Hecla Mining Co 2020 Performance Review Transcript
I'm Phil Baker, President and CEO of Hecla Mining Company. Thanks for joining me today as I review our 2020 performance. Despite the incredible challenges of operating during a global pandemic, Hecla's people stepped up. We had our safest year in our 130-year history, reduced our net debt, increased our dividends, refinanced our bonds and doubled our exploration expenditures, all while more than doubling our 2019 cash position. 2020 was a remarkable year of accomplishment for our company and our employees, and we think 2021 is going to be even better.
Let me tell you why we had the success in 2020 and what we expect in 2021. But to do this, I'm going to have to make forward-looking statements that are subject to the Private Securities Litigation Reform Act and cautions that are found in our 10-K, 10-Q and other filings with the SEC.
Now key to our success in 2020 was our early, measured and evolving response to the COVID-19 pandemic. Our fast response and our industry being considered essential in the U.S. allowed us to
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