Hecla Mining says silver and gold reserves hit records, shares +5.2% AH

Hecla Mining (HL+5.2% AH after reporting record levels of silver and gold reserves at its properties despite using reduced metals prices of $20/oz. silver and $1,300/oz. gold.

Year-end 2013 proven and probable silver reserves reached the highest level in company history, up 13% Y/Y to 170M oz.; measured and indicated silver resources rose 18% to 149M oz.

Proven and probable gold reserves increased 190% Y/Y to a company record 2.1M oz., principally due to the acquisition of Aurizon Mines; measured and indicated gold resources rose 3,610% to 4.7M oz.

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Comments (3)
  • PeakOiler
    , contributor
    Comments (299) | Send Message
    Misleading headline, Hecla BOUGHT more reserves. Headline suggests they just went out and found it. Dumb.
    18 Feb 2014, 09:03 PM Reply Like
  • Agbug
    , contributor
    Comments (1306) | Send Message
    Dumb or not, I hope there's some follow through as HL is an outsized holding of mine.
    18 Feb 2014, 09:55 PM Reply Like
  • dnamiller
    , contributor
    Comments (19) | Send Message
    I don't see how it's misleading. I'm reading the word "acquisition", not "found". Last I checked, acquisition meant to "buy" or "obtain".
    19 Feb 2014, 01:03 AM Reply Like
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