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Hecla Mining +5.5% after strong Q3, higher production outlook

Published 11/08/2016, 12:16 PM
Hecla Mining +5.5% after strong Q3, higher production outlook
HL
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  • Hecla Mining (HL +5.5%) is sharply higher after beating analyst estimates for Q3 earnings and revenues, and adjusted EBITDA of $75.2M soared 323% higher than in the prior-year quarter.
  • HL reports total Q3 silver production of 4.3M oz. surged 67% Y/Y, gold production of 52K oz. jumped 19%, and silver equivalent production of 10.3M oz. was a 17% Y/Y gain.
  • The Q3 average realized silver price was $19.53/oz., up 34% Y/Y, and the average realized gold price was $1,341/oz., up 20% Y/Y.
  • HL raises its FY 2017 total silver production to 16.25M oz. from an earlier outlook of 15.8M oz., while keeping its view of total gold production unchanged at 233K oz.

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