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The project is expected to employ over 7,500 people during peak construction and create around 3,500 direct long-term jobs once in production.

Production overview - 2024: copper 7.3 Mt, gold 13 Moz.

Processing facilities will produce a high-quality copper-gold concentrate. The development is planned in two phases with a combined process capacity of 90 million tonnes per annum. The concentrate produced will be transported by rail to Port Qasim in Karachi.

The mine will be a truck-and-shovel operation.

The reconstitution of the Reko Diq project was completed in December 2022. An updated feasibility study was set to be finished by the end of 2024, with technical reports filed in February 2025. The Environmental and Social Impact Assessment (ESIA) has been approved by government authorities. In early 2026, Barrick announced it was slowing development activity and extending a project review until mid-2027 due to escalating security issues in the region. This is expected to impact the previously stated budgets and timeline, which had targeted first production by the end of 2028. The estimated capital cost for Phase 1 was previously disclosed as between $5.6 billion and $6.0 billion, with Phase 2 estimated between $3.3 billion and $3.6 billion, though Barrick has warned of potential significant increases.

Production overview - 2024: copper 65000 t.

The mine uses conventional flotation to produce copper concentrate. The processing facility has undergone upgrades to handle increased production, including an expansion of the concentrate and tailings dewatering facility.

The underground mining fleet includes Sandvik trucks (nine TH663i and three TH663), LHDs (seven LH621i and one LH621), four Sandvik DL421 production drills, and three Sandvik DD421 development rigs, plus a Rhino 100HM boxhole borer.

The Jabal Sayid Lode 1 orebody, located less than one kilometre from the existing lode, has been developed to extend the mine life. This expansion involved significant underground capital development, upgrades to ventilation and a paste plant, with stoping commencing in the third quarter of 2023. The expansion is expected to enable the operation to deliver 3 million tonnes per annum.

Over 3,000 Papua New Guineans are expected to be employed by the end of 2024. In 2009, the mine had 2,500 employees and 500 contractors.

Production overview - 2019: gold 17 t; 2009: gold 572595 oz, silver 94764 oz.

The processing plant includes a crushing circuit, grinding circuit, gravity and regrind circuit, flotation circuit, pressure oxidation and tailings neutralisation circuits, leaching and adsorption circuits, and a gold refinery. The process uses gravity concentration, flotation, pressure oxidation, and cyanide leaching.

In the first quarter of 2025, an order was placed for seven new surface drill rigs from Sandvik Mining and Rock Solutions to replace an ageing fleet. The order includes four Sandvik DR410i rotary blasthole drill rigs and three Leopard™ DI650i down-the-hole drill rigs. The first underground units from a previous order with Sandvik were delivered in 2024, with deliveries expected to continue through 2028.

The Porgera mine was placed on care and maintenance in April 2020. A Porgera Project Commencement Agreement was formally completed on 22 December 2023. Mining and processing restarted in January and February 2024, respectively. The first gold pour was expected in the first quarter of 2024. New Porgera Limited (NPL) is the new joint venture company that owns the mine, with Barrick Niugini Limited (BNL) as the operator.

approximately 7,000 people

Nevada Gold Mines is the single largest gold-producing complex in the world, formed on 1 July 2019, as a joint venture between Barrick Gold and Newmont Corporation. The complex comprises 10 underground and 12 open-pit mines, two autoclave facilities, two roasting facilities, four oxide mills, a flotation plant, and five heap leach facilities. The assets are located across northern Nevada and include the Cortez, Carlin, Turquoise Ridge, Phoenix, and Long Canyon operations.

Production overview - 2023: gold 4.05 Moz, copper 420 Mlbs; 2022: gold 4.14 Moz, copper 440 Mlbs.

