Hecla mines outperform; Klondex deal to close this month

US-based precious metals miner Hecla has reported a 7% decrease in second-quarter silver production, but it still managed to exceed production expectations, boosting the company’s cash position to its second-highest in six years.

Silver production decreased from 2.81-million ounces in the June quarter of 2017 to 2.60-million ounces in the quarter under review, while gold production increased by 14% year-on-year to 60 313 oz. Lead output increased by 25% to 5 522 t and zinc production increased by 10% to 14 299 t.