Hecla Mining Co at JPMorgan Energy, Power, & Renewables Conference Transcript

Jun 22, 2023 / 12:30PM GMT
Phillips S. Baker - Hecla Mining Company - President, CEO & Director

Hello, I'm Phil Baker, President and CEO of Hecla Mining Company. I'm glad to be here and have the opportunity to talk about Hecla. And particularly glad to be here because the thing I hope that you take from this presentation is the place that silver has in the energy transition. It is fundamental to solar energy, and it's the growth that's happened in the demand for silver for solar has been remarkable.

I will make forward-looking statements, and they are subject to the cautions that you find on this slide and the next slide and our 10-K and 10-Qs.

So Hecla is a 132-year-old company, but we are actually the fastest-growing silver miner in the world. In 2018, we had 10 million ounces of silver production. Last year, we were at 14 million. This year, we should be at 17 million. And certainly, maybe next year, but certainly by 2025, we'll be at 20 million ounces of silver.

We produce almost half of all the silver that is mined in the United States. And we should, in 2024, produce probably 40% of all the

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