Hecla Mining Company (NYSE:HL) trade at $3.74 by dropped -0.17% in most recent trading session with share volume of 51022. Hecla Mining Company (NYSE:HL) reported that an update on its exploration programs during the fourth quarter. San Sebastian continues to expand high-grade, polymetallic zones similar to the Hugh Zone on the Middle and Francine veins.
Casa Berardi has expanded and refined resources that could increase the size of the proposed Principal and current East Mine Crown Pillar (EMCP) open pits and discovered mineralization that could lead to new pits in the west part of the mine at the West Mine Pillar and NW-SW zones. Drilling of the 118 and 123 zones at Casa Berardi has discovered high-grade mineralization at depth and to the west.
Greens Creek exploration continues to expand the resource by drilling on known mineralized trends “Our strategy of investing in exploration continues to add value, with considerable exploration success this year, including the record silver, gold and lead reserves announced last week,” said Phillips S. Baker, Jr., President and CEO. “This past quarter was no different than the full year. We continue to expand the polymetallic mineralization at San Sebastian, so much so that we expect to take a bulk sample this year. At Casa Berardi, our exploration continues to confirm the high expectations we had when we acquired it, with expansions of planned pits and discovery of new open pitable material as well as new high-grade lenses underground. Finally, drilling at Greens Creek discovered high-grade mineralization in the central part of the mine that could enhance Greens Creek’s already exceptional mine economics and mine life.”
The share is moved forward to its percent change from 52-week low of 10.76% and hanging back from its percent change from 52-week high of -44.29%. Shares price moved down from its 50 days moving average with -4.73% and remote positively from 200 days moving average with -22.28%.
Shares of Yamana Gold Inc. (NYSE:AUY) held volume of 214798 shares as compare to its average volume of 11801.61 shares. Emergent Technology Holdings LP announced its first industry partnership with Yamana Gold Inc. (NYSE:AUY). Yamana, a global precious metals mining company, is the first to license Emergent’sblockchain technology supply chain solution, which traces the provenance of Conflict-Free Gold from mines to refineries, and through to vaults. The solution uses blockchain technology to administer smart contracts among the parties involved in the delivery of gold-bearing material, including miners, refineries, logistics providers and insurance companies.
“Yamana is committed to mining metals ethically and responsibly. One element of this is our commitment that all of our gold can be verified as conflict free,” said Peter Marrone, Yamana’s Chairman and Chief Executive Officer. “While our conformance with the Conflict-free Gold Standard is independently attested to each year, we see significant efficiencies, value and potential for greater assurance by tracking title and provenance of gold on a blockchain data network throughout the gold value-chain. We began working with Emergent in early 2016 and the platform they have developed proves provenance, assuring buyers and investors that the gold they buy is from responsible sources. A digitized supply chain process will improve efficiency and transparency.”
Emergent’s Responsible Gold platform is the only permissioned blockchain that tracks responsibly sourced gold from its origin to vault. Miners, including Yamana, and other supply chain participants will use Emergent’s mobile application that scans smart chips in tamper-proof seals and records transfer of custody and other data on the Responsible Gold blockchain.
AUY had a trade volume of 214798 shares as compared to average trading capacity of 11801.61 shares. The firm has price to sales ratio of 1.74 and its price to book per share was 0.69. Similarly increased performance for the quarter recorded as 20.66% and for the year was -7.37%, while the YTD performance remained at 4.81%.