Hecla Mining reports 67% Y/Y increase in Q3 silver production

|About: Hecla Mining Co. (HL)|By:, SA News Editor

Hecla Mining (HL +4.2%) moves higher after reporting preliminary 67% Y/Y increase in Q3 silver production to more than 4.31M oz. and a 20% Y/Y rise in gold production to 52.1K oz.

HL says the strong performance from its mines prompts it to increase its 2016 silver production estimate to 16.25M oz., highest in the company's history, from its earlier outlook for 15.75M oz.

HL says its cash and related holdings totaled $192M at the end of Q3, $33M more than at the end of Q2, and includes $16M of insurance proceeds for the Troy Mine reclamation.