Sat, Aug 23, 2014, 2:29 AM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Hecla Mining Co. Message Board

  • shulman_knows shulman_knows Jan 20, 2013 9:14 PM Flag

    HL is the loser of the pack

    LF was closed for a year. Backer promised to reopen in late December 2012 and start full scale mining in the first week of January - apparently it did not happen, so I suspect there are problems with MSHA inspection or the new installation doesn't work as it it supposed to.
    All experienced miners left to work for other companies - whom are they hiring to work at LF?
    Ag sale prices were a lot higher in Q3 and HL made only 1 penny per share. For Q4 analysts estimate that HL will make 4 pennies per share and that with Ag prices significantly lower from prior quarter - that's not gonna happen.
    Prepare to lose again.

    I hope I am wrong as I have some HL shares. But the facts just speak for themselves. Other silver miners like CDE, PAAS and EXK are much better investments.

    Sentiment: Hold

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • One of the many "presents" I viewed it was mentioned HL losses were in large part company wise guys betting wrong on "derivities" or futures in sillver. I think they will pull back on the crystol ball watchers. I hope so anyway.

      Sentiment: Hold

      • 1 Reply to jessegw1
      • Jess, HL doesn't hedge Ag, they repeated it everywhere in CCs and 10ks. They do hedge by-products - zinc and tint.
        The cash cost of mining in Greens Creek is very low $0-$2 per once. Thus poor earnings ( one penny per share) were because:
        bloated Genera and Admin expense;
        "record exploration expenses" as they like to boast;
        and frankly speaking, I don't know how they come up with such poor earnings with the lowest cash cost of mining in the industry.

        Sentiment: Hold

 
HL
3.22-0.04(-1.23%)Aug 22 4:02 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Keurig Green Mountain, Inc.
NasdaqGSFri, Aug 22, 2014 4:00 PM EDT
Amicus Therapeutics, Inc.
NasdaqGMFri, Aug 22, 2014 4:00 PM EDT