Fermer X Les cookies sont necessaires au bon fonctionnement de 24hGold.com. En poursuivant votre navigation sur notre site, vous acceptez leur utilisation.
Pour en savoir plus sur les cookies...
AnglaisFrancais
Cours Or & Argent en

Hecla Mining Company

Publié le 04 novembre 2015

Edited Transcript of HL earnings conference call or presentation 4-Nov-15 3:00pm GMT

( 0 vote, 0/5 ) Imprimer l'article
  Article Commentaires Commenter Notation Suivre la société  
0
envoyer
0
commenter
Mots clés associés :   Canada | Cœur D'alene | Dollar | Zinc |

Edited Transcript of HL earnings conference call or presentation 4-Nov-15 3:00pm GMT

COEUR D'ALENE Nov 4, 2015 (Thomson StreetEvents) -- Edited Transcript of Hecla Mining Co earnings conference call or presentation Wednesday, November 4, 2015 at 3:00:00pm GMT

TEXT version of Transcript

================================================================================

Corporate Participants

================================================================================

* Mike Westerlund

Hecla Mining Company - VP of IR

* Phil Baker

Hecla Mining Company - President and CEO

* Jim Sabala

Hecla Mining Company - SVP, CFO

* Larry Radford

Hecla Mining Company - SVP, Operations

* Dean McDonald

Hecla Mining Company - SVP, Exploration

================================================================================

Conference Call Participants

================================================================================

* John Bridges

JPMorgan - Analyst

* Anthony Sorrentino

Sorrentino Metals - Analyst

* Garrett Nelson

BB&T Capital Markets - Analyst

* Trevor Turnbull

Scotiabank - Analyst

* Mark Mihaljevic

RBC Capital Markets - Analyst

* Tyler Gately

Wells Fargo Securities - Analyst

================================================================================

Presentation

--------------------------------------------------------------------------------

Operator [1]

--------------------------------------------------------------------------------

Good day, ladies and gentlemen, and welcome to the Hecla Mining Company Q3 2015 earnings conference call. (Operator Instructions) As a reminder, this call is being recorded. I would now like to turn the call over to Mike Westerlund. You may begin.

--------------------------------------------------------------------------------

Mike Westerlund, Hecla Mining Company - VP of IR [2]

--------------------------------------------------------------------------------

Thank you, operator. This is Mike Westerlund, Hecla's Vice President of Investor Relations. Welcome, everyone, and thank you for joining us for Hecla's third-quarter 2015 financial and operations results conference call.

Our financial results news release that was issued this morning before market open, along with today's presentation, are available on Hecla's website. On today's call we have Phil Baker, Hecla's President and CEO; Jim Sabala, Senior Vice President and Chief Financial Officer; Larry Radford, Senior Vice President, Operations; and Dean McDonald, Senior Vice President, Exploration.

Any forward-looking statements made today by management team come under the Private Securities Litigation Reform Act and constitute forward-looking information under Canadian securities law, as shown on side two. Such statements include projections and goals which involve risks detailed in our Form 10-K, Form 10-Q, and in the forward-looking disclaimer included in the earnings release and at the beginning of the presentation. These risks could cause results to differ from those projected in the forward-looking statements.

In addition, in our filings with the SEC, we are only allowed to disclose mineral reserves which are ore deposits that we can economically and legally extract or produce. Investors are cautioned about our use of terms such as measured, indicated, and inferred resources, which are not reserves; and we urge you to consider the disclosures that we make in our SEC filings. With that, I will pass the call to Phil Baker.

--------------------------------------------------------------------------------

Phil Baker, Hecla Mining Company - President and CEO [3]

--------------------------------------------------------------------------------

Thanks, Mike. Good morning, everyone, and I will start on slide 3. The third quarter generally met our expectations. Greens Creek continues to have strong production, while production at Casa Berardi and Lucky Friday were similar to the second quarter. We saw the impact of operating in a lower price environment on our financial results, including having higher cash costs after byproduct credits. But despite this, we have $174 million in cash on the balance sheet.

At $7.52 per silver ounce, the cash cost after byproduct credits are higher than we have had since I've been at Hecla. We believe it's unique to this quarter, caused principally by lower byproduct metal prices as well as lower-than-normal production at the Lucky Friday.

It really is a testament to the strength of our operations that our highest cash cost quarter is the lowest for many other companies. With Lucky Friday at full production, I am confident costs will decline.

We have spent the balance sheet down a bit this quarter as part of our commitment to continuing our investment in capital and exploration programs to support growth, longer mine lives, and more consistent operations. We see value in spending this money, and it is in part due to these investments that we are looking forward to a stronger fourth quarter in 2016.

So why the optimism? Well, the new ventilation fans at the Lucky Friday are installed in a new drift and are operating, allowing us to get back to the higher-grade 16 stope, which is expected to increase production and reduce cash costs net of byproduct credits in the fourth quarter. Larry is going to show you a picture of the 16 stope in a couple of minutes, giving us our first glimpse of the high-grade material, which is pure galena, that is the target of the deeper Lucky Friday.

Casa Berardi is also accessing higher grade material this quarter, including the 123 Zone which we recently discovered, reinforcing our belief that Casa will have a strong fourth quarter of gold production. Greens Creek continues to perform strongly. The increases in recovery are continuing as expected, and we are making great progress at San Sebastian and expect to be mining ore by the end of the year.

So we expect strong performance from each of our mines in the fourth quarter, but I want to focus on two of them: Casa Berardi and San Sebastian, their implications for 2016. First, Casa Berardi. The fact that we have made discoveries of new high-grade material is not a surprise to us. One of the key reasons we acquired the project was its exploration potential, and we are starting to realize that potential with these discoveries.

There remains plenty of underexplored ground around the mine. I think if you look closely at the numerous areas of good widths and very high-grade that will show up in Dean's presentation, you are going to agree with me as to the potential that we are now starting to realize at Casa.

We also expect our drilling efforts this year will continue to expand reserves and resources. At Casa, we are considering how to bring the first of the surface pits into operation in order to increase our flexibility in relying on the underground ore and more fully utilize the mill. This work is ongoing, and we are encouraged by the potential for these pits to be brought in quicker and with significantly less capital than originally expected. We will have more to say about this early next year, when we announce our plans.

Now, going to slide 4, at San Sebastian we are working to bring this mine into production quickly. We recently completed a PEA, and on October 30, we filed the technical report in Canada. And a summary of it is shown on this slide.

At prices close to today's, the project should generate $43 million of free cash flow over 18 months from 8 million ounces silver equivalent, requiring roughly $6 million in capital, for an internal rate of return of about 400%. We see this as the right project for right now. We believe the combination of these strong potential economics, our previous experience mining on the property, and the small pit size in proximity to the surface makes mining this high-grade material a low-risk proposition. And we are pushing forward full speed ahead.

As I mentioned earlier, we are in the midst of our planning for 2016. To date we have kept our powder dry on measures other companies have taken -- measures that I generally characterize as reducing expenses that will need to be made up in the future. But if pricing conditions worsen, we can still pull these levers.

On slide 5 we look at our expectations for the year. On October 20, we announced that we have increased our estimate for Greens Creek's gold production to 59,000 and decreased our estimate for Casa Berardi to 126,000, keeping our overall gold production estimate at 185,000 ounces for the year. In addition, we expect to be at the higher end of our 10.5 million ounce to 11 million ounce estimate for silver. Now I will turn the call over to Jim for the third-quarter financial review.

--------------------------------------------------------------------------------

Jim Sabala, Hecla Mining Company - SVP, CFO [4]

--------------------------------------------------------------------------------

Thank you, Phil. The third quarter of 2015 was as we expected. We continued to achieve consistent results with estimates earlier in the year, despite lower metals prices. So let's start with production.

On slide 7 you can see our silver production decreased 10% to 2.6 million ounces, due entirely to the temporarily reduced production at the Lucky Friday mine, which was partially offset by increased Greens Creek production. Our gold production also increased 3% to almost 44,000 ounces, primarily as a result of higher recoveries at Greens Creek. While in typical quarters we say production drives the financial metrics, in the third quarter they were driven by the weakness in metals prices, with average realized prices for silver, gold, lead, and zinc down 22%, 12%, 24%, and 22%, respectively, compared to the third quarter of last year.

