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.

You May Also Be Interested In

• Jefferies upgrades Shopify to Buy on AI commerce tailwinds, sees 30% upside
• Jefferies Upgrades Friedrich Vorwerk Group SE (VH2:GR) to Hold
• JPMorgan Starts Shinsegae Inc (004170:KS) at Overweight