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Stock Market & Financial Investment News

News Breaks
November 19, 2012
10:02 EDTHLHecla Mining acquires interest in Canamex Resources
Hecla Mining announced that a wholly owned Canadian subsidiary of Hecla has entered into a subscription agreement to acquire 14M common shares of Canamex Resources, a Canadian-based resource exploration company currently focused on the exploration of two gold properties, the Bruner gold project located in Nye County, Nevada and the Aranka North gold project located in Guyana. Subject to receipt of approval by the TSX Venture Exchange, the common shares will be issued to the wholly owned subsidiary of Hecla from treasury at a price of C$0.18 per common share for total gross proceeds to Canamex of $2,520,000. Upon completion of the transactions contemplated by the subscription agreement, the 14M common shares will represent and Hecla will exercise control over approximately 15% of the outstanding common shares of Canamex. In addition, Hecla will have the right to appoint one representative to the Board of Directors of Canamex and will be providing technical assistance to Canamex. Hecla will also have the right to participate in future equity offerings of Canamex in order to maintain Hecla's pro-rata equity interest in Canamex.
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February 18, 2015
08:09 EDTHLHecla Mining reports Q4 EPS 5c, consensus 0c
Reports Q4 revenue $121.99M, consensus $126.37M. Greens Creek production of 2.5 million and 7.8 million ounces of silver in the fourth quarter and full year 2014 increased 34% and 5% over the same periods of 2013, as the mine performed at the high end of its expected production range. Lucky Friday silver production of 745,766 and 3,239,151 ounces for the fourth quarter and full year 2014 increased 16% and 122% over the same periods of 2013, as the mine benefited from 12 months of full production. Casa Berardi gold production of 39,385 and 128,244 ounces for the fourth quarter and full year 2014 represents 22% and 105% increases over production achieved under Hecla’s ownership in the 2013 periods as Hecla benefited from a full year of ownership of the mine.
February 17, 2015
15:32 EDTHLNotable companies reporting before tomorrow's open
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