The complex utilises a variety of processing methods tailored to the different ore types. This includes heap leaching for oxide ores, conventional milling and carbon-in-pulp for sulphide ores, and roasting or autoclaving for refractory ores. The processing facilities include: - Carlin Complex: Gold Quarry Roaster, Goldstrike Autoclave, Goldstrike Roaster, South Area Leach, North Area Leach. - Cortez Complex: Cortez oxide mill (Pipeline mill), Cortez Heap Leach Area 30, and Cortez Heap Leach Area 34. - Phoenix Complex: A copper leach pad, an SX/EW plant, and a Phoenix mill. - Turquoise Ridge Complex: Sage Autoclave and Juniper Oxide CIL plant.

In a multi-year agreement through 2025, Nevada Gold Mines is upgrading its fleet with 62 new Komatsu 930E-5 haul trucks.

The Goldrush underground mine project at the Cortez Complex received its Record of Decision in December 2023 and is expected to ramp up production. The mine is forecast to produce 130,000 ounces of gold in 2024, growing to approximately 400,000 ounces per annum by 2028. The Goldrush project has an expected mine life of 24 years and is anticipated to create 500 jobs during construction and 570 operational roles. The total capital expenditure for the Goldrush project is estimated at approximately $1 billion.

In 2022, the total average number of employees was 2,731, consisting of 957 permanent employees and 1,774 contractors. As of early 2022, approximately 92% of the full-time workforce were Congolese nationals.

Production overview - 2025: gold 673000 oz; 2021: gold 812000 oz.

The metallurgical plant includes a twin-circuit sulphide and oxide plant with conventional carbon-in-leach (CIL), gravity recovery, and a float and ultra-fine grind circuit. The plant can process 7.2 million tonnes of ore per year. In 2025, the plant processed 8.322 million tonnes.

The underground mining equipment includes development drills, production drills, trucks, and loaders. The loading fleet consists of manual loaders and loaders set up on Sandvik's Multilite remote-control and automation control systems.

Exploration success is expected to extend the mine's life to 2040. A 16MW solar plant is being constructed to increase the use of renewable energy from 81% to 85%. Ongoing exploration is focused on the ARK-KCD corridor, which shows potential to significantly grow the mine's reserve base.

The Silver Valley / Star project is in the exploration phase, with Hecla Mining Company allocating 9% of its 2025 exploration budget to an expanded program in the prolific Silver Valley district. The Star mine was historically operational until 1982.

The San Juan Silver project is located in the historic Creede Mining District in Colorado. It is a consolidated land package covering approximately 21 square miles, which for the first time is under single ownership. The project includes the historic Bulldog mine, which produced 25 million ounces of silver between 1969 and 1985. Hecla Mining Company considers the San Juan Silver project to be in the exploration and pre-development stage. The company's focus is on strategic advancement to access underground infrastructure for resource confirmation and expansion.

Production overview - 2025: silver 36760000 oz; 2024: silver 37026000 oz.

The company's focus is on strategic advancement to access underground infrastructure for resource confirmation and expansion.

300 (proposed)

The Rock Creek project is a stratabound sediment-hosted silver-copper deposit. Hecla Mining Company is not currently engaged in permitting activities for the Rock Creek mine. This decision is influenced by a history of legal challenges from non-governmental organisations, with litigation expected to resume if permitting activities were to recommence. The company's focus has shifted to obtaining the necessary permits for underground exploration and evaluation at its nearby Libby Exploration Project. After acquiring the project in 2015, Hecla withdrew the existing plan of operations inherited from the previous owner. No new plan of operations has been submitted, and no activities beyond care and maintenance are currently planned for the Rock Creek project, though Hecla will retain its mineral and other property rights.

The Republic Project is an exploration project and historic mine located in Washington, USA, operated by Hecla Mining Company. The company considers the project an emerging opportunity. The property covers 3,583 acres and includes major historic productive trends such as Knob Hill, Surprise, and Golden Promise. Hecla's exploration strategy involves integrating historical datasets with 3D modelling and modern exploration tools. Recent exploration has confirmed multiple high-grade gold intercepts, indicating potential for both underground and bulk-tonnage discoveries. The project was allocated 1% of Hecla's exploration budget. Hecla's total exploration budget for 2025 was over $22 million. The last reported production from the district by Hecla was in 1995.

