Company Overview Over 100 years of exploring, developing and mining precious and nonferrous metals...
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![Page 1: Company Overview Over 100 years of exploring, developing and mining precious and nonferrous metals Operate mines and process metals in the U.S., Mexico.](https://reader036.fdocuments.us/reader036/viewer/2022081603/56649f1b5503460f94c3083a/html5/thumbnails/1.jpg)
![Page 2: Company Overview Over 100 years of exploring, developing and mining precious and nonferrous metals Operate mines and process metals in the U.S., Mexico.](https://reader036.fdocuments.us/reader036/viewer/2022081603/56649f1b5503460f94c3083a/html5/thumbnails/2.jpg)
Company Overview
• Over 100 years of exploring, developing and mining precious and nonferrous metals
• Operate mines and process metals in the U.S., Mexico and Venezuela
• Headquartered in Coeur d’Alene, Idaho, with approximately 1300 workers globally
• Listed on the NYSE since 1964
• 23rd largest precious metals company in the world
![Page 3: Company Overview Over 100 years of exploring, developing and mining precious and nonferrous metals Operate mines and process metals in the U.S., Mexico.](https://reader036.fdocuments.us/reader036/viewer/2022081603/56649f1b5503460f94c3083a/html5/thumbnails/3.jpg)
Silver (Ag)
Gold (Au)
Corporate Office
Historichigh-grade
gold districtLa Camorra
World Class Mining World Class Mining DistrictsDistricts
Lucky Friday
1.2 Billion ounces of
silver
500 years of silver
production
San Sebastian
Nevada's gold trend
Hollister Block
World class ore
bodyGreens Creek
![Page 4: Company Overview Over 100 years of exploring, developing and mining precious and nonferrous metals Operate mines and process metals in the U.S., Mexico.](https://reader036.fdocuments.us/reader036/viewer/2022081603/56649f1b5503460f94c3083a/html5/thumbnails/4.jpg)
20012001
United States
Venezuela
49%
42%
9%
Mexico
United States
Venezuela
34%
36%30%
Mexico
Revenue by CountryRevenue by Country
20032003
![Page 5: Company Overview Over 100 years of exploring, developing and mining precious and nonferrous metals Operate mines and process metals in the U.S., Mexico.](https://reader036.fdocuments.us/reader036/viewer/2022081603/56649f1b5503460f94c3083a/html5/thumbnails/5.jpg)
Income Exposure by CountryIncome Exposure by Country
$15
2001 2002 2003
U.S. Venezuela Mexico
-$5
$0
$5
$10
-$10
$ in millions
![Page 6: Company Overview Over 100 years of exploring, developing and mining precious and nonferrous metals Operate mines and process metals in the U.S., Mexico.](https://reader036.fdocuments.us/reader036/viewer/2022081603/56649f1b5503460f94c3083a/html5/thumbnails/6.jpg)
Non-Operating ExpendituresNon-Operating Expenditures
• Venezuela…………………………..$70 million– Mina Isidora– La Camorra shaft– Canaima– Exploration
• Mexico……………………………….$15 million– Exploration
• USA……………………………………$45 million– Hollister Block– Lucky Friday– Greens Creek
Over 2-3 Years
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• Acquired shares of Monarch Resources in 1999• Operate the La Camorra Mine• Developing mines in Block B (Minerven)
Current Current SituationSituation
• Largest gold producer in Venezuela• Largest private employer in the southern Bolívar State
– 500 direct employees– 750 indirect employees– 5000 beneficiaries
Hecla Venezuela
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0
25
50
75
100
125
150
175
'95 '96 '97 '98 '99 '00 '01 '02 '03 '04$0$50$100$150$200$250$300$350$400
Ounces Produced (in thousands)Cost per Ounce
Hecla Venezuela
ProductioProduction & Costsn & Costs
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$0
$20
$40
$60
'99 '00 '01 '02 '03 Total to'03
'04 '05 Total
Net Income & Net Income & InvestmentInvestment
In millions
Net Income Investment
Hecla Venezuela
$115
![Page 10: Company Overview Over 100 years of exploring, developing and mining precious and nonferrous metals Operate mines and process metals in the U.S., Mexico.](https://reader036.fdocuments.us/reader036/viewer/2022081603/56649f1b5503460f94c3083a/html5/thumbnails/10.jpg)
VenezuelaVenezuela
Caracas
PuertoOrdaz
Historic Gold
District
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Property Property PositionPosition
N
EL DORADO
TUMEREMO
EL MIAMO
GUASIPATI
PASTORAGREENSTONE
BELT
EL CALLAO
CUYUNI RIVER
EL DORADOCONCESSIONS
BOTANAMOGREENSTONE
BELT
MINERVENCONCESSIONS
1 2 5
69
3 4
78
1012 11
Block ‘B’
Mina Isidora
Canaima
La Camorra
Caracas
PuertoOrdaz
MAP AREA
Mina Tomi (Crystallex)
Mineria MS
Revemin(Crystallex)
Mina Colombia(Minerven)
La Victoria (Crystallex)
Hecla Venezuela
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Growth At DepthGrowth At Depth
-400
-600
-80010,000E
10,200E
10,400E
Probable
Inferred14
20
18 22
21
19
2004 Definition
