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

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

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.