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CNBC News reported that Hecla Mining (NYSE:HL) said cost overruns resulted in a lower quarterly profit.
CNBC News reported that Hecla Mining (NYSE:HL) said cost overruns resulted in a lower quarterly profit.
As quoted in the market news:
Hecla’s net income fell 71 percent as its exploration and pre-development expenses nearly tripled to $9 million on increased exploration and repair work. For 2012, it expects expenditures to surge to $28 million.
Click here to read the full CNBC News report.
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