Why Hecla Mining Stock Blasted Higher Today
Extraction company Hecla Mining (NYSE: HL) struck gold on Friday, with its stock price rising at double-digit rates thanks to a production update. The veteran miner's shares rose a steep 13%, easily topping the 0.5% decline of the S&P 500 index on the day.
Late Thursday, Hecla published preliminary figures for its gold and silver production, providing the numbers for both nine-month and third-quarter performances.
The company's main activity, silver mining, saw mixed fortunes. Production of the metal increased by 8% year over year for the first nine months of this year to 11.4 million ounces. Production declined at the same rate for the third quarter, however, dropping to just over 3.5 million ounces.
Source Fool.com
