Hecla Mining Records Loss In Q4

(RTTNews) - Hecla Mining Co. (HL) Tuesday announced a fourth quarter net loss of $62.963 million or $0.17 per share compared to $16.905 million a year ago.

On average, 8 analysts polled by Thomson Reuters expected the company to record loss of $0.02 per share. Analysts estimates usually exclude special items.

Net sales declined five percent to $115.34 million from $121.98 million last year. Silver production was up 13 percent to 3.6 million ounces, while gold production increased 10 percent to 60,350 ounces. Wall Street was looking for $123.50 million.

Looking ahead, the company expects silver equivalent production to be 39 to 40 million ounces.

The company said its board declared a quarterly dividend of $0.0025 per share, payable on March 30 to shareholders on record March 18. The Board appointed George Johnson and Stephen Ralbovsky as Directors effective March 1, 2016.