On slide 7 we summarize the key financial statistics for the third quarter of 2015 compared to last year's comparable quarter. You can see the impact of the lower prices on revenue, down 23% to $105 million; and on cash costs after byproduct credits per silver ounce, which increased to $7.52, primarily as a result of lower lead and zinc prices and higher costs associated with the lower throughput at Lucky Friday -- the result of the Q3 ventilation issue that has now been fully corrected.

Our cash costs after byproduct credits per gold ounce of $793 is a reduction of 12% over Q3 2014, principally due to the weaker Canadian dollar versus the US dollar. Operating cash flow increased $25 million due to the fact that in 2014 we had the final payout of the basin settlement that was not repeated this year, as that matter was permanently put behind us.

In spite of lower prices on slide 8 and the resulting high cash costs, which remain at the lower end of the spectrum for our industry, we continue to report excellent margins. As shown on slide 8, silver operations delivered a cash margin in the third quarter of 48% of sales or $7.02.

And as shown on slide 9, Hecla continues to offer the best -- the investor a truly diversified revenue stream, with 42% of our revenue from gold, 29% from silver, 19% from zinc, and 11% from lead. We also have diversification among three distinct mines, with 52% of our revenue now coming from Greens Creek, 13% from Lucky Friday, and 35% from Casa. The chart is a bit skewed this quarter due to the lower production at Lucky Friday. And Larry will talk about how it is going to get back to normal operations in just a moment.

With the write-down in prices this quarter, we have opted to optimize substantially all of our base metal forecasted contracts. This is a continuation of our strategy from the second quarter, adding an additional $4.4 million of cash for the quarter, bring us to $16.5 million year-to-date in additional cash from where we based metals contract settlements. When we see the base metal prices rise, we expect to be putting on forward contracts again. We continue to use contracts to predict revenue from the time of shipment to settlement, also known as provisional sales, for all of our metals.

Finally, on slide 10, we show our liquidity trend. We have $174 million in cash and equivalents; consequently, we have over $270 million in total liquidity available to the Company.

On a personal note, I have decided I will retire at the annual shareholder meeting in May 2016. I started my working career at the Lucky Friday mine in 1972, and it's only fitting that I retire with the same Company. I take comfort knowing that I am leaving a Hecla that is stronger than when I joined.

I enjoy the work and, more importantly, the people of Hecla. But the time comes in all our careers to turn over the reins to the next generation of managers, and that time has come for me. I will surely miss it.

And with that, I will turn the call over to Larry for a review of operations. Larry?

--------------------------------------------------------------------------------

Larry Radford, Hecla Mining Company - SVP, Operations [5]

--------------------------------------------------------------------------------

Thanks, Jim. On the operating side, Lucky Friday's production was light, and per-ounce cash costs after byproduct credits were higher (technical difficulty) of the ventilation booster fans. So when we came up with the plan to resolve this issue, we not only replaced the fans, as you can see on slide 12, with more robust units; we installed them in parallel rather than in series, as they were before, which means we shouldn't have the risk that one fan will affect the other. And if we need to do maintenance on one of the units, the other can continue to operate as normal.

The new fans have been running since October 1. That is now behind us, and we are moving into the high-grade stope and expect our silver production to jump up in the fourth quarter.

Regarding the #4 shaft project on slide 13, on September 30 we were at the 8,244 level. We have made the decision to take the final depth to 8,600 feet rather than the 8,800 feet previously planned. With this depth, we meet our goal of having access to the bottom of the existing resource at 8,300 and the ability to explore and mine below this established resource. The shaft is more than 89% complete. We are on track for completion of this $225 million budgeted project in 2016.

On slide 14 you can see a photo of the mining face in the 16 stope. Taken at the 6,300 level, this photo shows the high-grade that has been the justification for the #4 shaft and deepening the mine. We are just entering the high-grade area. The cut is 10 feet tall, and the width is about nine feet. And it ran for about 35 to 40 feet at this level. The grade at this face is 97 ounces per ton silver and 47% lead. Everything you see outlined in red is the mining face, and it is all galena.

This is with the future of Lucky Friday looks like, and this is why we are investing in the #4 shaft project. On slide 15 is a graphic showing increasing net smelter revenue times thickness. The green oval shows darker shades of green, which is the richest part of the orebody, and at its maximum is about 500 feet long.

The small red star at the top of the oval shows where we are currently mining in the 16 stope and how it is just touching the upper limit of the higher grade material. We expect this silver grade will increase about 0.5 ounce per ton each year for a number of years as we move deeper. Not every face looks like this one I just showed you, but it is encouraging to see the 30 vein transitioning into higher grades.

Moving on to Greens Creek on slide 16, you can see it had another consistent quarter, producing 2 million ounces at a cash cost after byproduct credits per silver ounce of $4.82. The increase in silver ounces produced is mainly due to higher recoveries that have resulted from changes we have made in the plant. Construction of the planned expansion of the Greens Creek tailings facility continues to progress.

On slide 17, you can see that Casa Berardi produced 29,259 ounces of gold in the third quarter at a cash cost after byproduct credits of $793 per gold ounce. We expect stronger production, particularly in the fourth quarter and into 2016, with the planned addition of higher-grade stopes. Dean will talk more about the exploration successes we are having, and I can tell you from an operations perspective, we are very excited.

Slide 18 has a graph representation of the design of a couple of these high-grade stopes in the 123 Zone. For example, on the top left, you can see 1,700 tonnes at 20 grams per tonne. And then on the bottom right, there is 3,500 tonnes at 16 grams per tonne. As you can see, they are fairly small, but they provide a nice injection of high-grade ounces into our mining plan.

Phil mentioned that we are taking a hard look at the surface pits at Casa. We recently received our permit to operate the pit. We are looking at how to bring the pits into production in this low price environment, and the results are encouraging. But it is premature to go into details until we have a plan is approved by our Board.

Our San Sebastian property is advancing rapidly towards producing ore by year-end. On slide 19 is a photo of the stripping, which has begun on the Middle Vein and East Francine Vein pits. The photos are from about a week ago, and we now have exposed the Middle Vein. We have recently completed a Preliminary Economic Assessment, and last week the technical report was filed with Canadian regulators. As Phil mentioned earlier, the PEA demonstrates the strong financial opportunity we have at this project.

The mill refurbishing and hiring of mill employees is proceeding as expected, and we do not see any roadblocks to producing ore this quarter. I will turn the call over to Dean for exploration and (technical difficulty) developments.

--------------------------------------------------------------------------------

Dean McDonald, Hecla Mining Company - SVP, Exploration [6]

--------------------------------------------------------------------------------

Thanks, Larry. During the quarter we had active exploration and drill programs at Greens Creek, Casa Berardi, and San Sebastian. All three locations continue to show strong results that should translate into new high-grade reserves and resources in the future. A series of tables are provided at the end of the Q3 press release that shows impressive intersections at each of the sites.

At Casa Berardi, we have up to seven drills operating underground and on surface in key areas, as shown in the longitudinal section on slide 21. Strong drilling results of upgraded resources in the core 118, 123, and 124 Zones, and identified new mineralization in the 117, 123, 124, and Lower-Inter Zones in the West mine on the left side of the image. And in the East mine, the 157 Zone on the right side. The continued strong drilling results during 2015 have confirmed our expectation of the great exploration potential at Casa Berardi.

A detailed asymmetric view in slide 22 of the West mine shows the location of selected drill intersections in the quarter. From near surface at the 124 Zone along the down-plunge trend to the deeper 118 and 123 Zones, you can see that significant portions of the resources are being upgraded or added with intersections of over 0.5 ounce gold with good mining widths. These stacked lenses defined an almost constant down-plunge mineralization for 5,000 vertical feet, and many lenses within each of these zones are open along strike and open at depth.

