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Hecla Mining Company (NYSE:HL) announced their first quarter results and that Aurizon shareholders have voted in support the Hecla takeover.
Hecla Mining Company (NYSE:HL) announced their first quarter results and that Aurizon shareholders have voted in support the Hecla takeover.
As quoted in the press release:
Hecla Mining Company today announced first quarter net income applicable to common shareholders of $11.0 million, or $0.04 per basic share, and earnings after adjustments applicable to common shareholders of $3.4 million, or $0.01 per basic share. First quarter silver production was 1.9 million ounces at a cash cost of $7.02 per ounce, net of by-products.
Hecla’s President and CEO, Phillips S. Baker, Jr, said:
During the first quarter we recommenced production at the Lucky Friday mine, after a year of rehabilitation and enhancement, and expect the mine to produce more than 2 million ounces of silver this year and 3 million ounces of silver in 2014.