{"id":1176705,"date":"2020-04-07T14:26:10","date_gmt":"2020-04-07T19:26:10","guid":{"rendered":"https:\/\/www.mining.com\/?p=1019613"},"modified":"2020-04-07T14:26:10","modified_gmt":"2020-04-07T19:26:10","slug":"hecla-withdraws-full-year-guidance","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1176705","title":{"rendered":"Hecla withdraws full-year guidance"},"content":{"rendered":"<p>Hecla Mining (NYSE: HL) <a rel=\"noreferrer noopener\" aria-label=\"announced (opens in a new tab)\" href=\"http:\/\/ir.hecla-mining.com\/file\/Index?KeyFile=403537919\" >announced<\/a> Tuesday that is withdrawing its full-year 2020 guidance to assess covid-19\u2019s impact on its production and costs. <\/p>\n<div class='d-flex justify-content-center d-xs-block d-sm-block d-md-none'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<p>First-quarter production met the company&#8217;s expectations, Hecla said, producing 2.9 million ounces of silver in the first quarter, and 57,238 ounces of gold.<\/p>\n<p>The company&#8217;s three mines in the US remain fully operational and represented 69% of its 2019 gold-equivalent output. <\/p>\n<p>Work at mines in Mexico and <a rel=\"noreferrer noopener\" aria-label=\"Quebec (opens in a new tab)\" href=\"https:\/\/www.mining.com\/hecla-to-suspend-operations-at-casa-berardi\/\" >Quebec<\/a> have been temporarily suspended due to government rules in response to the pandemic.<\/p>\n<p>\u201cWhile government orders have shut down two mines, our US mines continue to operate as planned. Our balance sheet is strong with over $200 million in cash, and no near-term debt maturities with our revolver debt not due until 2023 and senior notes in 2028,&#8221; said Phillips S. Baker, Jr., Hecla\u2019s president and CEO in the media release.  <\/p>\n<p>Midday Tuesday, Hecla&#8217;s stock was down nearly 6% on the NYSE. The company has a $920 million market capitalization. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company produced 2,983,349 ounces of silver in the first quarter, and 57,238 ounces of gold.<\/p>\n","protected":false},"author":92,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[369,4],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1176705"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/92"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1176705"}],"version-history":[{"count":3,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1176705\/revisions"}],"predecessor-version":[{"id":1176756,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1176705\/revisions\/1176756"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1176705"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1176705"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1176705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}