The detailed isometric view in slide 23 of the West mine shows the location of drill intersections in exploration target areas. Recent drilling of the Lower-Inter Zone defined two high-grade gold veins east of the Southwest Zone that may link with the 109 and 113 Zones. Deeper drilling of the 100 Zone on the left side of the slide has defined broad mineralized zones that encompass some high-grade chutes that can be traced for 50 feet vertically.

--------------------------------------------------------------------------------

Unidentified Company Representative [7]

--------------------------------------------------------------------------------

500 feet.

--------------------------------------------------------------------------------

Dean McDonald, Hecla Mining Company - SVP, Exploration [8]

--------------------------------------------------------------------------------

500 feet vertically. Exploration drilling on the 117 Zone, shown near the bottom of the slide, has outlined two distinct gold-bearing zones on either side of the Casa Berardi fault that are open in all directions. After an almost 15-year hiatus, the first drilling from surface of the East mine on the 157 Zone, on the right side of the image, intersected some high-grade gold intervals in a couple of veins. This drilling is the start of a reevaluation and exploration program of the East mine that historically had some very high-grade gold production. The recent successes in both surface and underground drilling should allow us to expand the reserves and resources, with increases in overall grade. The identification of significant new resource trends could prolong gold production for many years.

Moving on to the very exciting San Sebastian project, slide 24 shows the longitudinal sections of the three most prominent veins in the PEA study: the East Francine, Middle, and North Veins at comparable scale. What is immediately apparent in the top right of the image is the small size of the East Francine resource relative to the others. But its significance is it packs a big punch as the grades of this small pit could exceed 100 ounces silver equivalent per ton during production. It is also important to note how small the pits are compared to the overall resource. The key takeaway is that there's a lot of material left for potential future mining.

While the PEA study was advancing, we continued with aggressive infill and exploration drill programs, confirming the continuity of these higher-grade veins and upgrading the confidence in near surface resources to measured and indicated categories. These near-surface resources in all of the veins are all oxide- or supergene-enriched and cyanide soluble.

Infill drilling of the Middle and North veins have defined additional near-surface, high-grade silver and gold resources that are wider and of comparable or better grade to the resources that are the basis of the PEA study. At the Middle Vein, a deeper high-grade resource was infill drilled, and this could potentially be mined from underground in the future. Successful exploration has identified new resources in all three veins, as shown in the longitudinal, since the last resource estimate in the first quarter.

Based on these drilling results, revised resource models are in progress for each vein. And these new resource models are expected to be the basis of new open-pit designs and mine schedules before the end of the year.

Slide 25 shows the planned view of the veins at San Sebastian project in red and location of the proposed open pits in yellow. Exploration drilling in the past two quarters has extended resources along strike and at depth. More recent drilling has identified a Western extension to the North Vein and a possible extension of the East Francine vein to the east, past a series of faults.

A new vein that may be parallel to the East Francine has also been identified to the south in this area. Our active exploration program continues with the goal of further increasing the resources and extending the mine life.

Finally, at Greens Creek we continue to drill high-grade intersections that should add resources along the lower Northwest West, West Wall, and Deep 200 South Zones, as shown in slide 26. Exploration drilling has identified new high-grade mineralization at the Northwest West, 9A, and Upper Southwest Zones. Continued definition and exploration drilling in these areas should boost reserves and resources along the red arrow trend shown in the diagram and continue to extend mine life.

And with that, I will pass the call back to Phil.

--------------------------------------------------------------------------------

Phil Baker, Hecla Mining Company - President and CEO [9]

--------------------------------------------------------------------------------

Thanks, Dean. Overall, the third quarter was as expected. And we see the fourth quarter as being even better. As Jim mentioned, he will be retiring. I want to thank Jim for the strong contribution that he has made to Hecla as a leader, a mentor, a friend, and my partner. And together, Jim and all of the management team and the board, I think, has transformed Hecla into a stronger Company, positioned to grow and to prosper in the future. And that's really Jim's legacy with Hecla.

So with that, operator, I'd be happy to open the line for questions.

================================================================================

Questions and Answers

--------------------------------------------------------------------------------

Operator [1]

--------------------------------------------------------------------------------

(Operator Instructions) John Bridges, JPMorgan.

--------------------------------------------------------------------------------

John Bridges, JPMorgan - Analyst [2]

--------------------------------------------------------------------------------

I'd like to add my congratulations to you, Jim. Thanks for your humor; thanks for your grace under fire. And you will definitely be missed.

--------------------------------------------------------------------------------

Jim Sabala, Hecla Mining Company - SVP, CFO [3]

--------------------------------------------------------------------------------

Thank you, John.

--------------------------------------------------------------------------------

John Bridges, JPMorgan - Analyst [4]

--------------------------------------------------------------------------------

You're welcome. Just wondering on -- congratulations also on San Sebastian. That is nice news. I was just looking at this stuff, and I just wonder how you control -- do ore control on that stuff? It all looks the same.

--------------------------------------------------------------------------------

Larry Radford, Hecla Mining Company - SVP, Operations [5]

--------------------------------------------------------------------------------

It's actually -- do you mind if I --?

--------------------------------------------------------------------------------

Phil Baker, Hecla Mining Company - President and CEO [6]

--------------------------------------------------------------------------------

Yes, yes. Go ahead. Sorry.

--------------------------------------------------------------------------------

Larry Radford, Hecla Mining Company - SVP, Operations [7]

--------------------------------------------------------------------------------

The vein is actually distinct from the wall rock. We have actually exposed it in the Middle Vein. And it is very distinct. But it is going to be a challenge to do ore control. Obviously, we're mining a narrow vein in an open pit. So we'll have to be very selective. And we are talking about a very high-grade vein, as well.

What we are going to do is we will start off with reverse circulation drilling to better define the vein; and then as we expose the vein, we will do very detailed channel sampling. So we will only do this on dayshift, and we will have very tight control. We will ship the ore to five stockpiles, where it will sit and be sampled again before we ship it to the mill.

--------------------------------------------------------------------------------

Phil Baker, Hecla Mining Company - President and CEO [8]

--------------------------------------------------------------------------------

Yes. As Larry has described it internally, we are basically underground mining from surface.

--------------------------------------------------------------------------------

John Bridges, JPMorgan - Analyst [9]

--------------------------------------------------------------------------------

That sounds fun. And then, of course, you've done it all before. So that's great.

Just coming back to the ventilation issue, maybe it's Monday-morning quarterbacking, but you had the outage -- long outage -- a year or so ago. Was ventilation something that you could have spent a lot of time working on during that period? Or was this just a bolt from the blue that you had the problem with the fan?

--------------------------------------------------------------------------------

Phil Baker, Hecla Mining Company - President and CEO [10]

--------------------------------------------------------------------------------

(laughter) That is Monday-morning quarterbacking. You know, I guess I would say a few things, and then Larry can jump in. I mean, if you go back in time to when we had the mine shutdown, we didn't have access in lots of places for a long time. And then we did have the access, our focus was on bolting and ground control.

We did not recognize that there was a particular issue with these fans. And so we were surprised when we had the issue. But -- and then when we brought in the experts to give us advice on how to move forward, we took the long path, which was to develop a larger drift to be able to fit these things in in parallel rather than the narrow sort of configuration that the existing ventilation had. So --.

--------------------------------------------------------------------------------

Larry Radford, Hecla Mining Company - SVP, Operations [11]

--------------------------------------------------------------------------------

Yes. Another factor was that as we restarted the mine and as we go deeper, we have been ramping up our cooling system. So it's a bulk air cooling system, and the -- basically the fundamental premise is to send the heat up our exhaust ramp. And what that resulted in as we ramped up the system is water droplets going through the system and through our fans, and it threw our fans off-balance. So it was kind of an unintended consequence of cooling the mine better with the new system.

That said, I mean, Lucky Friday, as you say, since we've gone down we have been rebuilding it ever since. Part of the lower production in the quarter was due to basically putting new gearing into the silver shaft hoist. That was a part of it as well.

And we've been rebuilding Lucky Friday for three years. We have rebuilt the shaft, the hoist, the electrical systems; we have rehabbed 12 miles of tunnel and put in 50,000 bolts. We certainly have gone down a path of rebuilding Lucky Friday, and this was another leg of it.

