Arrow-right Camera

The Spokesman-Review Newspaper The Spokesman-Review

Monday, October 14, 2019  Spokane, Washington  Est. May 19, 1883
Partly Cloudy Day 41° Partly Cloudy
News >  Business

Hecla reports first quarter earnings of $12.4M

By From staff reports

Hecla Mining Co. reported Tuesday a first-quarter net income of $12.4 million, or 4 cents per share, on revenues of $91.2 million. That’s down from a net income of $43.2 million in the first-quarter of 2011, or 16 cents per share.

Work continues on shaft rehabilitation at the Coeur d’Alene company’s Lucky Friday Mine, where the company spent $11.7 million during the first quarter. Production halted at the underground silver mine in January as a result of shaft safety issues identified by federal inspectors. About 1,500 feet of work has been completed on the 6,100-foot long shaft, with the work expected to be finished in December.

Subscribe to the Morning Review newsletter

Get the day’s top headlines delivered to your inbox every morning by subscribing to our newsletter.

You have been successfully subscribed!
There was a problem subscribing you to the newsletter. Double check your email and try again, or email webteam@spokesman.com