Hecla Mining Co (HL)

[flemsnopes]

Hecla Mining Company (NYSE:HL) Reports 2013 Results

Boston, MA – (NYSEPOST) – 02/03/2014 – Hecla Mining Company (NYSE:HL) reported its 2013 results. The company reported production of 8,919,728 ounces of silver in 2013, which is a rise of 39% to the 6,394,235 ounces that were produced in 2012. Hecla Mining Company (NYSE:HL) reported that its 2013 gold production rose from 55,496 ounces in 2012 up to 119,989 ounces. It also reported that it had lead production of 30,374 tons in 2013, in comparison to 21,074 tons that were produced in 2012. It also had an output of 64,249 tons of zinc last year, which was a rise from 61,406 tons that were produced in 2012.

The 2013 cash-cost after the by-product credits stood at $950.79 per gold ounce and the cash cost after by the product credit/ silver ounce was $6.84. For the 2013 Q4, Hecla Mining Company (NYSE:HL) reported silver production of 2,488,722 ounces which is an increase from 2,081,328 ounces in the same quarter of 2012. Gold production for the 2013Q4 was 47,108 ounces, which was a rise the production of 15,563 ounces in the 2012Q4. Hecla Mining Company (NYSE:HL)’s CEO, Phil Baker said that in the Q4, the company achieved very significant milestones and is continuing its strong production.

Lucky Friday is back to its normalized operations and the Casa Berardi is improving production as well as costs said Phil Baker. He added that Hecla Mining Company (NYSE:HL) looks forward to much lower-cost production from the company’s 3 mines in 2014 and they will continue to be focused in increasing the consistency and reducing risk. Another focus point will be extending the mine life and improving mine production. Hecla Mining Company (NYSE:HL) is also the owner of the Friday Mine located in Idaho. This mine had been shut down for a year post 3 accidents that took place in which 2 miners lost their lives and 7 were injured. The company reopened this mine last year.

http://nysepost.com/hecla-mining-company-nysehl-reports-2013-results-39529