Hecla’s 2013 Silver Production Up 39 Percent; Gold Output Up 116 Percent

Hecla Mining Company (NYSE:HL) announced its preliminary results for the fourth quarter of 2013, as well as for the whole year, commenting that for the entire year it put out 8.9 million ounces of silver, a 39-percent increase from 2012.

Its 2013 gold production came in at 119,989 ounces, up 116 percent from 2012.

Phillips S. Baker, Jr., Hecla’s president and CEO, commented:

During the fourth quarter Hecla achieved significant milestones with Greens Creek continuing its strong production, Lucky Friday back to normalized operations and Casa Berardi improving production and costs.

We look forward to strong, low-cost production from our three mines in 2014, remaining focused on reducing risk, increasing consistency of mine production and extending mine life. We have $212 million in cash at the end of 2013, and plan to spend within Adjusted EBITDA in 2014, which should allow us to maintain our strong financial position.

Click here to read the full Hecla Mining Company (NYSE:HL) press release.