--------------------------------------------------------------------------------

John Bridges, JPMorgan - Analyst [12]

--------------------------------------------------------------------------------

That's great. Look forward to the results when you get more stopes on that high-grade. I'll get out of the way, but congratulations. Well done. And best of luck, Jim.

--------------------------------------------------------------------------------

Operator [13]

--------------------------------------------------------------------------------

Anthony Sorrentino, Sorrentino Metals.

--------------------------------------------------------------------------------

Anthony Sorrentino, Sorrentino Metals - Analyst [14]

--------------------------------------------------------------------------------

Good morning, everyone. Are the new discoveries at San Sebastian likely to increase its life, or increase its production per year, or both?

--------------------------------------------------------------------------------

Phil Baker, Hecla Mining Company - President and CEO [15]

--------------------------------------------------------------------------------

You know, if it does anything, it's probably the extension of mine life. It's still too early to say what sort of increase it will be. It's probably quite small at this point, but we are encouraged. Dean, anything to add?

--------------------------------------------------------------------------------

Dean McDonald, Hecla Mining Company - SVP, Exploration [16]

--------------------------------------------------------------------------------

No. Outside of the fact, Anthony, that we continue to find things near surface. And so it may come a point where we are just adding on additional pits, which allows us some flexibility. I think the other component is that we are finding very high-grade material further at depth. And in time, I would expect it to become at least partly an underground mine.

--------------------------------------------------------------------------------

Phil Baker, Hecla Mining Company - President and CEO [17]

--------------------------------------------------------------------------------

Yes, I think that's fair.

--------------------------------------------------------------------------------

Anthony Sorrentino, Sorrentino Metals - Analyst [18]

--------------------------------------------------------------------------------

Okay. Thank you and best of luck, Jim, on your retirement.

--------------------------------------------------------------------------------

Jim Sabala, Hecla Mining Company - SVP, CFO [19]

--------------------------------------------------------------------------------

Thank you.

--------------------------------------------------------------------------------

Operator [20]

--------------------------------------------------------------------------------

Garrett Nelson, BB&T Capital.

--------------------------------------------------------------------------------

Garrett Nelson, BB&T Capital Markets - Analyst [21]

--------------------------------------------------------------------------------

On the Lucky Friday #4 shaft project, can you talk about the impact of the decision to reduce the final shaft depth from 8,800 to 8,600 feet? It doesn't look like you're expecting that to change the project's total CapEx at all. But will it have any impact on the expected production or cash costs of the mine following the completion of that project?

--------------------------------------------------------------------------------

Phil Baker, Hecla Mining Company - President and CEO [22]

--------------------------------------------------------------------------------

No, it will have no impact on any of the economics of the project. Everything done really below about 7,800 was just positioning the mine for further development deeper and creating a platform for doing exploration quite deep out away from the mine. So it was optional, if you will, to go as deep as we had planned to go. And we just decided in this price environment that it makes sense to shorten it slightly.

We are going to end -- put the level below where the current resource is, so we will be able to use it to mine efficiently the deepest part of the mine. And we will still be able to reach deeper should we see that the orebody continues, which is what we expect.

--------------------------------------------------------------------------------

Garrett Nelson, BB&T Capital Markets - Analyst [23]

--------------------------------------------------------------------------------

Okay. And I realize you are probably in the budgeting process right now, but can we assume that Hecla's 2016 CapEx will be a little lower than the $150 million you are expecting to spend this year with #4 Shaft spending winding down here?

--------------------------------------------------------------------------------

Phil Baker, Hecla Mining Company - President and CEO [24]

--------------------------------------------------------------------------------

Well, #4 Shaft will continue through the end of the year. And we have not completed our budgeting process, and we will be very mindful of what we see the prices to be. So I can't say at this point whether it will decline substantially from where we are now. I don't think it will increase, though. I think I can -- it's fair to say that.

--------------------------------------------------------------------------------

Garrett Nelson, BB&T Capital Markets - Analyst [25]

--------------------------------------------------------------------------------

Okay. That's all I have. Thanks a lot. And, Jim, congratulations on your retirement.

--------------------------------------------------------------------------------

Jim Sabala, Hecla Mining Company - SVP, CFO [26]

--------------------------------------------------------------------------------

Thank you.

--------------------------------------------------------------------------------

Operator [27]

--------------------------------------------------------------------------------

Trevor Turnbull, Scotiabank.

--------------------------------------------------------------------------------

Trevor Turnbull, Scotiabank - Analyst [28]

--------------------------------------------------------------------------------

Just to follow up a little bit on the shaft question, so you wouldn't be able to see any CapEx changes relative to the original budget, despite the fact it's going to be a bit shorter than originally planned?

--------------------------------------------------------------------------------

Phil Baker, Hecla Mining Company - President and CEO [29]

--------------------------------------------------------------------------------

You know, the impact, Trevor, will be minimal. We are talking about 200 feet of excavation. So I'm not anticipating -- you know, there's maybe a little bit of savings, but it's pretty small. Probably less than $5 million sort of savings from that. So don't count on anything major.

--------------------------------------------------------------------------------

Trevor Turnbull, Scotiabank - Analyst [30]

--------------------------------------------------------------------------------

Okay. And there's no major change to the -- you don't have to reconfigure the engineering significantly to do any of that?

--------------------------------------------------------------------------------

Dean McDonald, Hecla Mining Company - SVP, Exploration [31]

--------------------------------------------------------------------------------

No. We just moved the level up from 85 to 83.

--------------------------------------------------------------------------------

Trevor Turnbull, Scotiabank - Analyst [32]

--------------------------------------------------------------------------------

Yes. And then with respect to the number 16 stope that you were showing, where you're just starting to get into this really deeper material and some of the very high-grade, when would we start to see kind of a meaningful contribution from those higher grades? It looks like you have some of it faced up now, but is that going to start to actually creep into the head grade? And are we going to start to see a positive impact as early as next year?

--------------------------------------------------------------------------------

Larry Radford, Hecla Mining Company - SVP, Operations [33]

--------------------------------------------------------------------------------

Slightly. I mean, we are indicating on average about 0.5 ounce increase in the grade per year for the next three or four years. The grade will go up more later than at the earliest time, because you will just have more of that 500 feet or so of high-grade mineralization that you will be able to access as we go deeper. So it will build up, but we will get to where we will be in it on a regular basis and over, what, three years, four years from now.

--------------------------------------------------------------------------------

Trevor Turnbull, Scotiabank - Analyst [34]

--------------------------------------------------------------------------------

Okay. And then I had a quick question for Dean with respect to San Sebastian. I was just looking at the slide -- I think it's slide number 25 -- and you show how the veins have been well defined -- I think I'm looking -- yes, to the west. It looks like it goes through a bit of a structural corridor where you've got those blue lines, and then there's been very little drilling off -- kind of to the east, where you've now got that East Francine extension. Is there anything to note about how the genealogy or the mineralization in the grades change, kind of moving from the Western area to that middle structural zone and then off to the east?

--------------------------------------------------------------------------------

Larry Radford, Hecla Mining Company - SVP, Operations [35]

--------------------------------------------------------------------------------

Trevor, as you head into those fault structures, primarily what happens is the orientation of the vein appears to be rotated. You do seem to get a bit more supergene enrichment in those faulted areas, but I can't say we have enough information to characterize it that way. The intersections to the east -- you know, what we are calling East Francine extension -- those are oxide mineralization. At this point we haven't seen that high-grade supergene enrichment.

But I would say what's characteristic of all these veins is how similar they are. You know, they virtually look the same. And it's really that supergene enrichment near surface that seems to enhance everything. And you see that particularly in the East Francine.

--------------------------------------------------------------------------------

Trevor Turnbull, Scotiabank - Analyst [36]

--------------------------------------------------------------------------------

East Francine in the fault zone there?

--------------------------------------------------------------------------------

Larry Radford, Hecla Mining Company - SVP, Operations [37]

--------------------------------------------------------------------------------

That's right, yes. But remember, we had produced in the main East Francine vein 10 years ago, and certainly near those faulted areas we saw very similar type of supergene-enriched ore.

