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Hecla Mining: 2Q Earnings Snapshot

August 7, 2019

COEUR D`ALENE, Idaho (AP) _ Hecla Mining Co. (HL) on Wednesday reported a second-quarter loss of $46.5 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Coeur d`Alene, Idaho-based company said it had a loss of 10 cents. Losses, adjusted for asset impairment costs and non-recurring costs, came to 7 cents per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.

The precious metals company posted revenue of $134.2 million in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $154.9 million.

The company’s shares closed at $1.99. A year ago, they were trading at $3.01.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HL at https://www.zacks.com/ap/HL

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