Mine Output Hits a Decade High and the Silver Deficit Still Won't Close Hecla Mining (NYSE: HL) reported year-end 231 million ounces of silver reserves and produced 17 million ounces in 2025, maintaining the longest average reserve life among peers. Greens Creek and Lucky Friday delivered strong production and reserve replacement. Hecla plans to nearly double 2026 exploration to $55 million focused on Nevada, Greens Creek, Keno Hill, and Lucky Friday to exceed annual reserve depletion.Sector context: global mine output is forecast to hit a decade high in 2026 while a persistent 67-million-ounce market deficit and rising physical investment support prices.

#HL #VZLA #AMCOF Mine Output Hits a Decade High and the Silver Deficit Still Won't Close

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Silver Demand Hits a Sixth Straight Deficit, The Supply Math Doesn't Add Up Silver market faces a sixth consecutive structural deficit in 2026, with a projected shortfall of 67 million ounces and tight supply dynamics pushing prices higher. Major producers and developers cited include Americore Resources (AMCO), GR Silver, Pan American Silver, Hecla Mining (HL) and Vizsla Silver.Notable company facts: Americore uncovered high‑grade historic cores and holds a 36 million‑ounce silver equivalent resource; Pan American produced 22.8M oz silver in 2025 and guides 25–27M oz in 2026; Hecla reports 231M oz reserves at year‑end 2025.

#HL #VZLA #AMCOF Silver Demand Hits a Sixth Straight Deficit, The Supply Math Doesn't Add Up

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