Higher Costs Hurt Hecla Mining Profits

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.