainability Report which provides us with the opportunity to highlight the commitment and actions that we are taking as a Company to conduct our mining operations in Peru and Mexico in an economically, socially, and environmentally responsible manner.” Mr. Ganoza added, “This report will provide us with a benchmark for monitoring our progress in the future.”

Our first quarter results reflect the challenging operating environment the industry has faced in recent months. Profitability has been impacted by lower steel pricing due to weaker economic activity and continued global overcapacity, as well as rising raw material costs as a result of supply-side developments in Brazil.

“Because of Greens Creek’s exceptional performance, Hecla’s first quarter was largely as expected, financially.” said Phillips S. Baker, Jr., Hecla’s President and CEO. “Greens Creek exceeded expectations for both gold and silver production due to higher grades and recoveries. However, Casa Berardi and our Nevada operations both produced less cash flow than expected.”