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Gold/Mining/Energy : Silver prices

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To: long-gone who wrote (3059)	11/7/2000 2:06:44 PM
From: goldsheet	Read Replies (1) of 8010

> yes, price per oz is down. Not what I was pointing out. Their price drop in silver (5.24 v 5.08 for first 9 months) is nothing compared to a gold mine that went into production in October 1999. As of the current quarter, Hecla derives 47% of revenues from industrial minerals, 31% from silver, and 22% from gold. This makes it less of a silver play than last quarter, last year, and probably its entire history. On a positive note, the $865,000 they made mining gold just about covered the $947,000 they lost mining silver. All of their $2m in earnings effectively came from industrial minerals.

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