Dismal third quarter for Hecla
Gold and silver producer Hecla Mining (NYSE) received a blow when it was revealed that the lack of grade continuity at its Grouse Creek gold mine in central Idaho would lead to a significantly shorter…
Hecla Mining Company
Hecla writes down Grouse Creek interest
The third-quarter operating results of Hecla Mining (NYSE) include a nonrecurring asset writedown of its entire 80% interest in the Grouse Creek gold mine in central Idaho.Great Lakes Minerals (TSE) o…
Poor results at Grouse Creek take toll on Hecla, Great Lakes
Following disappointing third-quarter results, Hecla Mining (NYSE) has decided to re-evalutate the Grouse Creek gold mine in central Idaho.The mine, which entered production less than a year ago, is o…
Hecla and Santa Fe in JV near Republic
Santa Fe Pacific Gold (NYSE) can earn a 70% interest in the Golden Eagle deposit from Hecla Mining (NYSE).To do so, the former must spend $7.5 million over three years exploring the deposit, which is …
Hecla passes environmental grade, brings Grouse Creek on stream
At a time when environmental constraints are dissuading many North American mining companies from carrying out work at home, it is reassuring to see an operation overcome these obstacles and reach pro…
STOCK MARKETS — Voisey Bay saga continues to captivate western markets
Western markets were characterized by mixed results at the end of the report period which closed Aug. 8. The Vancouver Stock Exchange resource index dropped by more than nine points to 1,296.03, while…
Great Lakes to focus on Lluvia de Oro mine
Now that its proposed merger with Geomaque (TSE) has been derailed, Great Lakes Minerals (TSE) intends to focus on doubling its gold production by bringing into production the Lluvia de Oro project in…
Alaskan legislation aims to increase exploration
Legislation aimed at increasing the level of mineral exploration in Alaska has been passed.Bill 197, known as the mining incentive bill, provides a 100% credit for all eligible exploration costs that …
Consolidated Silver to acquire stake in Mexican silver play
Emerging from several years of dormancy, Consolidated Silver (NASDAQ) is trying to gain a footing in the industry.Under an agreement with Hecla Mining (NYSE) which owns 67% of Consolidated, the junior…
Hecla Mining moves closer to turnaround
Despite a considerable improvement over the same period of 1994, Hecla Mining’s (NYSE) report for the recent first quarter was marred with red ink.A US$10-million rise in revenue to US$37 million did …