HECLA SECOND QUARTER 2016 HIGHLIGHTS
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Silver production of 4,241,338 ounces, a 71.2% increase. |
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Gold production of 62,965 ounces, a 40.9% increase. |
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Silver equivalent production of 11,813,131 ounces, a 38.4% increase. 2 |
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Cash, cash equivalents and short term investments of approximately $157 million at 06/30/16, an increase of about $23 million over 03/31/16. |
“Our strategy of accelerating growth has silver and gold production up 71% and 41% over last year just as prices are starting to rise,” said Phillips S. Baker, Jr., Hecla’s President and CEO. “With increased production and higher prices we are generating free cash flow and have more cash than when we started the year. Our increasing production outlook puts Hecla on track for another record setting year of silver production.”
tx for the info goldtooth – good stuff!