Hecla Mining Company (NYSE:HL) is one of the best high volume stocks to buy right now. On November 25, CIBC raised the firm’s price target on Hecla Mining to $16.50 from $15 and maintained a Neutral rating on the shares. This sentiment followed the exploration update by the company. After pausing Nevada production in 2019 to address cost and operational issues, Hecla’s recent exploration success changed the narrative. The firm believes that the company can now use its standing infrastructure to resume operations more affordably.
On November 24, Hecla Mining announced a high-grade gold discovery at its Midas Project in Nevada. First-pass drilling on the two-mile Pogo Trend yielded visible gold, returning 0.95 oz/ton gold over 2.2 feet, including a high-grade intercept of 6.42 oz/ton gold. The company also successfully traced the Sinter Vein across a 750-foot fault offset, confirming the system remains open for expansion. Because Midas already features a permitted 1,200 tpd mill and tailings facility, these discoveries offer a low-capital path to restarting production.
Additionally, the Aurora Project in Nevada received federal FAST-41 Transparency status to expedite permitting. A final decision is expected by January 2026, which would allow Hecla to begin drill testing high-priority targets later that year. The project includes a 600 tpd mill and historical underground production grades of 2.24 oz/ton gold, further strengthening the company’s Nevada pipeline.
Across its other districts, Hecla reported continued success in expanding known mineralization. At Keno Hill in the Yukon, a potential new ore shoot at the Bermingham Deposit returned 40.4 oz/ton silver over 12.5 feet, confirming that high-grade mineralization extends deep below current reserves. Meanwhile, at Greens Creek in Alaska, drilling extended the Gallagher zone by 550 feet and the Northern 200 South zone by 150 feet. Both areas remain open, supporting Hecla Mining’s long-term objectives for mine life extension.
Hecla Mining Company (NYSE:HL), together with its subsidiaries, provides precious and base metals in the US, Canada, Japan, Korea, and China.
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Disclosure: None. This article is originally published at Insider Monkey.
