Hecla mining and its quarter

Hecla Mining (NYSE:HL) just announced its third quarter operating results. All three of the company's mines performed well in the quarter helping to deliver a beat on revenue estimates although earnings missed estimates by $0.02. All three of the companies mines were producing splendidly and led to production of 2.9 million ounces of silver at a cash cost of about $5.43 per ounce. This was a whopping 25% increase year-over-year. Further the company also produced 42,501 ounces of gold around $900 an ounce which was a 15% production increase compared to last year. Revenues came in at $135 million, a 27% year-over-year rise. Net income was $3.5 million, or $0.01 per share, compared to a net loss of $8.6 million, or $0.03 per share for the third quarter last year. After special adjustments, the company saw a loss of a penny. In a sign of strength, the company did not bleed cash quarter-over-quarter as its cash and cash equivalents were unchanged at $222 million. Despite much lower metal prices, this was a...READ MORE