May 11, 2013 in Business

Hecla Mining Co.

Coeur d’Alene-based silver miner
Stock symbol: HL
Reporting period: 1Q

Profit of $11 million

4 cents per share

Versus 1Q 2012:

Profit of $12.4 million

4 cents per share

Revenue: $76.5 million
Analysis: First-quarter sales fell 16 percent over the same period in 2012 as silver prices fell 7.8 percent to average $30.08 per ounce. Higher production costs are due in part to mining resuming at the Lucky Friday Mine in February after it was closed for more than a year.

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