DALLAS, April 1, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Hecla Mining Company (NYSE:HL). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at: www.microstockprofit.com/lp/HL
Hecla Mining Company (HL) is engaged in discovering, acquiring, developing, producing and marketing silver, gold, lead and zinc. The Company produces lead, zinc and bulk concentrates, which it sells to custom smelters, and unrefined gold bullion bars (dore), which may be sold as dore or further refined before sale to precious metals traders. The Company is organized into two segments: the Greens Creek and Lucky Friday units. The Company reported silver production of 10.6 million ounces for 2010 at a total cash cost of negative $1.46 per ounce, net of by-products. For the full year 2010, silver production was 10.6 million ounces at a total cash cost of negative $1.46 per ounce, net of by-products. Its silver reserves and resources increased to 142 million ounces and 248 million ounces for the full year, respectively.
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In the report, the analyst notes:
"HL posted revenue of $134.5 million for the fourth quarter 2010, a $46.4 million increase over the same period in 2009. Adjusted net income applicable to common shareholders was $30.6 million, or $0.12 per basic share. Operating cash flow was $85.8 million, a 34% increase over the same period in 2009."
"HL said that its exploration strategy this year is largely focused on drill-testing targets on its district-sized land positions surrounding existing operations or re-emerging historic mining districts. With up to 12 drills operating and 250 thousand feet of underground and surface drilling, the Company is continuing systematic exploration. It has stated that it is increasing its exploration budget to about $27 million in 2011."
To read the entire report visit: www.microstockprofit.com/lp/HL
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