Hecla Mining (HL) Tops Q3 EPS by 1c

Hecla Mining (NYSE: HL) reported Q3 EPS of ($0.03), $0.01 better than the analyst estimate of ($0.04). Revenue for the quarter came in at $104.9 million versus the consensus estimate of $107.22 million.

"During the third quarter we delivered solid production performance, with Greens Creek continuing to lead the way. Cash costs, after by-product credits, were higher because of the weak price of our by-product metals," said Phillips S. Baker Jr., Hecla's President and CEO. "Hecla's cash flow and balance sheet have allowed continued investment in capital improvements, growth and exploration initiatives; the benefits of which are just beginning to be realized. We expect San Sebastian to start processing ore by year end, Casa Berardi is accessing a newly discovered, high-grade stope and the Lucky Friday has returned to full production after replacing the main ventilation booster fans."

For earnings history and earnings-related data on Hecla Mining (HL) click here.

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