Hecla Mining Co. reports earnings
Precious metals miner
| Stock symbol: HL |
| Reporting period: 2013 |
| Earnings:
Loss of $25.1 million (8 cents per share)
Versus 2012: Profit of $14.95 million |
| Revenue: $382.5 million, versus $321.1 million for 2012 |
| Analysis: Hecla produced 8.9 million ounces of silver last year, a 39 percent increase over the prior year, and nearly 120,000 ounces of gold. Highlights for 2013 included the Lucky Friday silver mine’s return to full production levels in September and Hecla’s acquisition of the Casa Berardi gold mine in Quebec, said Phil Baker, the company’s president and CEO. In addition to precious metals, Hecla is the nation’s third-largest producer of lead and zinc, and the outlook for those metals is improving, he said. |