February 26, 2013 in Business

Hecla Mining Co.

Silver miner
 
STOCK SYMBOL:

HL

REPORTING PERIOD:

4Q

EARNINGS:

Profit of $605,000

No earnings per share

VERSUS 4Q2011:

Profit of $18.4 million

6 cents per share

REVENUE:

$81.1 million

ANALYSIS: Closure of the Lucky Friday Mine for rehabilitation work led Hecla to produce 6.4 million ounces of silver in 2012, down from 9.5 million ounces in 2011. With the mine operating again, the company expects silver production levels to hit 8 to 9 million ounces in 2013, said Phillips S. Baker, Jr., president and CEO. Full production at the Lucky Friday is expected by the third quarter. The 2012 net income applicable to common shareholders was $14.4 million, or 5 cents per basic share.

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