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Stock Market & Financial Investment News

News Breaks
February 19, 2013
08:04 EDTHLHecla 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.
News For HL From The Last 14 Days
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July 16, 2015
08:09 EDTHLHecla Mining sees FY15 silver production 10.5M-11M oz
Raises FY15 silver production view to 10.5M-11.M oz from 10.5M oz. Lucky Friday mine is now expected to produce 2.8 to 3.0 million ounces of silver in 2015, a reduction over the previous estimate of 3.2 million ounces. With expectations for additional recovery improvements, and the planned addition of a high-grade stope in Zone 123 in the fourth quarter, Casa Berardi is expected to meet its 130,000 gold ounce target for the year. As a result of higher grades and recoveries, the company now expects Greens Creek to produce 7.7 to 8.0 million ounces of silver, an increase over the previous expectation of 7.3 million ounces. Minera Hecla, S.A. de C.V., a wholly owned subsidiary of Hecla Mining Company has entered into a lease agreement with Minera William S.A. de C.V., a wholly owned subsidiary of Golden Minerals Company and owner of the Velardeña oxide mill in Durango State, Mexico. Under the terms of the agreement, Hecla has exclusive use of the mill for 18 months, with the potential to increase for up to another 12 months. Located within 100 miles of San Sebastian, the mill was previously used by Hecla to process ore when it mined on the property from 2001 to 2005.
08:07 EDTHLHecla Mining reports Q2 silver production down 2% to 2.48M oz
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July 15, 2015
18:32 EDTHLGolden Minerals enters into lease agreement with Minera Hecla
Golden Minerals Company (AUMN) announced that its wholly-owned subsidiary, Minera William S.A. de C.V., owner of the Velardena Properties in Durango State, Mexico, has entered into a lease agreement with Minera Hecla, S.A. de C.V., a wholly-owned subsidiary of Hecla Mining (HL). Hecla has leased the currently idle Velardena oxide plant for an initial term of 18 months beginning July 1 with potentially two additional six-month extensions beyond the initial 18-month term. Hecla may extend the lease for six months at its option, and then for a subsequent six months unless William elects to use the plant to process material from its own sources. Hecla will make nominal monthly payments to William beginning July 1 until production begins, anticipated to be around January 1, 2016. Once Hecla reaches its intended capacity of approximately 400 tonnes per day, monthly payments to William will be approximately $400,000 per month or nearly $5M annually. Should required licenses and permits not be obtained by March 31, 2016, either party has the right to terminate the agreement. The lease contains typical covenants and termination rights. Hecla is responsible for all costs associated with the start up, operation and maintenance of Plant 2.

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