HECLA MINING COMPANY $6.93 (New York symbol HL; SI Rating: Extra Risk) (208-769-4100; www.hecla-mining.com; Shares outstanding: 256.1 million; Market cap: $1.8 billion) explores for, mines and processes silver and gold in the U.S. and Mexico.
Hecla expects to produce between 10 million and 11 million ounces of silver this year. This will mostly come from the Greens Creek mine in Alaska, and Hecla’s Lucky Friday mine in Idaho.
In the three months ended June 30, 2010, Hecla’s revenue rose 18.8%, to $88.6 million from $74.6 million a year earlier. Higher silver prices and lower costs were the main reasons for the gain. The company earned $0.06 a share, compared to nil per a share. Cash flow per share rose 45.5%, to $0.16 from $0.11.
Hecla has eliminated its debt. The company had debt of $161.7 million at the start of 2009. Hecla holds cash of $197.4 million, or $0.77 a share.
The company holds an attractive mix of mines and exploration properties, all in…
Privacy Policy and Terms of Use
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Changes to this Policy
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