Latest news with #HeclaMining
Yahoo
3 days ago
- Business
- Yahoo
Silver mining stocks surge as spot silver hits 13-year high
-- Shares of silver mining companies experienced significant gains today following a surge in spot silver prices, which soared to their highest level in 13 years. Endeavour Silver (NYSE:EXK) led the rally with an 8% increase, closely followed by First Majestic Silver (NYSE:AG), up 7%, and both Hecla Mining and Coeur Mining (NYSE:CDE), which rose 6%. Other notable increases included Pan American Silver (NYSE:PAAS) and AngloGold Ashanti, both climbing 4.5%, Fortuna Mining up 4.4%, Silvercorp Metals (NYSE:SVM) with a 4% gain, Kinross Gold (NYSE:KGC) rising 2%, and Agnico Eagle (NYSE:AEM) Mines advancing 1.75%. The driver behind the uptick in silver mining stocks is the notable surge in spot silver prices, which hit a high of $36.15 an ounce. The precious metal's price jump was attributed to a combination of factors including technical momentum, improving fundamentals, and a growing interest from investors seeking safe-haven assets. Gold and silver often move in tandem, and the past year has seen gold prices increase by 44%, bolstered by an expanding US-led tariff war and consistent buying by central banks. Silver, which has risen approximately 20%, has not kept pace with gold until now. The recent gains in silver are also supported by substantial inflows into silver-backed exchange-traded funds (ETFs). Holdings in these ETFs increased by 2.2 million ounces on Wednesday, according to Bloomberg data. Additionally, money managers have raised their bullish positions on Comex silver futures as of the week ending May 23. Silver's unique position as both a financial asset and an industrial material, particularly in clean-energy technologies like solar panels, contributes to its appeal. Related articles Silver mining stocks surge as spot silver hits 13-year high Mizuho upgrades Visa as it sees decade-long growth from cash-to-card shift HSBC upgrades Dr Reddy's on weight loss drug semaglutide-driven earnings rebound Sign in to access your portfolio
Yahoo
26-05-2025
- Business
- Yahoo
Dolly Varden Announces Closing of the Acquisition of Hecla's Kinskuch Property
Vancouver, British Columbia--(Newsfile Corp. - May 26, 2025) - Dolly Varden Silver Corporation (TSXV: DV) (NYSE American: DVS) (FSE: DVQ) (the "Company" or "Dolly Varden") is pleased to announce that, further to its news release dated May 5, 2025, it has completed the acquisition of the Kinskuch Property in northwest BC's Golden Triangle (the "Transaction"). The Kinskuch Property is adjacent to the Company's Kitsault Valley Project and dramatically increases the Kitsault Valley Project size to approximately 77,000 hectares, covering some of the most underexplored and prospective rocks for silver, gold and copper mineralization in the Golden Triangle. Dolly Varden completed its acquisition of the Kinskuch Property from Hecla Mining Company ("Hecla") for consideration of $5 million, which was satisfied by Dolly Varden issuing 1,351,963 common shares of the Company ("Common Shares") to Hecla. Hecla will also retain a 2% net smelter return royalty on the Kinskuch Property area (the "NSR"). The NSR will include a 50% buyback right, for $5 million, that will allow Dolly Varden to reduce the royalty to 1% at any time. As per an existing agreement between Dolly Varden and Hecla, Hecla will maintain a designated position on Dolly Varden's Technical Committee, working together to unlock the potential of the underexplored areas. About the Kinskuch Property The Kinskuch Property is contiguous on the east and south of Dolly Varden's Kitsault Valley Project, and through the acquisition Dolly Varden will increase the mineral tenure holdings and triple the total strike length of favorable Jurassic age Hazelton-group volcanic rocks and associated "Red Line" by adding the Illiance trend to the Kitsault Valley trend. Both the Kitsault Valley and the Illiance trends are interpreted to be part of a district scale, sub-basin of the Eskay Rift period. The Illiance trend has seen little modern exploration work, limited to localized diamond drilling by Hecla on the three kilometer long, north-south trending Illy epithermal system. Also included within the acquisition area is the past producing Esperanza Mine (1910), interpreted as quartz-carbonate veins with similar silver grades to the historic Dolly Varden Mine (1920) hosted in Upper Hazelton sedimentary rocks. The Esperanza Mine is located along the Kitsault Valley access road, two kilometers north of Dolly Varden's camp in Alice Arm, BC. The southwestern portion of the acquired claims covers Hazelton Group rocks that trend to within seven kilometers of Goliath Resources Limited's recently discovered Surebet Zone