Hecla Mining Co Hecla's Q1 2022 Performance Review Transcript
Hi, I'm Phil Baker, President and CEO of Hecla Mining Company. Thanks for joining me to discuss our first quarter 2022 results.
The world is experiencing a combination of risks and events which we've not seen for some time; inflation, a war, $100 oil, rising interest rates, supply chain disruptions, shortages of skilled worker and a pandemic. And how is Hecla navigating through all of this successfully? Well, first, we're doing it because we operate in the United States and Canada, producing about 40% of all the silver mine in the United States, which makes us the largest U.S. silver producer. And we also produce a substantial amount of gold with our operations in Quebec.
Second, while inflationary pressure is impacting everyone, our mines are not large consumers of capital. And as a mature operation with decades of prior investment, our capital spend is low and increased revenues from our byproducts, zinc and lead, largely offset the inflationary pressure.
Third, we operate the best silver mines in the world.
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