--------------------------------------------------------------------------------

Phil Baker, Hecla Mining Company - President and CEO [38]

--------------------------------------------------------------------------------

And then with the East Francine extension, as you are going to the east, it seems to have been down -- it seems to be deeper? Is that --?

--------------------------------------------------------------------------------

Dean McDonald, Hecla Mining Company - SVP, Exploration [39]

--------------------------------------------------------------------------------

Well, what's happened with each of these faults is that it's been down dropped, but it's also been rotated, the vein has. So the vein seems to be shallower as you go East with these different fault blocks.

--------------------------------------------------------------------------------

Larry Radford, Hecla Mining Company - SVP, Operations [40]

--------------------------------------------------------------------------------

Okay. So just the opposite of what I said. Okay.

--------------------------------------------------------------------------------

Trevor Turnbull, Scotiabank - Analyst [41]

--------------------------------------------------------------------------------

So the veins are actually getting a bit shallower to the east, but you are not seeing as much supergene, just because it maybe hasn't been as structurally diced up over that direction?

--------------------------------------------------------------------------------

Larry Radford, Hecla Mining Company - SVP, Operations [42]

--------------------------------------------------------------------------------

That's certainly one interpretation, Trevor. The other part of this is that we don't have a lot of drilling yet in that area. And as you recall, it took us a while to find East Francine. So give us some time. I am confident that we are going to see some higher grade in that -- you know, what we are calling the East Francine extension.

--------------------------------------------------------------------------------

Trevor Turnbull, Scotiabank - Analyst [43]

--------------------------------------------------------------------------------

And I take it that you Have got lots of room in terms of land position, if you can chase this thing to the east, there's no constraints in terms of your property line?

--------------------------------------------------------------------------------

Larry Radford, Hecla Mining Company - SVP, Operations [44]

--------------------------------------------------------------------------------

Yes, so if you look at the upper left-hand corner of that slide 25, you can see where the --.

--------------------------------------------------------------------------------

Trevor Turnbull, Scotiabank - Analyst [45]

--------------------------------------------------------------------------------

Oh, yes, I see that. Okay. Great. That's all I had. Thanks, guys.

--------------------------------------------------------------------------------

Operator [46]

--------------------------------------------------------------------------------

Mark Mihaljevic, RBC Capital.

--------------------------------------------------------------------------------

Mark Mihaljevic, RBC Capital Markets - Analyst [47]

--------------------------------------------------------------------------------

Congrats, Jim. So, again, obviously still a little early in the planning stages, but -- and I know you guys have been basically the most conservative out there, but wondering if you had a sense of where you want to go in terms of reserve gold and silver prices for the new year?

--------------------------------------------------------------------------------

Phil Baker, Hecla Mining Company - President and CEO [48]

--------------------------------------------------------------------------------

You know, we haven't finalized that, but -- so we are certainly interested in hearing where the market is. So any insights are appreciated. So at this point, we are roughly at the same place we were a year ago.

--------------------------------------------------------------------------------

Mark Mihaljevic, RBC Capital Markets - Analyst [49]

--------------------------------------------------------------------------------

Okay. That's good. And you guys have now taken out basically all your base metal hedges outside of the provisional pricing ones. Just, I guess, a two-parter on this: do you have a sense of what levels you'd like to see before you'd start to put those back on, and whether you had any thoughts on hedging currency exposure?

--------------------------------------------------------------------------------

Jim Sabala, Hecla Mining Company - SVP, CFO [50]

--------------------------------------------------------------------------------

So, with respect to putting them back on, it really becomes an issue of where the market is and our perception of where it might go, and the benefit that we -- or maybe describe it as the risk that we perceive should prices go lower. And, you know, at these levels we don't think there's a lot of downside risk to the metals. But we are constantly in the market trying to understand that.

Certainly if -- you know, there is some risk, but we just don't see it as being as great as the opportunity on the upside. So we'll continue to monitor things. And at what we think is the appropriate time, we will put in some new positions.

Certainly on the currency side of things, it is a topic of discussion, and one that we are prepared to do, because we do think it would make some sense to provide some protection on the currency. Jim, anything to add to either of those?

--------------------------------------------------------------------------------

Jim Sabala, Hecla Mining Company - SVP, CFO [51]

--------------------------------------------------------------------------------

Yes. The only thing I would add is any levels that we have is proprietary. We wouldn't want people on the other side of the trade knowing where we are going.

Our practice has been -- and we would use the same practice for currency that we do for base metal hedging -- is that we set targets, and then we have scale-up selling as it moves through those targets, so that you naturally do more when prices increase and less when prices are low. And we would expect to follow that same policy. And if you look at it historically, while there is volatility quarter to quarter as a result of the goofy accounting that applies to this, overall it has added value to the bottom line and substantial value. So we would continue the program that has worked heretofore.

--------------------------------------------------------------------------------

Mark Mihaljevic, RBC Capital Markets - Analyst [52]

--------------------------------------------------------------------------------

Perfect. That's really helpful, guys. And I had to bounce on a couple -- a bit of the earlier part of the call, so just not sure if I missed it. But you guys had said you are expecting to be producing ore by the year-end at San Sebastian. Just wanted to see your timeline on actually getting the mill refurbished and ready to be processing that ore.

--------------------------------------------------------------------------------

Larry Radford, Hecla Mining Company - SVP, Operations [53]

--------------------------------------------------------------------------------

The mill refurbishment is in process as we speak. And so before the end of the year, it will be operational. That might be the last week of the year; we'll see how it all goes. But we do expect to be able to put some feed through the mill. As you will see in our guidance, we don't give any guidance on San Sebastian, because whatever we get, we think will be minimal. But we do think will be able to move it forward.

--------------------------------------------------------------------------------

Mark Mihaljevic, RBC Capital Markets - Analyst [54]

--------------------------------------------------------------------------------

Okay. Perfect. That's it for me. Thanks for taking my questions.

--------------------------------------------------------------------------------

Operator [55]

--------------------------------------------------------------------------------

David Deterding, Wells Fargo.

--------------------------------------------------------------------------------

Tyler Gately, Wells Fargo Securities - Analyst [56]

--------------------------------------------------------------------------------

Tyler Gately on for David today. You had mentioned in the past if silver were to hit the $15 mark, that you'd look to maybe pick up some assets for inventory. Can you update us on your M&A thought process now that we have been at those levels for some time now?

--------------------------------------------------------------------------------

Phil Baker, Hecla Mining Company - President and CEO [57]

--------------------------------------------------------------------------------

Well, just to be clear, there is no price that I say we are going to acquire an asset. We don't really look at the market that way. We really look at the quality of the asset and it fitting in with what we are trying to achieve operationally, the exploration potential that it has, can it fit into the mix of assets?

We did earlier this year require Revett, and we think that's an acquisition that fits what Hecla's looking for. It's a long-lived, low-cost property. It's one that requires permitting that we think we are uniquely suited to see be complete because of our experience at Greens Creek and their similar issues.

With respect to other things, we're -- you know, we've got a team of people that that's what they do all the time. And just stay tuned is all I can tell you.

--------------------------------------------------------------------------------

Tyler Gately, Wells Fargo Securities - Analyst [58]

--------------------------------------------------------------------------------

Sure. Thank you. Following up on the CapEx question earlier, how do you guys think about a base-level maintenance going forward?

--------------------------------------------------------------------------------

Phil Baker, Hecla Mining Company - President and CEO [59]

--------------------------------------------------------------------------------

Well, each of the mine's sustaining capital is order of magnitude $25 million plus or minus, depending on the mine. And so we will constantly try to spend that. And to the extent we can spend more that generates returns, we will do that. And to the extent we spend more that reduce risk, we will do that. And the amount of those things that we will do will be a function, really, of the metals price.

--------------------------------------------------------------------------------

Tyler Gately, Wells Fargo Securities - Analyst [60]

--------------------------------------------------------------------------------

Understood. Thanks, guys.

