Robert Krcmarov on silver demand
From Hecla Mining CEO on vision for its future and insights on silver's rising demand · · New York Stock Exchange
“Silver is really fascinating because it's not only a store of monetary value like gold is, it also has industrial use; it has the highest conductivity and the lowest resistivity.”
On , Robert Krcmarov, Chief Executive Officer, President & Director at HECLA MINING CO, spoke about silver demand during Hecla Mining CEO on vision for its future and insights on silver's rising demand on New York Stock Exchange.
About Robert Krcmarov
In January 2025, Rob Krcmarov, the 11th CEO in Hecla Mining's 133-year history, outlined his strategic priorities. He stated that the company's direction will focus on maximizing the value of its portfolio, including a "measured pathway to optimizing production and profitability" at the Kino Hill mine in the Yukon. Krcmarov said the company will focus on generating cash flow rather than solely maximizing production, and plans to invest in critical infrastructure and foster relationships with the First Nations of Nacho Nyak Dun to turn Kino Hill around, similar to the turnaround at the Lucky Friday mine. He described Hecla's legacy as a leader in silver mining with a culture of innovation, citing the underhand closed bench mining method developed at Lucky Friday as an example that improved safety and boosted production. Krcmarov expressed a bullish outlook on silver, noting that it serves as both a store of monetary value and an industrial metal with high conductivity. He observed that silver supply has been flat at around one billion ounces over the last decade, while demand is set to increase by about 4.5% in 2025, creating a deficit. He added that the Silver Institute predicts the deficit will continue for the foreseeable future. In a 2022 interview, Krcmarov discussed his management approach at Barrick Gold, where he said he would present the value proposition to board members in accessible terms and emphasized the importance of making hard decisions proactively, such as closing an entire region to fund better opportunities.