Hecla increased its cash position to $210 million and did not draw on its revolving line of credit. Photo Courtesy Hecla Greens Creek Mine
quarter production was 2.3 million ounces of silver and over 9 million ounces for the year.” In addition to the 9.2 mil - lion ounces of silver, the Greens Creek Mine produced 46,089 ounces of gold during 2021, which is a 5 percent drop from the 48,491 ounces pro - duced at the Southeast Alaska operation during 2020. Greens Creek also produces byproduct zinc and lead, but Hecla does not report its base metals production per opera- tion. Having resolved the man - power issues that slowed pro- duction during the third quar- ter, Greens Creek produced 2.3 million ounces of silver and 10,229 ounces during the final three months of 2021. This is a 23 percent increase for silver and a 5 wpercent increase for gold over third-quarter out- put. Thanks to solid mine pro- duction and metals prices, Hecla increased its cash po - sition to $210 million and did not draw on its revolving line of credit. “Even with doubling our exploration expenditures from 2020 and further enhancing our silver-linked dividend, our strong operational per- formance in 2021 delivered an increase of $80 million to our cash balance,” said Bak - er. “With a strong operation- al and financial year behind us, we expect to continue to build on these achievements in 2022.”
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Changing the way business is done in Alaska
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Winter 2022
The Alaska Miner
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