Hecla Mining Company today provided an update of its exploration and drilling programs during the second quarter. HIGHLIGHTS There were up to 21 drills operating at 5 mines in North America, with spending of $4.2 million, a $3.3 million reduction over the second quarter of 2018. Exploration activity is expected to decline to 12 drills in the third quarter as expenditures are reduced. Casa Berardi High-grade lenses defined [...]
Hecla Mining Company today announced it expects to release its second quarter 2019 financial results before market open on Wednesday, August 7, 2019. A conference call and webcast will be held Wednesday, August 7, at 10:00 a.m. Eastern Time to discuss these results. You may join the conference call by dialing toll-free 1?855-760-8158 or for international by dialing 1-720-634-2922. The participant passcode is HECLA [...]
Hecla Mining Company today announced certain preliminary second quarter production results,1 changes to its revolving credit agreement and its hedge position for gold and silver. HIGHLIGHTS Silver production of 3.0 million ounces, and gold production of 58,390 ounces. Silver equivalent production of 11.0 million ounces or gold equivalent production of 125,359 ounces.2 Lead production of 5,514 tons and zinc production of [...]
Pomerantz LLP announces that a class action lawsuit has been filed against Hecla Mining Company and certain of its officers. The class action, filed in United States District Court, for the Southern District of New York, and indexed under 19-cv-05719, is on behalf of a class consisting of all persons and entities other than Defendants who purchased or otherwise acquired Hecla securities between March 19, 2018 and May 8 [...]
Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Hecla Mining Company from March 19, 2018 through May 8, 2019, inclusive of the important July 23, 2019 lead plaintiff deadline in the securities class action. The lawsuit seeks to recover damages for Hecla investors under the federal securities laws. To join the Hecla class action, go to [...]
Hecla Mining Company today announced that it is taking action to reduce spending, consistent with its goal of operating on a cash neutral basis, following the heavy investment made in Nevada in the First and Second Quarters. Highlights Significantly reduced planned development investment in Nevada while production continues. Expectations for Company-wide capital reduced by $12 million, exploration reduced by $9 million [...]
Hecla Mining Company today announced first quarter financial and operating results. HIGHLIGHTS Sales of $152.6 million. Cash provided by operating activities of $20 million. Net loss applicable to common stockholders of $25.7 million, or $0.05 per basic share. Adjusted net loss applicable to common stockholders of $18.5 million, or $0.04 per basic share.1 Cost of sales and other direct production costs and depreciation [...]
Hecla Mining Company today provided an update on its drilling programs during the first quarter. Highlights There were up to 20 drills operating at 5 mines, all in North America. Casa Berardi: High-grade extensions defined two zones in the upper East and West Mines for potential new underground mining areas. The high-grade 113 Zone may link or intersect the western limit of the 118 Zone to define a significant resource [...]
Hecla Mining Company today announced it expects to release its first quarter 2019 financial results before market open on Thursday, May 9, 2019. A conference call and webcast will be held Thursday, May 9, at 10:00 a.m. Eastern Time to discuss these results. You may join the conference call by dialing toll-free 1-855-760-8158 or for international by dialing 1-720-634-2922. The participant passcode is HECLA. Hecla’s [...]
Hecla Mining Company today announced preliminary silver and gold production results for the first quarter of 2019.1 HIGHLIGHTS Silver production of 2.9 million ounces, and gold production of 60,021 ounces. Silver equivalent production of 10.8 million ounces or gold equivalent production of 129,378 ounces.2 Lead production of 5,785 tons; zinc production of 13,943 tons. Cash, cash equivalents and short-term investments of [...]
Hecla Mining Company today announced it is filing a National Instrument 43-101 Technical Report on the Greens Creek Mine in Alaska and the Casa Berardi Mine in Quebec. REPORT HIGHLIGHTS Greens Creek Reserves are calculated at price assumption of $14.50 per ounce silver. The current Proven and Probable Reserve of 107.1 million silver ounces is the highest since 2008, the year Hecla acquired 100% of the mine. The Life of [...]
The United Steelworkers today said that on Saturday, March 16, 2019, the union will sponsor a rally and march to commemorate two years of solidarity for the members of Local 5114 who went on strike against unfair labor practices at Hecla Mining Company's Lucky Friday mine on March 13, 2017. USW members, retirees and their families, as well as activists and supporters from the labor movement will attend the rally, which [...]
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