- Hecla Mining (NYSE:HL) +1.5% premarket after posting better than expected Q4 earnings; the results were a surprise, as analyst had expected something closer to a breakeven quarter.
- HL says its silver equiv. production totaled 34.5M oz. in 2014, a company record, and gold production rose 56% to 128.2K oz.
- HL also increased its proven and probable reserves of silver by 1.9% to 179M oz., while proven and probable reserves of gold declined by 1.5% Y/Y.
- Forecasts 2015 silver production of 10.5M oz. and gold production of 185K oz.; including base metals, HL forecasts silver equiv. production of 35M oz.
- Sees 2015 cash costs for silver at $6/oz. and cash costs for gold at $825/oz.