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Gold/Mining/Energy : Profitable Gold and Silver Producers

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From: loantech	1/8/2012 7:24:52 PM
	1 Recommendation Read Replies (2) of 104

Hecla-HL is one of my main picks and stocks I own. Geo-politically safe IMO with it's main mine Greens Creek in Alaska and it's smaller mine Lucky Friday in Idaho, both have been in production for decades. No debt and strong cash flow and a very low cost producer. hecla-mining.com Hecla is growing both reserves and production. Last year’s exploration program achieved the following milestones: Increased silver reserves to 142 million ounces. Increased silver resources to 248 million ounces, representing a 17% increase over 2009. <Hecla's silver output remains within its previous estimates with 2011 production expected at more than 9 million ounces and cash cost estimates remaining unchanged at approximately $1.00 per ounce, net of by-products. For 2012, Hecla expects to increase silver production to more than 9.5 million ounces including the loss of two months of production at the Lucky Friday mine while the bypass is completed.> Hd: -Hecla is paying a dividend: 11.08.11 Hecla Declares First Quarterly Silver Price-Linked Common Stock Dividend and Preferred Dividend COEUR D'ALENE, Idaho, Nov 08, 2011 (BUSINESS WIRE) -- Hecla Mining Company ("Hecla") ( NYSE:HL) today announced its Board of Directors has declared the first quarterly silver price-linked dividend under Hecla's recently announced silver price-linked dividend policy. The declared dividend is $0.02 per share of common stock, for a total amount of approximately $5.6 million, based on an average realized silver price of $37.02 in the third quarter 2011. 2011 3rd quarter costs: Silver production of 2.3 million ounces at a total cash cost of $0.67 per ounce, net of by-products2 Using a gold to silver ratio of 55 that is equivalent to producing gold at $37.00 bucks per gold ounce. HL is a long term hold for me.

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