DALLAS, Sept. 1, 2009 (GLOBE NEWSWIRE) -- StockPreacher.com announces an investment report featuring precious metals provider Hecla Mining Company (NYSE:HL). The report includes financial and investment analysis, analyst consensus, and pertinent industry information you need to know to make an educated investment decision.
The investment report on Hecla Mining Company (NYSE:HL) should be of particular interest to other precious metals companies: Pan American Silver Corp. (Nasdaq:PAAS), Silver Standard Resources Inc. (Nasdaq:SSRI), Silver Wheaton Corp. (NYSE:SLW) and Goldcorp Inc. (NYSE:GG).
It is available at: http://www.stockpreacher.com/n/HL
Hecla Mining Company (HL) is a provider of precious and base metals to the United States economy and worldwide. The Company acquires, develops, produces and markets silver, gold, lead and zinc. HL 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.
In the report, the analyst notes:
"HL is one of the lowest-cost primary silver producers in North America, producing 8.7 million ounces of silver at an average total cash cost of $4.20 per ounce in 2008. Second-quarter 2009 cash cost-per-ounce declined to $3.38 per ounce compared with $3.43 per ounce in the prior year's comparable period in spite of lower lead and zinc prices which impact by-product credit. This also represents a significant improvement over first-quarter 2009 cash costs of $4.67 per ounce. The improvement was mainly due to greater prices for by-product credits, increased productivity and lower consumable costs.
"Recently, the Company restarted the deep development analysis at Lucky Friday Mine, with a goal of a feasibility study for development and associated infrastructure in the first quarter of 2010. The project has the potential to deliver higher metal production at lower costs, due to the higher grades and wider vein widths. This potential was supported by the highest density of drilling the mine has ever achieved in advance of development and production. Preliminary evaluation indicates grades for all metals are significantly higher than those in HL's current mine plan in the key 6,600 to 7,500 levels."
To read the entire report visit: http://www.stockpreacher.com/n/HL
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