Topic: How To Invest

Power Growth Investor Hotline – Friday, July 14, 2023

Article Excerpt

HECLA MINING CO., $5.92, is a buy. The company (symbol HL on New York), explores for, mines and processes silver and gold in the U.S., Canada and Mexico. Most of Hecla’s silver output comes from three sites: the Greens Creek mine in Alaska; the Lucky Friday project in Idaho; and the San Sebastian mine in Mexico. It also owns the Casa Berardi gold mine in Quebec as well as three gold mines in Nevada—Fire Creek, Midas and Hollister. Hecla has now completed the acquisition of ATAC Resources Ltd. for $18.8 million. The move is part of Hecla’s strategy of acquiring large land packages in highly promising jurisdictions. ATAC properties include the Rackla and Connaught projects in Canada. These projects will solidify Hecla’s position in Yukon. The ATAC buyout follows Hecla’s strategic acquisition of Keno Hill last year. That’s anticipated to be Canada’s largest and highest-grade primary silver mine. Keno Hill mine is expected to start production sometime this quarter. Additionally, Hecla Mining invested $2.0 million…