Hecla Increases Silver and Gold Production in Q2

Hecla Mining Co. (NYSE:HL) announced its preliminary production results for the second quarter of 2014, commenting that it put out 2.5 million ounces of silver and 43,555 ounces of gold. Those are increases of 14 and 96 percent, respectively, from the year-ago quarter.

The company plans to release its full Q2 results on July 31, 2014.

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

During the second quarter production grew for all our metals over the prior year period, as we realized the benefits of the Casa Berardi acquisition and a fully operational Lucky Friday. The amount of zinc and lead we produce as a by-product differentiates Hecla from its peers, and significantly improves the economics of our business, particularly in a time of rising metals prices like we recently experienced.

The combination of growing production and higher metals prices with approximately $222 million in cash at quarter end, inclusive of warrant proceeds, puts Hecla in a strong position entering the third quarter.

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