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Hecla Mining Co. reports earnings

Thu., Feb. 20, 2014

Precious metals miner

Stock symbol: HL
Reporting period: 2013

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.


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