Hecla Mining Turns To Profit In Q4 - Quick Facts

(RTTNews) - Silver producer Hecla Mining Co (HL) Wednesday reported fourth-quarter net earnings to stockholders of $16.8 million or $0.05 per share, compared to a loss of $3.0 million or $0.01 per share last year.

Excluding items, adjusted earnings for the quarter were $0.02 per share, compared with a loss of $0.01 per share a year ago.

Sales of product for the quarter were $121.99 million compared with $114.18 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.00 per share on revenues of $126.37 million for the quarter. Analysts' estimates typically exclude special items.

Further, the Board of Directors declared a quarterly dividend of $0.0025 per share of common stock, payable on or about March 23, 2015, to shareholders of record on March 13, 2015. The Company's realized silver price was $16.00 in the fourth quarter and therefore did not satisfy the criteria for a larger dividend under the Company's dividend policy.

The Board of Directors also declared the regular quarterly dividend of $0.875 per share on the 157,816 outstanding shares of Series B Cumulative Convertible Preferred Stock. This represents a total amount to be paid of approximately $138,000. The cash dividend is payable April 1, 2015, to shareholders of record on March 13, 2015.