The Monte Cristo project is part of Hecla Mining's Nevada exploration portfolio, situated in the Walker Lane trend. It features a six-mile mineralised trend with multiple targets. Rock chip sampling has shown results of up to 0.46 oz/ton gold and 2.5 oz/ton silver in untested areas. Hecla is engaged in ongoing detailed mapping, geochemistry, and cross-section generation to advance targets to a drill-ready status. Hecla Mining acquired the Monte Cristo property from Crown Gold Corporation in May 2012.

The Libby Exploration Project, formerly known as the Montanore Mine, is an underground silver and copper exploration project. It is located approximately 20 aerial miles south of Libby in Lincoln County, Montana. Hecla Mining Company has received approval for its Plan of Operation from the U.S. Forest Service, allowing for underground exploration and evaluation activities. The exploration project is planned to be conducted over approximately 16 years, a period that includes post-reclamation monitoring. The next steps for the project include the dewatering and rehabilitation of about 7,000 feet of the existing Libby Adit, followed by an extension of nearly a mile to facilitate exploration from underground drill stations. As of early 2026, Hecla is in the process of obtaining a new Montana Pollutant Discharge Elimination System (MPDES) permit from the Montana Department of Environmental Quality (DEQ) to manage water discharge during the exploration. The previous 2006 permit is proposed to be terminated. In April 2026, it was reported that a lawsuit has been filed against the U.S. Forest Service by six groups concerned about the potential environmental impacts of the exploration project on the Cabinet Mountains Wilderness Area, particularly on water quality and endangered species. No mining is currently proposed. The ongoing activities are focused on collecting data to determine the economic viability and technical aspects of a potential future mine. If the exploration proves feasible, a new Plan of Operations for a full-scale mine would need to be submitted, which would trigger a separate and new permitting process.

The exploration project is planned to be conducted over approximately 16 years, a period that includes post-reclamation monitoring. The next steps for the project include the dewatering and rehabilitation of about 7,000 feet of the existing Libby Adit, followed by an extension of nearly a mile to facilitate exploration from underground drill stations.

The Kinskuch property is considered underexplored but prospective for silver, gold, and copper mineralisation. It is now part of Dolly Varden's broader exploration strategy for the Kitsault Valley Project.

The Connaught property is an exploration-stage project located in the Dawson Mining District of western Yukon, approximately 65 kilometres west of Dawson City. It is not in development as previously stated. The project is situated within the Sixtymile-Pika fault system, which is known to host porphyry, skarn, and epithermal mineralisation. The property shows potential for copper-molybdenum-gold porphyry deposits and also contains 26 identified silver-lead-zinc-gold-copper epithermal veins. Historical exploration has been conducted on the property, including geological mapping, geochemical sampling, trenching, and limited diamond drilling. There is no current production, but historical records show small-scale shipments of hand-sorted ore.

Production overview - 1976: gold 0.0002407 t, silver 0.5363 t, lead 144.42 t; 1966: gold 0.00004767 t, silver 0.05214 t, lead 15.2771 t.

remote camp-based operation

Production overview - 2025: silver 3018490 oz, lead 3633 t, zinc 2247 t; 2024: silver 2773873 oz, lead 2930 t, zinc 1507 t.

The mine has a fully permitted conventional flotation mill with a capacity of 400 tonnes per day, producing silver, lead, and zinc concentrates.

Mobile equipment used for waste management activities includes excavators and loaders.

Significant exploration to expand resources (Deep Bermingham ore body, Bermingham Bear Zone); amending Quartz Mining Licence and Water Licence for long-term operations, including increasing waste rock and tailings storage capacity.

Hecla is the second-largest private employer in Shoshone County. In 2024, 90% of new hires at Lucky Friday were from local communities.

Production overview - 2024: silver 4900000 oz, zinc 13513 t; 2023: silver 3100000 oz.

