Hecla Mining Company (NYSE:HL) Trades Flat


Dallas, Texas 12/25/2013 (FINANCIALSTRENDS) – In the trading session on Tuesday there was a rise of 1.45% in Hecla Mining Company (NYSE:HL). The shares opened at $2.75, climbed to an intraday high of $2.81 and closed at $2.80. Close to 2.02M shares were traded on Tuesday and the average volume of 4.54M shares got traded over a period of 30 days. The 52-week low of Hecla Mining Company (NYSE:HL) shares is $2.63 while the 52-week high stands at $6.15. The company has a market capitalization of $959.39 million.

About the company

Hecla Mining Company (NYSE:HL) can into formation on 7 August 2006. The company is involved in the discovery, acquisition and development as well as production and marketing of gold, silver, lead and zinc. Hecla Mining Company (NYSE:HL) operates in 2 different segments: It has the Greens Creek unit and it has the Lucky Friday unit.

The company’s 100%-owned subsidiary is the Hecla Alaska LLC. It produces lead, zinc, and bulk concentrates at the company’s Greens Creek unit & lead and zinc concentrates at the Lucky Friday unit. This is then sold to custom smelters on contracts. The company also produces unrefined gold & silver bullion bars at the Greens Creek, which are then sold directly to the customers or then further refined before they are sold to precious metals traders.

The concentrates that are produced at the Greens Creek & Lucky Friday units have payable silver, lead and zinc and the concentrates that are produced at the Greens Creek contain payable gold too. In the year that ended 31 December 2012, Hecla Mining Company (NYSE:HL) produced 6,394,235 ounces- silver, 55,496 ounces-gold, 21,074 ton- lead and 64,249 tons-Zinc. Effective 26 February 2013, Hecla Mining Company (NYSE:HL) via its 100%- owned subsidiary, bought 24.73% interest in Brixton Metals Corp. In 2013 June, it announced that the acquisition of Aurizon Mines Ltd has been completed.