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Wednesday, August 7, 2019

-=Hecla Mining (HL) reported earnings on Wed 7 Aug 2019 (b/o)

Hecla Mining misses by $0.02, misses on revs
  • Reports Q2 (Jun) loss of $0.07 per share, excluding non-recurring items, $0.02 worse than the S&P Capital IQ Consensus of ($0.05); revenues fell 8.9% year/year to $134.17 mln vs the $150.62 mln S&P Capital IQ Consensus.
  • "Our financial performance in the second quarter was impacted by several items, including lower by-product credits and the timing of lead shipments at Greens Creek, and higher depreciation expense, which more than offset the positive impact of higher grades at Greens Creek"
  • 2019 Production Outlook
    • Silver -- 11.7 Moz
    • Gold -- 274 Koz

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