Hecla Mining Co (HL)

[ironyman]

For those who don’t know, the CME raise the margin amount on silver futures contracts from 14,000 to 16,500.

What I read is they did this to the Hunt brothers four times. ......it’s a bit late to load up on physical, but one can still by silver stocks as they are very undervalued. JMO

[nowwhat2]

Low today of 5.81 - Last 5.92

[Hank Kerchief]

Looks like earnings come out Feb 18th?
https://ir.hecla-mining.com/news-events/events-webcasts/

[ironyman]

Mizoho and Goldman a appear to be standing for a couple of large deliveries for tomorrow.

Just a thought that the Sunshine Mint must be all tied up with making blanks for the mint this time of year.

[ironyman]

Almost nine million shares were sold short in this stock yesterday which will contribute to keeping the price up as they must cover. Hecla is going to have a good earnings report.

So many factors have come together at the same time.....Great entertainment.

[ClayTrader]

* * $HL Video Chart 02-01-2021 * *

Link to Video - click here to watch the technical chart video

[ironyman]

This is just the start of something which might go on in this sector for a couple of years. A whole bunch of up and down, but now everyone knows how tight the silver market really is.

[Ann1]

I have a feeling we haven't seen the highest price yet on HL. I'm pleasantly surprised by the action today.

Etrade was definitely lagging today on all trades. Very strange.

[ironyman]

There is a 25% premium on silver dollars and they still have none to sell.

[Hank Kerchief]

Thanks. Very interesting.

[ironyman]

My information is from last Friday where Brinks and Loomis had some large withdrawals. Tomorrow’s information should be enlightening.

[Hank Kerchief]

Interesting. How can one check to see if that is actually happening? The delivery of silver that is.

[ironyman]

Yes, The Bullion dealers hedged and have no choice but to take delivery. Silver mining was already in a deficit of 1% before this hit. Now there is a run on physical. ....The stackers saw this coming. It was only a matter of when? The where is rather comical.

[nowwhat2]

Is that what's gonna happen ?




PS - That ain't not no normal chart

[scaryharrysafari]

E*Trade is holding up orders for HL and its options!

UPDATE! and NOW the ~!@#^()_ PIRATES have raised the MARGIN from 35% to 50%

[ironyman]

Price going much high when Comex goes dry today.

[nowwhat2]

Hecla Mining's stock soars 26% premarket toward a more than 4-year high

Hecla's up to 7.18


2 wks ago


Now
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=hl&time=100&startdate=1%2F1%2F2020&enddate=2%2F10%2F2021&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&x=38&y=9&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=9

[HelloKitty8]

$HL Purrrr! =)

[makinezmoney]

$HL: Lucky Friday Silver MINE ..............



$LFEX


The Lucky Friday mine is an underground silver, lead, and zinc mine near Mullan, Idaho, it is operated by Hecla Mining company. Lucky Friday is one of the few mines remaining operational in the silver valley, producing 1000 tons of ore per day, the ore deposit type is Polymetallic veins of hydrothermal origin, the mining method used is underhand cut and fill mining. The mine's primary access and production are through the Silver Shaft, an 18 feet (5.5m) diameter, concrete lined shaft sunk to a depth of 6,200 feet (1,890m).GeographyThe mine is located one mile east of Mullan, Idaho in the Coeur d’Alene Mining District.GeologyThe geology is Precambrian meta-sedimentary rocks and forms veins ranging in width from 4 to 20 feet in width extending down over 6,000 feet.The ore is bleached by hydrothermal processes and extend downwards in veins at a 75 degree angle.HistoryThe mine was discovered in 1880 by J.F. Ingalls, Production started in 1942. See Less



GO $LFEX

[ironyman]

All online physical now gone from the major dealers. Comex will get cleaned out tomorrow.

[ironyman]

Darn near everything Silver is sold out. Price much move far up for anyone to sell. ...Reddit did it.

[akgoldminor]

I think it's safe to say you'll see it again tomorrow :}

AK

[nowwhat2]

I just can't figure out why there aren't bread lines.
I guess when ya' don't hafta pay rent it avoids them.
But I am not sure 'cuz I'm not a economist.
https://www.texastribune.org/2020/12/22/texas-eviction-protections/


Instead I'm just scoping out some silvers tonight where yeah -Hecla looks better than most....










Better check EDR !....Oh, okay.....














I should be working on locating the best-looking producers' chart.....
Was almost thinking that Endevour was better than most but I need to check Helca also (for US-based)



Last time I looked at 'em was a week ago.....See post this replies to
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=160974077


Yup............Hecla looks better than most !