The plant has a surface facility with a mill that can process 1,000 tons of ore per day. It produces silver-lead and zinc concentrates. These concentrates are transported by truck to Teck Cominco Metals Ltd.'s smelter in Trail, BC, Canada. Metallurgical recovery rates for 2023 were 96% for silver, 95% for lead, and 85% for zinc.

The mine utilises an Underhand Closed Bench (UCB) mining method, for which Hecla received a U.S. patent. This method is used for the majority of production. Access to the underground workings is via the Silver Shaft, which is 6,205 feet deep. A key development is the #4 Shaft, an internal shaft that reaches 9,600 feet below the surface to access high-grade ore in the Gold Hunter/Lucky Friday Expansion Area.

In 2024, exploration drilling is planned to the east of the 30 Vein in an area between the Gold Hunter and the historic Lucky Friday Mine. A surface cooling project is expected to be completed by mid-2026.

approximately 512 people

Production overview - 2024: gold 55275 oz, silver 8.5 Moz; 2023: gold 60900 oz, silver 9.7 Moz, lead 19600 t, zinc 51500 t.

Conventional flotation and gravity concentrator processing gold-silver ore. Mill capacity upgraded to 2,500 tons per day.

Modern mechanised trackless equipment for production and development, with ore and waste hauled to the surface by trucks. Fleet includes at least one LHD capable of semi-autonomous operation and another capable of tele-remote operation.

Production extended to at least 2043 with additional waste disposal capacity. Five-year surface exploration project approved for 2025. Evaluating pyrite concentrate circuit and tailings reprocessing project.

approximately 1,000 employees

Yilgarn Operations, also referred to as the Yilgarn Hub, is an iron ore project operated by Mineral Resources Limited (MRL) through its subsidiary Yilgarn Iron Pty Ltd. The operations are located in the Yilgarn region of Western Australia, Australia.

Production overview - 2024: iron ore 7.6 Mt; 2023: iron ore 7.7 Mt.

conventional dry crushing and screening to produce lump and fines products, which are shipped directly without beneficiation.

Hitachi EX1900, EX2600, and EX3600 excavators with matching haul trucks.

Mineral Resources acquired the Koolyanobbing, Windarling, and Deception assets from Cliffs Asia Pacific Iron Ore in August 2018. The company acquired the Parker Range project in 2019.

approximately 7,500 people during peak construction and 4,000 long-term jobs

The Reko Diq Project is a copper-gold open pit mine under development in Balochistan, Pakistan. It is a joint venture operated by Barrick Gold Corporation. The project involves a two-phase processing plant with an initial capacity of 45 Mtpa, doubling to 90 Mtpa in Phase 2. Development has been slowed due to security risks and is under review until mid-2027.

First production targeted for 2028 (under review). Phase 1 projected to produce approximately 200,000 to 260,000 tonnes of copper and 250,000 to 300,000 ounces of gold annually. Phase 2 expected to increase annual production to 400,000 tonnes of copper and 500,000 ounces of gold. Total life of mine production expected to be 13.1 million tonnes of copper and 17.9 million ounces of gold.

Truck-and-shovel open pit mine with processing facilities to produce a high-quality copper-gold concentrate. The processing plant will be constructed in two phases: Phase 1 (45 million tonnes per annum processing capacity), Phase 2 (90 million tonnes per annum processing capacity).

Metso, Weir, Komatsu processing and mining equipment

Reconstitution completed December 2022. Updated Feasibility Study approved early 2025. Environmental and Social Impact Assessment (ESIA) approved. Estimated capital cost for Phase 1 is between US$5.6 billion and US$6.0 billion, and for Phase 2 is between US$3.3 billion and US$3.6 billion. Fluor Corporation selected as Engineering, Procurement and Construction Management (EPCM) partner. In early 2026, Barrick announced a review of all project aspects, including security, timetable, and capital budget, due to increased security incidents in the region. This review will continue until mid-2027 and development has been slowed.

The total average number of employees was 2,731 in 2022 and 2,988 in 2024. As of March 2022, approximately 92% of the full-time workforce were Congolese nationals.

