Conference "And in terms of our silver production, Hecla is seen here, is 26% of the U.S. silver output"
26% of all US silver comes from hecla...
Hecla is hugely undervalued...
From the conference last month:
"I talked about being in lower risk jurisdiction. The graph on the right shows, where the gold production comes from. 100% of it comes from either Northern Quebec or in Alaska. We're the only mining company of significance that 100% of our gold production is currently coming slowly. I guess there is one other one, but very few, that 100% of our goal production comes from North America.
And in terms of our silver production, Hecla is seen here, is 26% of the U.S. silver output. And again 100% of our silver output is coming from mines in Alaska and Idaho. We've had huge reserve growth. The mining company is after all about reserves, where you can see over the course of the years from 2003 to 2012, we've been able to more than triple our silver reserves and our gold ounces likewise have gone from 800,000 ounces up to 2.2 million today.
So a very good inventory in front of us for future production and we have a very diversified revenue. I realized this is a bond conference and you need to assess risks and in terms of our revenue stream you can see it's divided. The largest component is precious metals component, but that's equally divided nearly between silver and gold and then base metals represent a smaller part.
So we have a diversified stream, both in terms of the medals we produce and in terms of the geographic diversification, three world-class mines in three good jurisdictions. We also take some of that price risk out with commodities particularly with regard to our lead and zinc production