Hecla Releases 2023 Sustainability Report

Rhea-AI Summary

Hecla Mining Company (NYSE: HL) has released its 2023 Sustainability Report, detailing the company's ESG (Environmental, Social, and Governance) performance amidst operational disruptions from wildfires in Quebec and severe weather in Alaska. Key highlights include an $855 million direct economic impact on local communities, over 40,000 hours of safety and health training, a 16% lower All-Injury Frequency Rate than the US average, a 5% increase in women in professional roles, a 36% reduction in Scope 1 & 2 GHG emissions since 2019, and achieving net zero carbon emissions for the third consecutive year using carbon offset credits. The report follows GRI Standards and benchmarks against SASB Metals and Mining standards, TCFD guidelines, and the TSM framework for the Casa Berardi mine in Quebec.

Positive

• $855 million direct economic impact on local communities.
• Over 40,000 hours of safety and health training.
• 16% lower All-Injury Frequency Rate compared to the US average.
• 5% increase in women in professional roles.
• 36% reduction in Scope 1 & 2 GHG emissions from 2019 baseline.
• Achieved net zero carbon emissions for the third consecutive year using carbon offset credits.

Negative

• Operational disruptions due to wildfires in Quebec.
• Multiple weather events causing issues in Alaska.

COEUR D'ALENE, Idaho--(BUSINESS WIRE)-- Hecla Mining Company (NYSE:HL) has released its 2023 Sustainability Report, highlighting the Company’s environmental, social and governance (ESG) performance.

“Hecla demonstrated resilience in 2023 as we faced operational disruptions due to wildfires in Quebec and multiple weather events in Alaska, while also developing the Keno Hill mine and executing mitigation plans at Lucky Friday,” said Phillips S. Baker Jr., President and CEO. “Despite these challenges, our focus remained on the commitment to the safety of our workforce, our environment stewardship, and the well-being of communities in which we operate, while continuing to grow our silver production to support the increasing demand for silver needed for transitioning to renewable energy like solar.”

HIGHLIGHTS OF 2023 SUSTAINABILITY REPORT

• $855 million direct economic impact to local communities
• Over 40 thousand hours of safety & health training hours
• All-Injury Frequency Rate 16% lower than the U.S. average
• 5% increase in women in professional roles
• 36% reduction in Scope 1 & 2 GHG emissions from our 2019 baseline
• Achieved net zero carbon emissions for the 3rd year in a row with the use of carbon offset credits.

REPORTING FRAMEWORKS

Hecla prepared the Sustainability Report with reference to the Global Reporting Initiative (GRI) Standards and benchmarked its performance against the Sustainability Accounting Standards Board (SASB) Metals and Mining standards and against relevant aspects of the Task Force on Climate-Related Financial Disclosures (TCFD). Hecla also reported against the Mining Association of Canada’s Towards Sustainable Mining (TSM) framework for its Casa Berardi mine in Quebec, Canada.

The full 2023 Sustainability Report, along with the ESG data tables and GRI, SASB, TCFD, and TSM content indices, can be accessed on Hecla’s website here.

ABOUT HECLA

Founded in 1891, Hecla Mining Company (NYSE: HL) is the largest silver producer in the United States. In addition to operating mines in Alaska, Idaho, and Quebec, Canada, the Company is developing a mine in the Yukon, Canada, and owns a number of exploration and pre-development projects in world-class silver and gold mining districts throughout North America.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240520413011/en/

For further information, please contact:

Anvita M. Patil, Vice President – Investor Relations and Treasurer

Cheryl Turner, Communications Coordinator

800-HECLA91 (800-432-5291)

Investor Relations

Email: hmc-info@hecla-mining.com

Website: www.hecla.com

Source: Hecla Mining Company

FAQ

What were the main highlights of Hecla's 2023 Sustainability Report?

Hecla's 2023 Sustainability Report highlights include an $855 million economic impact on local communities, over 40,000 hours of safety training, a 16% lower All-Injury Frequency Rate than the US average, a 5% increase in women in professional roles, a 36% reduction in GHG emissions since 2019, and achieving net zero carbon emissions for the third consecutive year.

What economic impact did Hecla have on local communities in 2023?

In 2023, Hecla had a direct economic impact of $855 million on local communities.

How did Hecla perform in terms of safety in 2023?

Hecla recorded over 40,000 hours of safety and health training and achieved an All-Injury Frequency Rate that was 16% lower than the US average.

Did Hecla achieve net zero carbon emissions in 2023?

Yes, Hecla achieved net zero carbon emissions for the third consecutive year in 2023 using carbon offset credits.

How did Hecla's 2023 report address gender diversity?

Hecla's 2023 report indicated a 5% increase in women in professional roles.

What environmental achievements were highlighted in Hecla's 2023 Sustainability Report?

Hecla's 2023 Sustainability Report highlighted a 36% reduction in Scope 1 & 2 GHG emissions from their 2019 baseline and achieving net zero carbon emissions using carbon offset credits.

What disruptions did Hecla face in 2023?

Hecla faced operational disruptions due to wildfires in Quebec and multiple weather events in Alaska in 2023.