Drilling
To be explored from u/g
or Devico
Explore observed
trend eastward
La Camorra
Mother Hole In
Progress
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La Camorra La Camorra Shaft ProjectShaft Project
Plans for the Future
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RIO CUYUNI
TUMEREMO 55km
EL DORADO
10km
NIÑAVI
EMILIAII
NIÑAIII
ELPLACER
NIÑA II
YESSICA
NIÑAIV
NIÑAVII
LAMEDUSA
CANAIMA
SUDOR
NIÑA I
LACAMORRA
1.0 Km
N
Canaima
Esperanza
Resortera
CVG Exploration ContractExploitation Concession
EMILIAI
Pescador
MartaRosita
Isbelia
BetzySAN
RAFAEL
Main
BELKYS
La CamorraLa CamorraLand PositionLand Position
Hecla Venezuela
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Hecla Property Hecla Property PositionPosition
N
EL DORADO
TUMEREMO
EL MIAMO
GUASIPATI
PASTORAGREENSTONE
BELT
EL CALLAO
CUYUNI RIVER
EL DORADOCONCESSIONS
BOTANAMOGREENSTONE
BELT
MINERVENCONCESSIONS
1 2 5
69
3 4
78
1012 11
Block ‘B’
Mina Isidora
Canaima
La Camorra
Caracas
PuertoOrdaz
MAP AREA
Mina Tomi (Crystallex)
Mineria MS
Revemin(Crystallex)
Mina Colombia(Minerven)
La Victoria (Crystallex)
Hecla Venezuela
![Page 16: Company Overview Over 100 years of exploring, developing and mining precious and nonferrous metals Operate mines and process metals in the U.S., Mexico.](https://reader036.fdocuments.us/reader036/viewer/2022081603/56649f1b5503460f94c3083a/html5/thumbnails/16.jpg)
El Callao GoldEl Callao GoldMining DistrictMining District
1 0 0 0
M E T E R S
Block ‘A’
Block ‘B’
SosaMendez
Colombia
Caratal Mill
Revemin MillSanta Barbara
Airport
ELCALLAO
N
Laguna
SantaRita
El Peru Mill
Panama
CenicerosChile
Hecla Venezuela
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Plans for the Future
MinaMinaIsidoraIsidora
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Sampling PlantSampling Plant El Callao El Callao
AUTOMATIC SAMPLING UNIT PRIMARY CONE
CRUSHER
STACKING BELT
VIBRATING SCREENS
PRIMARY FEED BELT
STOCKPILE OF 3,800 - 4,000 TONNES READY FOR
SAMPLING
Plans for the Future
![Page 19: Company Overview Over 100 years of exploring, developing and mining precious and nonferrous metals Operate mines and process metals in the U.S., Mexico.](https://reader036.fdocuments.us/reader036/viewer/2022081603/56649f1b5503460f94c3083a/html5/thumbnails/19.jpg)
• Ministry of Energy and Mines• Ministry of the Environment• Department of the Defense• SENIAT (Internal Revenue Service)• Corporacion Venezolana de Guayana (CVG)• CVG Minerven• Ministry of Foreign Affairs • Local Communities• Small Miners
Who We Work With
PartnersPartners for Success for Success
![Page 20: Company Overview Over 100 years of exploring, developing and mining precious and nonferrous metals Operate mines and process metals in the U.S., Mexico.](https://reader036.fdocuments.us/reader036/viewer/2022081603/56649f1b5503460f94c3083a/html5/thumbnails/20.jpg)
• Crusher Project
• Block B
• Small Miner Areas
Small MinersSmall MinersWho We Work With
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Social Geological
Legal HECLA
FinancialTechnical
Environmental
Small MinersSmall MinersWho We Work With
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Small Miner Support -Small Miner Support -Mina Panama Pozo 2 VentilationMina Panama Pozo 2 Ventilation
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Small Small Miner -Miner -SupportSupportIsbeliaIsbeliaHeadframHeadframee
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Small Miner Support – Small Miner Support – Mina Panama Pozo 4 Mina Panama Pozo 4
HEADFRAME
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Public
Services
HECLAEducation
Health Employees
Housing
Social Social InvestmentsInvestments
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• Mission Barrio Adentro• Mision Robinson• Mision Piar
Social Investments – In Social Investments – In Participation with Participation with
GovernmentGovernment
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CommunityCommunity Achievement Achievementss
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Community Involvement Community Involvement – First Quarter 2004– First Quarter 2004
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Community Involvement - Community Involvement - Water Delivery Water Delivery
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• Monarch Legacy Issues• Resource Replacement• Small Miners• Customs
ChallengesChallengesVenezuela
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• Brought new technology & specialized ability to Venezuela– Turned unprofitable into profitable
operations– Generated a return for Hecla & Venezuela
• Expect to almost double our investment in the next two years
• Past success & partners’ support will allow us to overcome the challenges
ConclusionConclusionVenezuela