gold mineralization. The area within the Kinskuch Property that trends south of Big Bulk has the potential to host additional gold-copper porphyry systems along the south trend towards the Kitsault molybdenum porphyry deposit, which is being actively advanced by New Moly LLC. Figure 1: The location of the Kinskuch Property is shown in blue, the location of the Porter Property is shown in green (the acquisition of which was announced in a news release dated May 23, 2025), and the location of the MTB Metals Corp. properties are show in orange (the proposed acquisition of which was announced in a news release dated May 15, 2025 and which is not yet complete). To view an enhanced version of this graphic, please visit: Further Information Hecla is considered a "related party" of the Company pursuant to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") on account of Hecla owning 10,606,374 Common Shares of Dolly Varden, representing approximately 13.3% of the outstanding Common Shares. As such, the Transaction is considered a "related party transaction" pursuant to MI 61-101. The Transaction is exempt from the formal valuation requirements and minority shareholder approval requirements of MI 61-101 pursuant to Section 5.5(a) and Section 5.7(1)(a), respectively, as the value of the Common Shares issuable pursuant to the Transaction will not exceed 25% of the Company's market capitalization. The Transaction was negotiated by disinterested members of management of Dolly Varden and Hecla. The Transaction was unanimously approved by the disinterested members of the Dolly Varden Board of Directors. The Common Shares issuable to Hecla will be subject to a four-month statutory hold period in accordance with applicable securities laws. No finder's fees or commissions are payable by the Company in connection with the Transaction. The securities described in this release have not been and will not be registered under the United States Securities Act of 1933, as amended, or the laws of any state or other jurisdiction of the United States. These securities may not be offered or sold in the United States absent such registration or an available exemption therefrom. This release does not constitute an offer to purchase or a solicitation of an offer to buy securities in any jurisdiction. Qualified Person Rob van Egmond, Vice-President Exploration for Dolly Varden, the "Qualified Person" as defined by NI 43-101 has reviewed and approved the scientific and technical information contained in this news release. Rob van Egmond, is not independent of the Company in accordance with NI 43-101. About Dolly Varden Silver Corporation Dolly Varden Silver Corporation is a mineral exploration company focused on advancing its 100% held Kitsault Valley Project (which combines the Dolly Varden Property, the Homestake Ridge Property and the Kinskuch Property) located in the Golden Triangle of British Columbia, Canada, 25kms by road to tide water. The 770 sq. km. project hosts the high-grade silver and gold resources of Dolly Varden and Homestake Ridge along with the past producing Dolly Varden and Torbrit silver mines. It is considered to be prospective for hosting further precious metal deposits, being on the same structural and stratigraphic belts that host numerous other, on-trend, high-grade deposits, such as Eskay Creek and Brucejack. The Kitsault Valley Project also contains the Big Bulk Property which is prospective for porphyry and skarn style copper and gold mineralization that trends south onto the Kinskuch Project. This porphyry belt is similar in age and mineralization style to other such deposits in the region (Red Mountain, KSM, Red Chris). Approximately 20 km northwest of the Kitsault Valley Project, Dolly Varden also has the Porter Property which hosts the past producing Porter Idaho silver mine and potential for additional high-grade silver in epithermal veins. Forward-Looking Statements This release may contain forward-looking statements or forward-looking information under applicable securities legislation that may not be based on historical fact, including, without limitation, statements containing the words "believe", "may", "plan", "will", "estimate", "continue", "anticipate", "intend", "expect", "potential", "prospective" and similar expressions. Such forward-looking statements included in this news release include the proposed benefits of Kinskuch and Porter Properties to the Company, and the proposed acquisition of the MTB Metals Corp properties. Forward-Looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Dolly Varden to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements, including, without limitation, risks associated with the speculative nature of exploration and development of minerals; the anticipates