Hecla Mining Co.
Gold and silver miner
| Stock symbol: HL |
| Reporting period:
3Q |
| Earnings:
Profit of $3.5 million (1 cent per share)
Versus 3Q 2013: Loss of $8.6 million (3 cents per share) |
| Revenue: $135.5 million versus $106.6 million in the third quarter of 2013 |
| Analysis: Hecla made a $55.4 million payment during the quarter, which concludes the company’s financial obligations as part of a $263.4 million Superfund settlement over historic mine waste in the Coeur d’Alene River basin. In other news, the company’s mines produced 2.9 million ounces of silver and 42,501 ounces of gold during the third quarter. Sales of lead and zinc byproducts helped the company’s bottom line amid weaker gold and silver prices, said Phil Baker, Hecla’s president and CEO. |