Once Lucky Friday resumes production, Hecla sees silver output increasing by 50% over the following four years.
FORBES: Hecla's Lucky Friday Mine Rehabilitation Slightly Ahead Of Schedule, Restart In Early 2013
Most analysts think investors should stand pat on Hecla Mining, with seven of eight analysts rating it hold.
Hecla is aiming for construction to be completed by the end of December.
FORBES: Hecla's Lucky Friday Mine Rehabilitation Slightly Ahead Of Schedule, Restart In Early 2013
Hecla has received approval from MSHA to remove the loose material from the shaft, said Phillips S. Baker Jr.
FORBES: Hecla Officials Anticipate Clean-Up Of Mine Shaft Can Begin In Few Weeks
Hecla Mining Co. shares are currently trading down about 4.8% on the day.
Hecla Mining Co. shares are currently trading down about 1.9% on the day.
Meanwhile, Hecla said it has expanded pre-development and exploration programs at other properties.
FORBES: Update:Hecla Plans To Reopen Lucky Friday Mine In 1Q; Loss Reported In 3Q
Hecla declared a dividend of 2.25 cents per share, payable around Dec. 5 to shareholders of record as of Nov. 27.
FORBES: Update:Hecla Plans To Reopen Lucky Friday Mine In 1Q; Loss Reported In 3Q
Although, the best strategy may not necessarily be to invest in miners, like Yamana Gold (NYSE: AUY) or Hecla Mining (NYSE: HL).
Hecla has recalled all employees necessary to reach full production, Baker said.
FORBES: Update:Hecla Plans To Reopen Lucky Friday Mine In 1Q; Loss Reported In 3Q
Hecla Mining reported profit of 6 cents a year ago, but the consensus estimate calls for earnings per share of 4 cents this time around.
Hecla has also begun preparatory work for sinking of No. 4 Shaft, which is planned to access extensions to reserves, resources and additional exploration targets.
FORBES: Update:Hecla Plans To Reopen Lucky Friday Mine In 1Q; Loss Reported In 3Q
Dines likes, among others, mining concerns Placer Dome (nyse: PDG - news - people ) and Hecla Mines (nyse: HL - news - people ).
When two large copper lodes were discovered at mines in Calumet and Hecla in 1865, the two mine owners joined forces and the merged company became large enough to influence world markets.
Hecla has traditionally been among the largest and lowest-cost silver producers in the U.S. Besides its Greens Creek and Lucky Friday mines, the company has exploration properties in four other mining districts in the U.S. and Mexico.
FORBES: Update:Hecla Plans To Reopen Lucky Friday Mine In 1Q; Loss Reported In 3Q
Radford, vice president of operations at Hecla.
FORBES: Hecla's Lucky Friday Mine Rehabilitation Slightly Ahead Of Schedule, Restart In Early 2013
The stock repurchase program means Hecla is authorized to repurchase up to 20 million shares of its outstanding common stock from time to time, with the purchases expected to occur over the next 24 months, the company said.
Among the largest underlying components of XME, in trading today Hecla Mining Co. ( NYSE: HL) is off about 0.2%, Steel Dynamics Inc. ( NASD: STLD) is down about 0.6%, and Alcoa, Inc. ( NYSE: AA) is lower by about 3.1%.
Among the largest underlying components of XME, in trading today Allied Nevada Gold Corporation ( AMEX: ANV) is down about 0.1%, Royal Gold Incorporated ( NASD: RGLD) is up about 0.1%, and Hecla Mining Company ( NYSE: HL) is up by about 0.5%.
FORBES: Large Inflow Into Mining Fund -- ANV, HL, RGLD Top Holdings
It has also spurred massive interest in miners such as Yamana Gold (NYSE: AUY) and Hecla Mining (NYSE: HL) and has even spawned funds that seek to capture different sections of the gold value chain, such as the Market Vectors Gold Miner ETF (NYSE: GDX).
O'Brien also recommends Goldcorp (nyse: GG - news - people ), Glamis Gold (nyse: GLG - news - people ), Bema Gold (nyse: BGO - news - people ) and Hecla Mining (nyse: HL - news - people ).
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