Production overview - 2025: gold 673000 oz; 2024: gold 686000 oz.

metallurgical plant with a twin-circuit for sulphide and oxide ore, which uses conventional carbon-in-leach (CIL), gravity recovery, and a flotation and ultra-fine grind circuit. The plant has a processing capacity of 7.2 million tonnes per year.

three hydropower stations, a 16MW solar plant with a Battery Energy Storage System (BESS), 740m deep haulage shaft, materials handling system

Ongoing exploration of the ARK-KCD corridor continues to show potential for significant additional orebodies, which could extend the mine life. The Kalimva, Ikamva, and Ndala satellite pits are being mined under contracts with local businesses. Operational improvements are underway in the underground mine to increase productivity.

Hecla Mining Company is currently engaged in exploration activities at its Silver Valley / Star property in Wallace, Idaho. The company has a renewed emphasis on exploration in this historically significant silver district. The project is focused on silver, lead, and zinc. As of 31 December 2025, Indicated and Inferred resources have been reported for the Star property. The estimation of these resources was based on a minimum mining width of 4.3 feet and a Net Smelter Return cut-off value of $280 per ton. The metallurgical recovery rates used in the resource calculation were 93% for silver, 93% for lead, and 87% for zinc. The Silver Valley exploration project was allocated 9% of Hecla's exploration budget.

The San Juan Silver project is a high-impact development project located in the Creede Mining District of Colorado, a prolific silver-producing region. The project is focused on the historic Bulldog mine, which produced 25 million ounces of silver between 1969 and 1985. As of the end of 2025, the Bulldog Mine has an inferred resource of 38 million ounces of silver, 49,400 tons of lead, and 39,850 tons of zinc. The company is strategically advancing towards accessing the underground infrastructure to confirm and expand upon these resources. The entire Creede Mining District, covering 21 square miles, is under single ownership for the first time, with a historic production of over 84 million ounces of silver.

As of the end of 2025, the Bulldog Mine has an inferred resource of 38 million ounces of silver, 49,400 tons of lead, and 39,850 tons of zinc. For the year ended 31 December 2025, the inferred resource was 36,760,000 ounces of silver, 49,270 tons of lead, 40,310 tons of zinc, and 26,000 ounces of gold. For the year ended 31 December 2024, the inferred resource was 37,026,000 ounces of silver, 47,430 tons of lead, 38,020 tons of zinc, and 27,000 ounces of gold.

300 (proposed)

The project is currently on hold as federal authorisation was invalidated in 2021 due to impacts on grizzly bears and bull trout, and Hecla Mining Company is not currently seeking permits for construction.

Production overview - 2023: silver 28490 t, copper 27869 t.

Proposed metallurgical recoveries are 88% for silver and 92% for copper.

The Republic project is an exploration-stage asset owned by Hecla Mining Company in Washington, United States. The company describes it as an "emerging opportunity" and it accounted for 1% of Hecla's exploration budget. The project's land package covers 3,583 acres, which includes all major historically productive trends in the Republic mining district such as Knob Hill, Surprise, Lone Pine-Last Chance, Tom Thumb, and Golden Promise. The Republic district is noted as Washington's largest historical gold producer. Hecla is undertaking a modern exploration approach at the site, which involves integrating historical datasets with 3D modelling and contemporary exploration techniques. The company has reported that recent exploration has confirmed multiple high-grade gold intercepts, which indicate potential for both underground and bulk-tonnage discoveries. A key geological feature of the project is the significant prospective terrain that is concealed by post-mineral cover, which expands the exploration search area. Historically, the area hosted the Knob Hill mine, which Hecla acquired in 1981. Operations were extended by the discovery of the Golden Promise orebody, with the last reported production occurring in 1995. Following the cessation of mining, the mill was dismantled in 1996. The Washington State Department of Ecology lists the former "Hecla Knob Hill Mine" as awaiting cleanup, with Hecla continuing long-term mine water management and treatment activities at the site.