substantial future capital expenditures associated with the exploration and development of its assets and there can be no assurance that debt or equity financing will be available; inherent competition in the mining industry; risks associate with volatility in mineral prices; risks inherent in the estimation of mineral resources; environmental risks associated with the exploration and development of mineral properties; the Company is reliant on key personnel; risks associated with working in remote regions; risks associated with maintaining positive community relations; and the other risks disclosed in the Company's annual information form ("AIF") dated April 30, 2025 for the year ended December 31, 2024, which is available on SEDAR+ at and in the Company's Form 40-F registration statement as filed with the U.S. Securities and Exchange Commission, which is available on EDGAR at The risk factors identified in the Company's public filings are not intended to represent a complete list of factors that could affect the Company. Forward-looking statements are based on management's current expectations and beliefs and assume, among other things, the ability of the Company to satisfy the requirements of listing and registration, and to successfully pursue its current development plans, that future sources of funding will be available to the Company, that relevant commodity prices will remain at levels that are economically viable for the Company and that the Company will receive relevant permits in a timely manner in order to enable its operations, but given the uncertainties, assumptions and risks, readers are cautioned not to place undue reliance on such forward-looking statements or information. The Company disclaims any obligation to update, or to publicly announce, any such statements, events or developments except as required by law. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this news release. For further information: Shawn Khunkhun, CEO & Director, 1-604-609-5137, To view the source version of this press release, please visit
National Post
22-05-2025
- Business
- National Post
Hecla Appoints Director
Article content Article content COEUR D'ALENE, Idaho — Hecla Mining Company ( NYSE:HL) is pleased to announce the appointment of Dean Gehring to its Board of Directors, effective May 22, 2025. Mr. Gehring currently serves as a board advisor at Allonnia, a bioengineering company innovating recovery, tailings and environmental solutions for the mining industry. Over his 34-year career, he has held executive roles at leading mining companies, including Chief Technology Officer for Newmont and President and CEO of Rio Tinto Minerals. Article content 'We are delighted to welcome Dean Gehring to our Board of Directors. His technological expertise and industry knowledge make him an exceptional addition to Hecla. Dean's career began as an intern at our Lucky Friday mine in 1988, and we're pleased to have him return to contribute to Hecla's future growth,' said Rob Krcmarov, President and CEO of Hecla Mining Company. Article content A licensed Professional Engineer and Project Management Professional, Mr. Gehring holds a B.S. in Mining Engineering from the University of Idaho and an M.S. in Project Management from the University of Aberdeen. He has contributed to university advisory boards, co-chaired the SME Foundation Corporate Giving Committee, and received both the SME Ben F Dickerson Award and SME Fellow Award for his contributions to the mining industry. Article content Founded in 1891, Hecla Mining Company (NYSE: HL) is the largest silver producer in the United States and Canada. In addition to operating mines in Alaska, Idaho, and Quebec, Canada, the Company is developing a mine in the Yukon, Canada, and owns a number of exploration and pre-development projects in world-class silver and gold mining districts throughout North America. Article content Article content Article content Article content Article content Contacts Article content For further information, please contact: Article content Mike Parkin Vice President – Strategy and Investor Relations Article content Cheryl Turner Communications Coordinator Article content Article content
National Post
21-05-2025
- Business
- National Post
Hecla Releases 2024 Sustainability Report