--------------------------------------------------------------------------------

Operator [61]

--------------------------------------------------------------------------------

There are no further questions. At this time I would like to turn the call back over to Mr. Phil Baker for any closing remarks.

--------------------------------------------------------------------------------

Phil Baker, Hecla Mining Company - President and CEO [62]

--------------------------------------------------------------------------------

The only thing I will offer up is if you have any questions, further questions, feel free to give Mike or I a call. We are excited about where things are going for Hecla Mining Company and be glad to talk more about it. Thanks very much.

--------------------------------------------------------------------------------

Operator [63]

--------------------------------------------------------------------------------

Ladies and gentlemen, thank you for participating in today's conference. This does conclude the program, and you may all disconnect. Everyone have a great day.

Lire la suite de l'article sur finance.yahoo.com
Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Hecla Mining Company

PRODUCTEUR
CODE : HL
ISIN : US4227041062
Suivi et investissement
Add to watch list Add to your portfolio Add or edit a note
Ajouter une alerte Ajouter aux Watchlists Ajouter au portefeuille Ajouter une note
ProfilIndicateurs
de Marché
VALEUR :
Projets & res.
Communiqués
de Presse
Rapport
annuel
RISQUE :
Profile actifs
Contactez la cie

Hecla Mining est une société de production minière d'argent et d'or basée aux Etats-Unis D'Amerique.

Hecla Mining est productrice d'argent, d'or, de plomb et de zinc en USA, au Mexique et en Bolivie, et détient divers projets d'exploration au Mexique.

Ses principaux projets en production sont GREENS CREEK en USA, SAN SEBASTIAN au Mexique et LA CAMORA et LUCKY FRIDAY en Bolivie et ses principaux projets en exploration sont GROUSE CREEK, SAN JUAN - HECLA MINING et GOLD HUNTER au Mexique.

Hecla Mining est cotée aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 1,7 milliards US$ (1,5 milliards €).

La valeur de son action a atteint son plus haut niveau récent le 24 mars 1995 à 9,88 US$, et son plus bas niveau récent le 05 janvier 2001 à 0,49 US$.

Hecla Mining possède 399 397 443 actions en circulation.

Votre avis nous interesse, merci de laisser un commentaire ou de noter cet article.
Evaluer : Note moyenne :0 (0 vote) Voir les mieux notés
 