[HONU]

Hecla trending on Twitter/WallStreetBets along with SLV, AG, SIL. If you have a Twitter account find #silversqueeze and retweet it along with HL.

[ironyman]

Silver at 27 and this can’t make it to 6.....disgusting

[akgoldminor]

Blackrock increased their holdings of HL again!!

AK

[kairos]

thank you ... time for silver to shine ... HL

[akgoldminor]

Good move kairos!! She took off like a banshee this morning.

AK

[kairos]

Silver getting hot ... grabbed some HL this mornin'

[akgoldminor]

HIGHLIGHTS

Silver production of 13.5 million ounces, an increase of 7%, second highest production only to 2016.
Gold production of 208,962 ounces, expected lower gold production from the Nevada operation decreased production 23% from 2019, which was Hecla’s highest gold production.
Zinc and lead production increased 7% and 41%, respectively, due to the ramp up of the Lucky Friday Mine.
Silver equivalent production of 40.7 million ounces and gold equivalent production of 471,413 ounces.2
Year-end cash position of $131 million with the credit facility undrawn.

AK

[ironyman]

From what I read, silver production was down 5% and demand was down 4% in 2020. Most mine grades are lower.....This is what I have read. Does anyone have different information?

[akgoldminor]

Top off your tanks when you get opportunities like this morning. Only 3 weeks until Q4 and EOY reports!

AK

[HelloKitty8]

Too late! Already in with a starter. =)

[ironyman]

Yea,yea,comeWednesday after options it will go back up.

[HelloKitty8]

$HL HELLO?!? ELO?!? elo?!? O... o... o... Great then! =)

[ironyman]

I’m not sure if the run up on AG is a short squeeze, but if one compares values, we should be around 9

[ironyman]

Silver is up and this is down......Yawn

[ironyman]

I’m seeing trash talk about HL the Yahoo thread.....Likely that silver is about to explode

[Hank Kerchief]

A little frustrating to see silver up and HL lagging behind PAAS and CDE. Especially with the recent good results on production.

[BottomBounce]

$HL Silver 25.11 +0.19

[BottomBounce]

$HL Silver production of 13.5 million ounces, an increase of 7%, second highest production only to 2016. Gold production of 208,962 ounces, expected lower gold production from the Nevada operation decreased production 23% from 2019, which was Hecla's highest gold production. Zinc and lead production increased 7% and 41%, respectively, due to the ramp up of the Lucky Friday Mine. Silver equivalent production of 40.7 million ounces and gold equivalent production of 471,413 ounces.(2) Year-end cash position of $131 million with the credit facility undrawn. Net debt reduction of approximately $75 million, or 16%, from March 31, 2020.(3) All injury frequency rate (AIFR) of 1.22 for 2020, lowest in the Company's history and a reduction of 24% over 2019.

"Despite the challenges of operating during the pandemic, 2020 marked a year of very strong operational performance with silver production significantly exceeding guidance," said Hecla's President and CEO, Phillips S. Baker, Jr. "Our U.S. silver production was 15% higher than the year before and more than 50% higher than 2018, strengthening our position as the United States largest silver producer. The strong performance allowed Hecla to reduce net debt, increase dividends, and double exploration expenditures while more than doubling last year's cash position. At current prices, we could repeat these results in 2021."

[BottomBounce]

$HL Hecla Reported Q2 Silver Production 13.5M Oz., Up 7% On Year-Over-Year Basis, Gold Production 208.96K Oz.

[nowwhat2]

Here is how the Hecla closed......(they think they can fool us !)









I use Hecla as a signpost






















nowwhat

[akgoldminor]

Can't argue with that. Doubled my position last two days. I'll settle for a double from here.

AK

[ironyman]

Hmm, At 30 million net, that would be a PE of 70.....Price would be 11.00 based on AngloGold numbers.

Factor in that Lucky Friday will be producing a third more again silver, and Nevada material being processed. First quarter numbers for 2021 could take this to 20.00.....if this were a tech stock, then it would be 200.00

[nowwhat2]

Storm clouds building....?




Low(er)-risk long ?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=160278300




55/45 odds ?


Top chart probably WILL be sent tanking tho.....so maybe this ain't right.

[akgoldminor]

Metals and miners all in the $hitter today.

AK

[Hank Kerchief]

Seriously? WTH just happened to the share price? Did a mine explode or something?

[ironyman]

Really good production numbers for the year and the stock price goes down. What am I missing here?

[akgoldminor]

Definitely good numbers. Buying any dips.

AK