Topic: Growth Stocks

HECLA MINING COMPANY $3.35 – New York symbol HL

HECLA MINING COMPANY $3.35 (New York symbol HL; TSINetwork Rating: Extra Risk) (208-769- 4100; www.hecla-mining.com; Shares outstanding: 367.4 million; Market cap: $1.2 billion) explores for, mines and processes silver and gold in the U.S. and Mexico.

Most of the company’s silver output comes from its Greens Creek mine in Alaska and its Lucky Friday project in Idaho. Hecla’s Casa Berardi mine in Quebec supplies the majority of its gold production.

In the three months ended December 31, 2014, Hecla produced 3.2 million ounces of silver, up 29.1% from 2.5 million ounces a year earlier. Gold output rose 16.1%, to 54,674 ounces from 47,108. Cash flow per share climbed 18.2%, to $0.13 from $0.11.

Hecla expects its mines to produce 35.0 million ounces of silver equivalent production (this measure includes gold) in 2015. That’s up just slightly from the 34.5 million ounces it produced in 2014.

Hecla is cutting back on capital spending while it waits for higher gold and silver prices. That will keep production flat for now.

Hecla Mining is a buy.

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