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News Breaks | | | | February 19, 2013 | | 08:04 EDT |  | HL | Hecla Mining resumes Lucky Friday mine operations and production
Hecla Mining Company announced that its Lucky Friday mine in Idaho’s Silver Valley has resumed operations and production, and is expected to produce approximately two million ounces of silver in 2013. The Company has recalled all employees necessary for Lucky Friday to reach full production. All employees, both returning and new, have received supplemental safety training, with enhanced procedures for risk assessment and accident prevention designed to improve existing safe work practices. Hecla has spent a total of $29.8 million on the rehabilitation of the Silver Shaft and an additional $26.2 million on other Lucky Friday capital projects unrelated to the shaft renovation. As previously reported in December, the Lucky Friday mine was notified of potential PPOV status by MSHA for citations issued in late 2011 and early 2012, prior to the Silver Shaft rehabilitation and other work done at the mine in the past year. The Company continues to work with MSHA and expects to work through the PPOV process. | |
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| May 10, 2013 | | 08:27 EDT | | HL | Hecla Mining says Aurizon Mines shareholders voted in favor acquisition
On May 9, Aurizon Mines (AZK) shareholders voted in favor of the Hecla (HL) acquisition, the company announced. Hecla said it expects to complete the acquisition of Aurizon during the second quarter upon receipt of Investment Canada regulatory approval. Aurizon's core asset is the Casa Berardi gold mine in Quebec, Canada, with 2013 gold production estimated by Aurizon of 125,000-130,000 ounces. Also, subsequent to the first quarter, Hecla completed a $500M offering of 6.875% Senior Notes due 2021, which will partially fund the acquisition, it said. | | | 08:24 EDT |  | HL | Hecla Mining reports Q1 adjusted EPS 1c, consensus 4c
Reports Q1 revenue $76.5M, consensus $94.78M. Reports Q1 silver production 1.9M ounces at a cash cost of $7.02 per ounce, net of by-products. | | | May 9, 2013 | | 15:27 EDT | | HL | Notable companies reporting before tomorrow's open
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