The Latest Bad News For Hecla Mining Company (NYSE:HL) Is No Precious Metal Recovery


Dallas, Texas 01/01/2014 (FINANCIALSTRENDS) – The shares of Hecla Mining Company (NYSE:HL) have gained a little 0.6% but there seems to be no respite from the bad news as there is no precious metal recovery in recent times. The president and the CEO of the Hecla Mining Company Mr. Phillips S. Baker will talk to J.P Morgan small mid-cap conference and will discuss about the top reasons to invest in the Hecla Mining Company.

The Hecla Mining Company recently announced its offer to exchange new registered notes for its outstanding unregistered notes and it was in accordance with the terms of its rights agreement with its existing rights holders. As per the exchange offer the Hecla Mining Company is offering to exchange up to $500,000,000 aggregate principal amount of its new senior notes that are due in 2021. The last date of the exchange offer is 4th January, 2014. The settlement will occur immediately after this date as company doesn’t want to lose on precious time.

Overview of Hecla Mining Company (NYSE:HL)

Hecla Mining Company (NYSE:HL) is a leading low cost U.S. silver producer and has operating mines in Alaska and Idaho.  It is also a growing gold producer company with operating mines in Quebec, Canada. The Hecla Mining Company also has pre-development properties and exploration projects in five world class silver and gold mining districts in the U.S., Canada, Mexico as well as an exploration office and early stage investments in silver exploration projects in Canada.

The only saving grace for the company in these turbulent times seems to be consumption increase from China. There are total of 11 trading firms which have maintained a sell rating on this stock and a total of 5 trading firms are still having some hope and have given hold rating on this stock.