Dans les médias de Hecla Mining Company
16/03/2012Hecla Mining Co.'s Silver Moment
27/07/2010Welcome Back, Hecla
Rapports annuels de Hecla Mining Company
2008 Annual Repoprt
Annual report which provides a comprehensive overview of the...
2007 Annual report
Nominations de Hecla Mining Company
11/02/2013Hecla Appoints Vice President - Investor Relations
Rapports Financiers de Hecla Mining Company
05/05/2016Hecla Reports First Quarter 2016 Results
14/04/2016Results of Operations and Financial Condition and Financial ...
19/02/2014Hecla Reports Fourth Quarter and 2013 Financial Results
06/01/2014Hecla Extends Exchange Offer
05/11/2013Hecla Reports Third Quarter 2013 Results
09/08/2013ALERT: New Hecla Mining Company Financial Report
08/08/2013Hecla Reports Second Quarter 2013 Results
22/05/2013ALERT: New Hecla Mining Company Financial Report
10/05/2013Hecla Reports First Quarter 2013 Results
25/02/2013Hecla Reports 2012 Fourth Quarter and Year-End Results
08/05/2012Hecla Reports First Quarter 2012 Results
08/05/2012CORRECTING and REPLACING Hecla Reports First Quarter 2012 Re...
08/05/2012Hecla Reports First Quarter 2012 Results
09/08/2011Hecla Reports Second Quarter 2011 Doubling of Income
09/05/2011Hecla's Net Income Doubles in the First Quarter 2011
29/04/2011Hecla to Release 2011 First Quarter Results on May 9 and Luc...
16/02/2011Hecla Postpones 2010 Fourth Quarter Results and Webcast
12/05/2008 Reports Increased Income and Gross Profit, Improved Cash Co...
Projets de Hecla Mining Company
20/10/2015Hecla Reports Third Quarter Production Results
16/09/2015(San Sebastian)Hecla Announces Production Decision at San Sebastian
29/01/2014Hecla Reports Preliminary 2013 Production Results of 8.9 Mil...
19/06/2013Hecla Acquires Interest in Typhoon Exploration Inc.
03/06/2013Hecla Completes Acquisition of Aurizon Mines Ltd.
24/05/2013Hecla Mining Company CEO Video on Aurizon Acquisition
22/02/2013HECLA ACQUIRES INTEREST IN BRIXTON METALS CORPORATION
22/02/2013Hecla Acquires Interest in Brixton Metals Corporation
19/02/2013HECLA RESUMES LUCKY FRIDAY MINEOPERATIONS AND PRODUCTION
19/02/2013(Lucky Friday)Hecla Resumes Lucky Friday Mine Operations and Production
21/08/2012Hecla Acquires Interest in Dolly Varden Silver Corporation
05/04/2012Hecla Announces New Additions to Management Team for Lucky F...
11/01/2012Hecla Reports Temporary Care and Maintenance at Lucky Friday...
21/12/2011Hecla Provides Update on Lucky Friday and Announces Heclas ...
21/12/2011Hecla Provides Update on Lucky Friday and Announces Hecla's ...
16/12/2011Hecla Reports Rock Burst Unrelated to Previous Events at the...
15/12/2011Hecla Reports Update on Lucky Friday Mine
13/12/2011Hecla Acquires Remaining 30% Interest in San Juan Silver Pro...
08/08/2011Hecla Receives Final Board Approval on Lucky Friday #4 Shaft...
19/04/2011(Lucky Friday)Hecla Provides Update on Settlement Negotiations for the Coe...
24/02/2009(Greens Creek)Reports 4th Quarter and Full-Year 2008 Results; Increases Si...
16/04/2008(Greens Creek)Rio Tinto Completes Sale of Greens Creek Mine Interest
Communiqués de Presse de Hecla Mining Company
14/09/2016announced that its acquisition of Mines Management Inc. is c...
05/08/2016Hecla to Participate at Jefferies 2016 Industrials Conferenc...
01/08/2016Document: Registration Statement
27/07/2016Hecla Provides Update for Its Dolly Varden Investment
26/07/2016Hecla Second Quarter 2016 Financial Results Conference Call ...
25/07/2016Hecla Withdraws Bid for Dolly Varden
14/07/2016High-Flying Hecla Mining Company (HL) and Constellation Bran...
11/07/2016Hecla Reports 4.2 Million Ounces of Silver and 62,965 Ounces...
08/07/2016Hecla Formally Commences Takeover Bid for Dolly Varden at 97...
27/06/2016Hecla Announces Takeover Bid for Shares of Dolly Varden Silv...
14/06/2016Hecla Announces Appointment of Lindsay Hall as Senior Vice P...
24/05/2016Hecla to Acquire Mines Management
20/05/2016Hecla Declares Preferred Dividend
18/05/2016Hecla to Hold Annual Meeting of Shareholders in Spokane, Was...
05/05/2016Hecla Mining beats 1Q profit forecasts
03/05/2016Hecla to Participate at Bank of America Merrill Lynch Confer...
27/04/2016Hecla First Quarter 2016 Financial Results Conference Call a...
23/02/2016Hecla Mining reports 4Q loss
27/01/2016Technicals Driving Movement in Major Equities - Consensus Re...
20/01/2016Hecla to Participate in the Vancouver Resource Investment Co...
28/12/20155-Year Lows: Hecla Mining, Solar Capital, Atwood Oceanics, H...
28/12/2015How Silver Prices Are Influencing Major Silver Miners
09/12/2015Do Hedge Funds Love Hecla Mining Company (HL)?
04/11/2015Edited Transcript of HL earnings conference call or presenta...
04/11/2015Hecla Reports Third Quarter 2015 Results
04/11/2015Hecla Mining reports 3Q loss
04/11/20156:38 am Hecla Mining misses by $0.01, misses on revs
21/10/2015Hecla Third Quarter 2015 Financial Results Conference Call a...
20/10/20156:51 am Hecla Mining reports Q3 prelim production results, s...
01/10/20154:04 am Hecla Mining increases stake in Dolly Varden Silver
01/10/2015Hecla Increases Interest in Dolly Varden Silver Corporation
17/09/2015Hecla to Participate at the Denver Gold Forum and Deutsche B...
11/09/2015Why Hecla Mining (HL) Could Be Positioned for a Slump
04/09/2015Edited Transcript of HL earnings conference call or presenta...
03/09/2015Hecla to Participate at the Rodman & Renshaw and Bank of Ame...
21/08/2015Hecla Declares Preferred Dividend
20/08/2015Are Gold Investments Lucrative After the Yuan Devaluation?
07/08/2015Edited Transcript of HL earnings conference call or presenta...
06/08/2015Hecla Mining reports 2Q loss
06/08/2015Hecla Reports Second Quarter 2015 Results
06/08/20158:12 am Hecla Mining misses by $0.04, misses on revs
04/08/2015Hecla to Participate at the Jefferies Industrials Conference
29/07/2015US Retail Sales Were Disappointing in June
27/07/2015Hecla Second Quarter 2015 Financial Results Conference Call ...
23/07/2015Strong Insider Buying Continues At Hecla Mining
16/07/2015Hecla Reports Second Quarter Production Results and Increase...
07/05/2015Are Hecla Earnings Pressures Remaining Into 2016?
27/04/2015Final Glance: Silver companies
27/04/2015Midday Glance: Silver companies
27/04/2015Early Glance: Silver companies
23/04/2015Hecla First Quarter 2015 Financial Results Conference Call a...
22/04/2015Midday Glance: Silver companies
22/04/2015Early Glance: Silver companies
21/04/2015Final Glance: Silver companies
16/04/2015Final Glance: Silver companies
16/04/2015Midday Glance: Silver companies
14/04/2015Early Glance: Silver companies
13/04/2015Hecla Reports Preliminary First Quarter 2015 Production Resu...
10/04/2015Final Glance: Silver companies
10/04/2015Midday Glance: Silver companies
10/04/2015Early Glance: Silver companies
08/04/2015Hecla to Participate at CIBC Gold Forum and European Gold Fo...
02/04/2015Final Glance: Silver companies
02/04/2015Midday Glance: Silver companies
02/04/2015Early Glance: Silver companies
31/03/20155 Top Gold Stocks in 2015 Q1
27/03/2015REVETT MINING COMPANY, INC. SHAREHOLDER ALERT: Rigrodsky & L...
27/03/2015REVETT MINING INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL ...
27/03/2015Hecla to Acquire Revett in $20 Million Stock Deal
26/03/2015Early Glance: Silver companies
23/03/2015Hecla to Celebrate 50 Years on the NYSE by Ringing the Closi...
16/03/2015Hecla to Participate at Morgan Stanley, Barclays, and BB&T C...
13/03/2015Bulls hope Hecla will shine again
21/02/2014Hecla Declares Stock Dividends
29/01/2014ALERT: New Hecla Mining Company SEC Filing
10/01/2014Hecla Announces Results of Exchange Offer
06/01/2014ALERT: New Hecla Mining Company SEC Filing
06/12/2013Hecla Declares Preferred Stock Dividend
04/12/2013Hecla Commences Senior Notes Exchange Offer
04/12/2013ALERT: New Hecla Mining Company SEC Filing
20/11/2013ALERT: New Hecla Mining Company SEC Filing
20/11/2013at Goldman Sachs Global Metals & Mining Conference
05/11/2013ALERT: New Hecla Mining Company SEC Filing
25/10/2013ALERT: New Hecla Mining Company SEC Filing
18/09/2013at Denver Gold Forum
17/09/2013at Deutsche Bank Leveraged Finance Conference
04/09/2013at Bank of America Merrill Lynch Canada Mining Conference
08/08/2013ALERT: New Hecla Mining Company SEC Filing
25/07/2013ALERT: New Hecla Mining Company SEC Filing
25/06/2013ALERT: New Hecla Mining Company SEC Filing
14/06/2013ALERT: New Hecla Mining Company SEC Filing
07/06/2013ALERT: New Hecla Mining Company SEC Filing
30/05/2013ALERT: New Hecla Mining Company SEC Filing
30/05/2013ALERT: New Hecla Mining Company SEC Filing
30/05/2013ALERT: New Hecla Mining Company SEC Filing
30/05/2013ALERT: New Hecla Mining Company SEC Filing
28/05/2013ALERT: New Hecla Mining Company SEC Filing
28/05/2013Hecla Announces Receipt of Investment Canada Act Approval
23/05/2013ALERT: New Hecla Mining Company SEC Filing
22/05/2013ALERT: New Hecla Mining Company SEC Filing
17/05/2013ALERT: New Hecla Mining Company SEC Filing
15/05/2013ALERT: New Hecla Mining Company SEC Filing
10/05/2013ALERT: New Hecla Mining Company SEC Filing
10/05/2013ALERT: New Hecla Mining Company SEC Filing
09/05/2013ALERT: New Hecla Mining Company SEC Filing
06/05/2013ALERT: New Hecla Mining Company SEC Filing
23/04/2013ALERT: New Hecla Mining Company SEC Filing
18/04/2013Dolly Varden Silver Announces an Additional Strategic Invest...
15/04/2013ALERT: New Hecla Mining Company SEC Filing
09/04/2013ALERT: New Hecla Mining Company SEC Filing
09/04/2013Hecla Announces Pricing of US$500,000,000 Senior Notes Offer...
03/04/2013ALERT: New Hecla Mining Company SEC Filing
03/04/2013ALERT: New Hecla Mining Company SEC Filing
02/04/2013ALERT: New Hecla Mining Company SEC Filing
02/04/2013Hecla Mining Company to Offer Senior Notes
19/03/2013Hecla Urges Aurizon Shareholders Not to Tender to Alamos and...
14/03/2013ALERT: New Hecla Mining Company SEC Filing
14/03/2013Hecla's Deal with Aurizon Has More Value and More Cash Than ...
25/02/2013ALERT: New Hecla Mining Company SEC Filing
25/02/2013ALERT: New Hecla Mining Company SEC Filing
25/02/2013Hecla Declares Common and Preferred Stock Dividends
19/02/2013ALERT: New Hecla Mining Company SEC Filing
13/02/2013ALERT: New Hecla Mining Company SEC Filing
11/02/2013ALERT: New Hecla Mining Company SEC Filing
08/02/2013ALERT: New Hecla Mining Company SEC Filing
06/11/2012ALERT: New Hecla Mining Company SEC Filing
06/11/2012HECLA REPORTS THIRD QUARTER 2012 RESULTS AND EXPECTED 2013 P...
06/11/2012Hecla Reports Third Quarter 2012 Results and Expected 2013 P...
29/08/2012CORRECTING and REPLACING Hecla Clarifies Record Date for Pre...
28/08/2012Hecla Declares Preferred Dividend
07/08/2012Hecla Terminates Offer for U.S. Silver Corporation
07/08/2012Hecla Reports Second Quarter 2012 Results and Major Progress...
02/08/2012Hecla Reminds U.S. Silver Shareholders to Take Action before...
31/07/2012Hecla Posts Investor Presentation Regarding Its All-Cash CDN...
30/07/2012Hecla Responds to U.S. Silver Board Recommendation; Urges U....
26/07/2012Hecla Announces Launch of All Cash Offer to Acquire U.S. Sil...
26/07/2012Hecla Announces Intention to Make All Cash Offer to Acquire ...
28/06/2012ALERT: New Hecla Mining Company SEC Filing
28/06/2012ALERT: New Hecla Mining Company SEC Filing
28/06/2012ALERT: New Hecla Mining Company SEC Filing
28/06/2012ALERT: New Hecla Mining Company SEC Filing
28/06/2012ALERT: New Hecla Mining Company SEC Filing
28/06/2012ALERT: New Hecla Mining Company SEC Filing
28/06/2012ALERT: New Hecla Mining Company SEC Filing
28/06/2012ALERT: New Hecla Mining Company SEC Filing
28/06/2012ALERT: New Hecla Mining Company SEC Filing
28/06/2012ALERT: New Hecla Mining Company SEC Filing
27/06/2012ALERT: New Hecla Mining Company SEC Filing
27/06/2012ALERT: New Hecla Mining Company SEC Filing
27/06/2012ALERT: New Hecla Mining Company SEC Filing
27/06/2012ALERT: New Hecla Mining Company SEC Filing
31/05/2012ALERT: New Hecla Mining Company SEC Filing
31/05/2012ALERT: New Hecla Mining Company SEC Filing
31/05/2012ALERT: New Hecla Mining Company SEC Filing
31/05/2012ALERT: New Hecla Mining Company SEC Filing
31/05/2012ALERT: New Hecla Mining Company SEC Filing
31/05/2012ALERT: New Hecla Mining Company SEC Filing
30/05/2012ALERT: New Hecla Mining Company SEC Filing
16/05/2012ALERT: New Hecla Mining Company SEC Filing
10/05/2012ALERT: New Hecla Mining Company SEC Filing
08/05/2012ALERT: New Hecla Mining Company SEC Filing
08/05/2012Hecla Declares Silver-Linked and Regular Dividends and Annou...
08/05/2012ALERT: New Hecla Mining Company SEC Filing
10/04/2012ALERT: New Hecla Mining Company SEC Filing
10/04/2012ALERT: New Hecla Mining Company SEC Filing
10/04/2012Hecla Mining Company Annual Meeting of Shareholders
28/02/2012ALERT: New Hecla Mining Company SEC Filing
28/02/2012Hecla Reports High Grade Drilling Intercepts at the San Juan...
22/02/2012ALERT: New Hecla Mining Company SEC Filing
21/02/2012ALERT: New Hecla Mining Company SEC Filing
21/02/2012Hecla Declares Silver-Linked Dividend and Adds New Minimum D...
21/02/2012Hecla Reports Record 2011 Revenue & Gross Profits
16/02/2012Hecla Reports Record Silver Reserves & Resources and Advance...
14/02/2012ALERT: New Hecla Mining Company SEC Filing
13/02/2012ALERT: New Hecla Mining Company SEC Filing
08/02/2012ALERT: New Hecla Mining Company SEC Filing
27/01/2012ALERT: New Hecla Mining Company SEC Filing
11/01/2012ALERT: New Hecla Mining Company Item
21/12/2011ALERT: New Hecla Mining Company Item
13/12/2011ALERT: New Hecla Mining Item
05/12/2011ALERT: New Hecla Mining SEC Filing
03/12/2011Hecla Responds to MSHA's Accident Report
30/11/2011ALERT: New Hecla Mining SEC Filing
11/10/2011ALERT: New Hecla Mining SEC Filing
11/10/2011Hecla Increases Revolving Credit Agreement to $100 Million
20/09/2011ALERT: New Hecla Mining SEC Filing
20/09/2011Hecla Introduces Silver-Linked Dividend Policy
09/09/2011Hecla Receives Court Approval on the Coeur d'Alene Basin Env...
06/09/2011ALERT: New Hecla Mining SEC Filing
02/09/2011Hecla Declares Preferred Dividend
26/08/2011ALERT: New Hecla Mining SEC Filing
18/08/2011ALERT: New Hecla Mining SEC Filing
17/08/2011ALERT: New Hecla Mining SEC Filing
17/08/2011ALERT: New Hecla Mining SEC Filing
16/08/2011ALERT: New Hecla Mining SEC Filing
09/08/2011ALERT: New Hecla Mining SEC Filing
14/06/2011Hecla Reports Lodging of Coeur d'Alene Basin Environmental S...
16/05/2011ALERT: New Hecla Mining SEC Filing
16/05/2011ALERT: New Hecla Mining SEC Filing
16/05/2011ALERT: New Hecla Mining SEC Filing
09/05/2011ALERT: New Hecla Mining SEC Filing
09/05/2011ALERT: New Hecla Mining SEC Filing
19/04/2011ALERT: New Hecla Mining SEC Filing
25/03/2011ALERT: New Hecla Mining SEC Filing
25/02/2011Hecla Reports 2010 Record Operating Cash Flow of $198 Millio...
25/02/2011Hecla Announces Increased Silver Reserves & Resources and Pr...
16/02/2011ALERT: New Hecla Mining SEC Filing
15/02/2011ALERT: New Hecla Mining SEC Filing
30/11/2010ALERT: New Hecla Mining SEC Filing
12/11/2008Acquires assets of independence mines
06/08/2008Quaterly report which provides a continuing view of a compan...
05/08/2008Report of unscheduled material events or corporate event
31/07/2008A statement of beneficial ownership of common stock by certa...
25/06/2008Report of unscheduled material events or corporate changes
03/06/2008Statement of changes in beneficial ownership of securities
13/05/2008Quaterly report which provides a continuing view of a compan...
13/05/2008Report of unscheduled material events or corporate changes
23/04/2008Report of unscheduled materail events or corporate changes
02/04/2008Official notification to shareholders of matters to be broug...
28/03/2008 Report of unscheduled material events or corporate changes
28/03/2008Initial statement of beneficial ownership of securities
07/03/2008Amendment to a previously filed 8-K
07/03/2008Filing of certain prospectuses and communications in connect...
07/03/2008Filing of certain prospectuses and communications in connect...
07/03/2008Filing of certain prospectuses and communications in connect...
07/03/2008Filing of certain prospectuses and communications in connect...
22/02/2008Report of unscheduled material events or corporate changes
19/12/2007Report of unscheduled material events or corporate changes
17/12/2007Form of prospectus filed in connection with primary offering...
07/12/2007amendments to articles of incorporation
26/11/2007 Filed by "insiders" prior intended sale of restricted stock
09/11/2007Current reports
09/11/2007 Hecla Mining SEC FILINGS ALERT
07/09/2007SEC FILINGS ALERT
Publication de commentaires terminée
 
