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You are at:»»Hecla Mining Company (NYSE:HL) Reports Q2 Silver Production Rose 14%, Gold Production Up 96%

Hecla Mining Company (NYSE:HL) Reports Q2 Silver Production Rose 14%, Gold Production Up 96%

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By on Financial

Hecla Mining Company (NYSE:HL) said Q2 silver production rose 14% from the same period a year ago, while gold production doubled after the acquisition of Aurizon Mines in June last year. Still, its shares were down 2.6% in recent Monday trading at $3.36, in a 52-week range of $2.63 to $3.98.

Silver production was 2.5 million ounces, up from 2.2 million ounces a year earlier, while gold was 43,555 ounces in Q2 2014, up from 22,226 gold ounces in the prior-year period. The company expects to report full Q2 results on July 31.

“During the second quarter production grew for all our metals over the prior year period, as we realized the benefits of the Casa Berardi acquisition and a fully operational Lucky Friday,” said CEO Phillips S. Baker Jr. “The amount of zinc and lead we produce as a by-product differentiates Hecla from its peers, and significantly improves the economics of our business, particularly in a time of rising metals prices like we recently experienced.”

Hecla is a low-cost U.S. silver producer with operating mines in Alaska and Idaho, and has an operating gold mine in Quebec, Canada. The company also has exploration and predevelopment properties in five silver and gold mining districts in the U.S., Canada, and Mexico, and an exploration office and investments in early-stage silver exploration projects in Canada.

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