Article content COEUR D'ALENE, Idaho — Hecla Mining Company ( NYSE:HL) has released its 2024 Sustainability Report, highlighting the Company's environmental, social and governance (ESG) performance. Article content Article content 'Throughout Hecla's storied history, we have distinguished ourselves not only as a preeminent silver producer but as a pioneer in sustainable mining practices,' said Rob Krcmarov, President and CEO of Hecla Mining Company. 'In 2024, we demonstrated that responsible mining goes hand-in-hand with financial and operational success, achieving our second-highest silver production while maintaining high environmental standards. Our sustainability work, from wildlife protection and environmental monitoring to supporting local communities, is essential to producing the silver that the world needs to power our future. With unwavering commitment to excellence and guided by our values, we continue to create long-term value for all our stakeholders.' Article content HIGHLIGHTS OF 2024 SUSTAINABILITY REPORT Article content Over $1 billion direct economic impact to local communities Over 40 thousand hours of safety & health training hours Women comprise 38% of our Board of Directors 38% reduction in Scope 1 & 2 GHG emissions from our 2019 baseline Hecla's subsidiary, Elsa Reclamation and Development Company Ltd. (ERDC), will conduct its largest Yukon reclamation project in 2025, restoring historically mined areas for community benefit. Article content Hecla prepared the Sustainability Report with reference to the Global Reporting Initiative (GRI) Standards and benchmarked its performance against the Sustainability Accounting Standards Board (SASB) Metals and Mining standards and against relevant aspects of the Task Force on Climate-Related Financial Disclosures (TCFD). Hecla also reported against the Mining Association of Canada's Towards Sustainable Mining (TSM) framework for its Casa Berardi mine in Quebec, Canada. Article content The full 2024 Sustainability Report, along with the ESG data tables and GRI, SASB, TCFD, and TSM content indices, can be accessed on Hecla's website here. Article content ABOUT HECLA Article content Founded in 1891, Hecla Mining Company (NYSE: HL) is the largest silver producer in the United States and Canada. In addition to operating mines in Alaska, Idaho, and Quebec, Canada, the Company is developing a mine in the Yukon, Canada, and owns a number of exploration and pre-development projects in world-class silver and gold mining districts throughout North America. Article content Article content Article content Article content Article content Contacts Article content For further information, please contact: Article content Mike Parkin Vice President – Strategy and Investor Relations Article content Cheryl Turner Communications Coordinator Article content Article content
Yahoo
06-05-2025
- Business
- Yahoo
Why Hecla Mining Company (HL) Soared on Monday
We recently published a list of Why These 10 Firms Soared on Monday. In this article, we are going to take a look at where Hecla Mining Company (NYSE:HL) stands against other Monday's best performers. The stock market kicked off the trading week on a negative note as investors sold off on a new round of uncertainties from President Donald Trump's tariff policies. The Nasdaq fell by 0.74 percent, while the S&P 500 dropped 0.64 percent and the Dow Jones was down by 0.24 percent. Over the weekend, Trump told reporters that the US was negotiating with many countries, 'but at the end of this, I'll set my own deals — because I set the deal, they don't set the deal.' He added that he had no intentions to talk with Chinese President Xi Jinping, dampening hopes of a potential negotiation between the two of the world's largest economies. Beyond the major indices, 10 companies stood out with strong gains amid a flurry of fresh developments. In this article, we name Monday's 10 best performers and detail the reasons behind their gains. To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume. Why Hecla Mining Company (HL) Soared on Monday Aerial view of a gold mine, with its winding roads and pits. Hecla Mining Company (NYSE:HL) Hecla Mining grew its share prices by 5.51 percent on Monday to close at $4.79 apiece as investors resorted to bargain-hunting following four straight days of decline, coupled with the surge in prices of precious metals. As of this writing, spot prices of gold were up by 2.76 percent at $3,329.86 per ounce, while prices of Silver grew by 1.48 percent at $32.49 per ounce. Hecla Mining Company (NYSE:HL) is an Idaho-based company specializing in silver and gold production. In recent news, Hecla Mining Company (NYSE:HL) entered into an agreement with Dolly Varden Silver Corporation for the latter's plan to fully acquire the former's Kinskuch property for $5 million. According to Dolly Varden, it would issue more than 1.3 million shares to Hecla Mining Company (NYSE:HL), while the latter would retain a 2-percent net smelter return royalty on the property for acquisition. Overall, HL ranks 4th on our list of Monday's best performers. While we acknowledge the potential of HL as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than HL but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
