PRECIOUS METALS

Hecla joints hurt of New York-listed silver miners

New York-listed Hecla Mining’s Q3 adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) fell to US$26.5 million, down 62% from Q2’s $70.47 million as lower realised silver prices, deferred sales, and acquisition costs weighed on earnings.

 Hecla feels winds of lower silver price

Hecla feels winds of lower silver price

The largest US silver producer saw its realised silver prices fall 11.5% q-q to $18.30/oz from $20.68/oz. Precious metals prices have been pressured by higher global interest rates, led by the US Federal...

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