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Re: DanWebzster post# 354

Monday, 09/17/2018 2:43:38 PM

Monday, September 17, 2018 2:43:38 PM

Post# of 438
HL is a significantly different miner than it was in 2017. Is it time to speculate on how sentiment will digest these changes?

San Sebastian mine accounted for 50% of profits in 2017. Now that the best ore has been mined, HL has had to adjust to an AISC of $17/oz Ag there.

Lucky Friday seems far from settling the labor strike; but, will employ a Remote Vein Miner to move away from drill and blast operations.

Fire Creek (recently acquired with Klondex) will replace some the cash flow from San Sebastian.

One negative that has not been adapted to is high debt. Unlike many miners, HL has not paid down debt over the last couple years.

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