Hecla's Greens Creek Tailings Show 98% Silver, 99% Gold Recovery in EnviroGold Tests
HL has more than doubled off its 52-week low of $4.46.
Summary
EnviroGold Global announced positive Phase 2 test results for recovering silver and gold from Hecla Mining's Greens Creek Mine tailings, achieving high recovery rates of 98.07% for silver and 99.46% for gold. Hecla was identified as the previously confidential "North American Tier-1 customer" for this project. This development represents a significant step towards unlocking additional metal production from 35 years of mine waste and could reduce long-term environmental liabilities for Hecla. The next phases involve pilot plant optimization and demonstration-scale processing, which will be crucial for validating commercial viability and informing future commercial arrangements.
At the time of this announcement, HL was trading at $25.60 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $16.7B. The 52-week trading range was $4.46 to $34.17. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.