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Hollister (Au)

LOCATION: Nevada, United States
OPERATOR: Hecla Mining Company

Hollister is a historic underground mine with past production of approximately 425,000 ounces. The mine is located at the northern end of the Carlin Trend in the Ivanhoe Mining District, Elko County, Nevada, approximately 121 km east-northeast of Winnemucca, Nevada. Franco-Nevada holds a 3-5% NSR royalty on approximately 28 km2 of the Hollister project as well as a sliding scale NSR, which is subject to gold price and production thresholds and is capped at $3.5 million.

Hecla acquired the previous operator, Klondex, in 2018 which included the Hollister mine as well as the Fire Creek/Midas assets highlighted on page 38. Klondex originally purchased the Hollister project due to the potential synergies with the Midas Mill, offering lower milling costs and reduced G&A costs. Hecla does not report the Fire Creek/Midas and Hollister operations separately and instead groups the reporting into “Nevada Operations”. For 2019, Hecla expects to produce 76,000 ounces of gold and 100,000 ounces of silver from the Fire Creek and Hollister mines. Current production is coming from the various veins at the Hollister Deposit including the East Clementine, Central Hollister and Gwenivere veins.

Hecla is currently developing a decline to the Hatter Graben exploration target with completion of the initial phase expected in late 2019. Hecla plans a substantial exploration spend for Hollister in 2019 with the goal to convert Mineral Resources to Mineral Reserves as well as discover new targets.


  • Restarted operations in Q3 2017
  • Developing decline to the Hatter Graben exploration target

2018 2017 2016
Revenue to Franco-Nevada ($ million) $ 1.2 $ 0.3 $ –