Hecla Mining cut its 2012 silver production outlook

Hecla Mining Co cut its 2012 silver production outlook and said the Mine Safety and Health Administration (MSHA) has ordered to close a shaft at the miner’s Lucky Friday silver mine, where activities have been halted since November.

Hecla cut its silver production forecast to 7 million ounces from 9.5 million ounces.

The company, which mines silver and gold in the United States and Mexico, said production at the Lucky Friday mine is expected to resume in early 2013.

MSHA, which has been investigating accidents at the Idaho mine, ordered closure of the shaft due to removal of built-up material. – Reuters

Tags: Hecla Mining, Silver, silver mining, silver mining companies, silver mining industry

Posted by Silver Guru on Jan 11 2012. Filed under Silver mining. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry