Hecla Mining Slips To Loss In Q1

(RTTNews) - Hecla Mining Co. (HL) Thursday announced first quarter net loss of $618 thousand compared to profit of $12.55 million last year. On average, 10 analysts polled by Thomson Reuters expected the company to earn $0.01 per share. Analysts estimates usually exclude special items.

Sales of products increased 10 percent to $131.02 million from $119.09 million in the prior year. Wall Street expected $132.78 million.

Silver production increased 61 percent, while Gold production increased 37 percent for the quarter.

The Board declared cash dividend of $0.0025, payable June 3 to shareholders on record May 25.

For the full year 2016, the company expects production of 15 million ounces of silver.