Hecla Mining (HL) Tops Q1 EPS by 1c
Hecla Mining (NYSE: HL) reported Q1 EPS of $0.02, $0.01 better than the analyst estimate of $0.01.
2016 GUIDANCE
For the full year 2016, the Company increased its silver production estimates for Greens Creek, Lucky Friday and San Sebastian and lowered its cash cost after by-product credits estimates for Greens Creek and San Sebastian. The Company currently expects:
| Mine | 2016E1 SilverProduction (Moz) | 2016E GoldProduction (oz) | Cash cost, after by-productcredits, per silver/gold ounce4 | ||||||
| Greens Creek | 8.1 | 52,000 | $5.00 per silver oz | ||||||
| Lucky Friday | 3.1 | $9.00 per silver oz | |||||||
| San Sebastian | 3.8 | 20,000 | $1.00 per silver oz | ||||||
| Casa Berardi2 | 135,000 | $700 per gold oz | |||||||
| Total | 15.0 | 207,000 | $5.00 per silver oz | ||||||
| Silver Equivalent Production3 | 41.0 | ||||||||
| Gold Equivalent Production3 | 540,500 | ||||||||
| 2016E capital expenditures (excluding capitalized interest) | $150 million5 | ||||||
| 2016E pre-development and exploration expenditures | $15 million | ||||||
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For earnings history and earnings-related data on Hecla Mining (HL) click here.