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Article: Hecla has high hopes for Silver Valley
- Article from:
- Journal of Business
- Article date:
- September 13, 2007
- Author:
CopyrightCopyright Northwest Business Press Inc. Sep 13, 2007. Provided by ProQuest LLC. (Hide copyright information)
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The resurgence of Hecla Mining Co.'s venerable Lucky Friday mine near Mullan, Idaho, might seem remarkable enough, given recent strong production gains, plummeting cash costs, and a surge in hiring there. That rebirth, however, would pale in comparison to the growth the silver, lead, and zinc mine would see if current studies of the property find what the Coeur d'Alene mining company's executives hope is true.
"We could end up doubling employment there," says Phillips S. Baker Jr., Hecla's president and CEO.
Just six years ago, when Baker joined Hecla as chief financial offices "There were voices in the company that wanted to shut down the Lucky Friday," he says. That's when silver prices ...