HECLA REPORTS THIRD QUARTER 2012 RESULTS AND EXPECTED2013 PRODUCTION FROM LUCKY FRIDAY MINE
For the Period Ended September 30, 2012
For Release: November 6, 2012
COEUR D'ALENE, IDAHO -- Hecla Mining Company (NYSE:HL) today announced a third quarter net loss applicable to common shareholders of $1.0 million, or $0.00 per basic share, and earnings after adjustments applicable to common shareholders of $3.2 million, or $0.01 per basic share. Third quarter silver production was up 19% from the previous quarter to 1.6 million ounces at a cash cost of $3.52 per ounce, net of by-products. Operating cash flow for the quarter was $35.2 million.
THIRD QUARTER 2012 HIGHLIGHTS
� Silver production of 1.6 million ounces, up 19% from the previous quarter, at a total cash cost (a non-GAAP measure) of $3.52 per ounce, net of by-products.
� Operating cash flow of $35.2 million.
� Net loss applicable to common shareholders of $1.0 million, or $0.00 per basic share, due primarily to non-cash mark-to-market adjustments related to the Company's long-term base metal hedging program.
� Earnings after adjustments applicable to common shareholders (a non-GAAP measure) of $3.2 million, or $0.01 per basic share.
� Lucky Friday rehabilitation work progresses to approximately 5700 level with production expected to resume in Q1/2013. Full-year 2013 silver production expected at more than 2 million ounces.
� Cash and cash equivalents of $232 million at September 30, 2012.
� Declaration of common stock dividend of $0.0225 per share, payable on or about December 5 to shareholders of record on November 27.
� Drilled very high-grade mineralization over exceptional widths at Greens Creek (Alaska).
� At San Sebastian, drilling of the Middle Vein has defined a very high-grade, gold-silver vein which is approximately 800 feet from the Hugh Zone.
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PRODUCTEUR |
CODE : HL |
ISIN : US4227041062 |
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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 309,8 millions (278,5 millions €). La valeur de son action a atteint son plus haut niveau récent le 24 mars 1995 à 9,88 , et son plus bas niveau récent le 05 janvier 2001 à 0,49 . Hecla Mining possède 47 442 200 actions en circulation. |