Hecla Sees Higher Silver Prices and Raises Outlook

Reuters Africa reported that Hecla Mining (NYSE:HL) is increasing investment in silver projects on the expectation silver prices will remain high.

As quoted in the market news:

Silver, which climbed to a record high of $49.51 per ounce in April 2011, was trading around $34.02 an ounce on Tuesday. Societe Generale said it expects silver prices to pick up through 2012 as it continues to shadow gold.

Click here to read the full Reuters Africa report.