Top 5 High Dividend Companies To Own For 2015: Hecla Mining Co (HL)
Hecla Mining Company, incorporated on August 7, 2006, is engaged in discovering, acquiring, developing, producing, and marketing silver, gold, lead and zinc. The Company operates in two segments: the Greens Creek unit and the Lucky Friday unit. Its wholly-owned subsidiary is Hecla Alaska LLC. The Company produces zinc, lead and bulk concentrates at its Greens Creek unit and lead and zinc concentrates at its Lucky Friday unit, which it sells to custom smelters on contract, and unrefined gold and silver bullion bars (dore) at Greens Creek, which are sold directly to customers or further refined before sale to precious metals traders. The concentrates produced at its Greens Creek and Lucky Friday units contain payable silver, zinc and lead, and the concentrates produced at Greens Creek also contain payable gold. During the year ended December 31, 2012, the Company produced 6,394,235 ounces of silver, 55,496 ounces of gold, 21,074 tons of lead and 64,249 tons of Zinc. Effectiv e February 26, 2013, Hecla Mining Company, through its wholly owned subsidiary, acquired a 24.73% stake in Brixton Metals Corp. In June 2013, the Company announced that its acquisition of Aurizon Mines Ltd is complete.
The Greens Creek Unit
Greens Creek is located on Admiralty Island, near Juneau, Alaska. The Greens Creek unit is 100% owned. During the year ended December 31, 2012, Greens Creek contributed 100%, of its consolidated revenue.
The Lucky Friday unit
The Lucky Friday unit is located in northern Idaho. Lucky Friday is 100% owned by the company.
Advisors' Opinion:- [By GuruFocus]
Arnold van den Berg did bought heavily into good miners and oil producers heavily during the first quarter. These companies include Apache (APA), Diamond Offshore Drilling (DO), Randgold (GOLD), Y! amada gold (AUY), Hecla Mining (HL) etc. You can see the complete list of his new buys here.
- [By Jake L'Ecuyer]
Top losers in the sector included Endeavour Silver (NYSE: EXK), off 4 percent, and Hecla Mining Co (NYSE: HL), down 3.5 percent.
Top Headline
Halliburton (NYSE: HAL) posted a profit in the first quarter. Halliburton swung to a quarterly profit of $622 million, or $0.73 per share, versus a year-ago loss of $18 million, or $0.02 per share. Its income from continuing operations came in at $0.73 per share. Its total revenue climbed to $7.35 billion versus $6.97 billion. However, analysts were estimating earnings of $0.72 per share on revenue of $7.26 billion. - [By Dan Caplinger]
Gold fell below the key $1,300 level Thursday, raising new fears about whether the yellow metal's rally to begin 2014 is now over. Yet, mining companies fared well today, with silver specialists Hecla Mining (NYSE: HL ) and Pan American Silver (NASDAQ: PAAS ) posting solid gains of around 2% Thursday. What explains the disconnect that sent SPDR Gold Shares (NYSEMKT: GLD ) down, but Market Vectors Gold Miners (NYSEMKT: GDX ) up?
- [By Aaron Levitt]
Secondly, IAG holds plenty of reserves in the ground — the kind of reserves that a larger miner would want. Shares of IAG haven't been this cheap since before the Great Recession. That means a major miner could come calling and snatch up IAG stock before too long.
Cheap Stocks to Buy Now: Hecla Mining (HL)Like many gold stocks, the silver-focused miners haven't fared so well either. The next of our cheap stocks, Hecla Mining (HL), could be the best buy here.
source from Top Stocks For 2015:http://www.topstocksblog.com/top-5-high-dividend-companies-to-own-for-2015.html
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