Dernier commentaire publié pour cet article
Soyez le premier à donner votre avis
Ajouter votre commentaire
NYSE (HL)FRANKFURT (HCL.F)
4,24-3.64%4,11+0.88%
NYSE
US$ 4,24
28/06 17:00 -0,160
-3,64%
Cours préc. Ouverture
4,40 4,41
Bas haut
4,21 4,46
Année b/h Var. YTD
4,12 -  7,22 -18,77%
52 sem. b/h var. 52 sem.
4,12 -  7,30 -42,23%
Volume var. 1 mois
3 639 163 -13,29%
24hGold TrendPower© : 44
Produit Gold - Lead - Silver - Zinc
Développe
Recherche Gold - Lead - Silver - Zinc
 
 
 
Analyse
Interactive chart Add to compare
Graphique
interactif
Imprimer Comparer Exporter
Dernière mise à jour le : 04/06/2010
Vous devez être connecté pour accéder au portefeuille (gratuit)
Top Newsreleases
LES PLUS LUS
Variation annuelle
DateVariationMaxiMini
2022-52,73%
202138,43%9,445,23
202095,77%6,791,40
201942,06%3,511,21
2018-41,31%4,632,17
 
Graphique 5 ans
 
Graphique 3 mois
 
Graphique volume 3 mois
 
 
Nouvelles des Sociétés Minières
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
0,12 AU$-8,00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
7,58 AU$+2,71%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
2,83 AU$-4,07%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
3,86 AU$+0,00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
0,12 CA$+4,55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
0,02 CA$+100,00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
0,47 US$-7,33%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
0,20 US$-12,28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
0,53 GBX-10,32%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
0,02 CA$+0,00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
3,00 CA$+0,00%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
1,84 CA$+0,00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
8,71 CA$-1,02%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
0,30 CA$+7,14%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
0,25 AU$+4,17%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
6,80 US$-2,86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
1,79 CA$-6,28%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
59,37 US$+2,73%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
8,66 CA$-0,35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
0,03 AU$+0,00%Trend Power :