Hecla mining is the largest silver mining company in North America. It is the second most weighted company in my porfolio. The company mines silver, gold, lead, and zinc from operations in Alaska, Idaho, and Canada.

Operational Profitability (The Important Metric for Miners)

This measures the cash cost of producing an ounce of silver versus the price it sells for. The key metric here is All-In Sustaining Costs (AISC) per ounce.

Hecla has a now a AISC of lower than 12 making 300% net profit on silver (18 million ounces) and 150% profit on gold. There are some accounting difficulties but I believe in the current macro environment this is a massive opportunity.

Silver is expected to continue to outperform, it is very cheap

Increasing industrial demand for silver