Replies to post #3802 on Hecla Mining Co (HL)

[eik]

I think this Lucky Friday strike is a precious gift for Hecla management (and shareholders). According to Hecla website "the Lucky Friday consumed over $20 million during 2016". So, right now with current silver prices Hecla is actually saving money, and probably that's one of the reasons the company managed to post positive results last quarter. Now they about to start using Epiroc Mobile Miner at Lucky Friday,
which will replace number of contractors and kind of resolve the problem for Hecla management.

http://www.canadianminingjournal.com/features/epiroc-introduces-mechanical-miners/
https://im-mining.com/2018/08/09/hecla-preps-epiroc-mobile-miner-lucky-friday-second-sandvik-auto-truck-casa-berardi/