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Author Topic: HL: Hecla Mining Company
NR
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Anyone know about or own this stock? It is the oldest listed mining company on the NYSE, and the largest primary silver producer in the US, but is trading under 5$/share. 3 Silver mines currently in production, and 1 gold mine as well. The third Silver mine just started production in Dec of last year, and they had record production the first quarter of this year.

http://ir.hecla-mining.com/file/Index?KeyFile=33840921

Posts: 2402 | From: CA | Registered: Jun 2005  |  IP: Logged | Report this post to a Moderator
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Up 16% today
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Over 50% of float is owned by institutions and one is picking up more apparently.

http://www.thevistavoice.org/2016/04/20/hecla-mining-company-hl-stake-increased- by-california-state-teachers-retirement-system/1081771/

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NR
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PDF file of their latest presentation at the European Gold Forum yesterday.

http://ir.hecla-mining.com/file/4130678/Index?KeyFile=1500083910

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This one is still moving up, but has to come back down at some point? Trading over 4$ right now. I plan on tuning in the on the conference call, Thursday, May 5th.

First Quarter 2016 Financial Results Conference Call and Webcast

http://www.businesswire.com/news/home/20160427005375/en/

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New 52wk high on this one today and I took some profit, this thing can't keep going up forever.

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Printing 4.70/share...

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Finally a correction. Back down below 4/shr and now an all stock deal for a nearby property?! Good for the balance sheets, bad for the share price. I don't know anything about the property, except that it is close to two of their operating mines. I need to do some more DD on it.

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NR
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quote:
Originally posted by NR:
Finally a correction. Back down below 4/shr and now an all stock deal for a nearby property?! Good for the balance sheets, bad for the share price. I don't know anything about the property, except that it is close to two of their operating mines. I need to do some more DD on it.

http://www.minesmanagement.com/images/pdfs/Montanore43-101Technical-report.pdf

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The merger with Mines Managment (MGN), if approved, is definitely a long term investment.

http://www.seattletimes.com/business/hecla-mining-to-acquire-mines-management/

It is adjacent to the Rock Creek mine that they acquired in a similar deal last year. Because both mines access the same ore body, there is speculation that they could cut costs by only going in from one side of the mountain, instead of both, but there is a fault line between the two claims that may complicate or prevent this.

http://postimg.org/image/hfa2ocrln/

Several environmental groups and a neighbor both filed lawsuits last month to prevent approval for the project, citing water quality issues, among others.

http://flatheadbeacon.com/2016/04/04/lawsuit-challenges-approval-montanore-mine/

http://clarkfork.org/our-work/what-we-do/current-campaigns/rock-creek-mine/

Apparently this has been a long fight spanning close to two decades, and several companies, and will likely continue for some time, though several major permitting obstacles have been recently overcome.

http://www.silverseek.com/article/mines-management-receives-approval-development -montanore-silver-copper-project-15299

For $30 million in stock, and only diluting the 385 million outstanding shares by 8.5 million, IMO, it will pay off handsomely if they can get past the environmental issues, do some more exploring and then get it into production.

It is one of the biggest undeveloped copper deposits in North America, and is estimated to have a 20-30 year mine life, but we are talking maybe 5-10 years down the line before any ore came out of the ground. That does seem like a long time, but then again, this company has been around for 125 years...

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http://flatheadbeacon.com/2016/05/31/hecla-vows-develop-rock-creek-montanore-min es/

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http://m.cdapress.com/news/local_news/article_143b15de

Hopefully this doesn't turn into a strike. New 52wk high on the rally in Silver prices.

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Happy Valley
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Really nice play here NR, congrats...

Some bullish action with the metals this week too...September exp. GLD calls have been active the last few days and somebody was hitting the December exp. SLV $21s pretty hard today as well. GLTY

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Thanks Happy Valley.

This one closed Friday at 6.05/shr, so I took a bunch more off the table.

There has been news of hostile takeover bid of a company called Dolly Varden Silver Corporation. Apparently Hecla is a major holder and the dispute is over a loan that Hecla made to Dolly Varden.

http://www.hecla-mining.com/wp-content/uploads/2015/10/Hecla-As-Filed-English-ve rsion-of-Take-Over-Bid-Circular-CBB-doc-28....pdf

According to a press release from Dolly Varden, they have already repaid the loan so I really have no idea what is going on here, I'm still doing my DD.

http://www.dollyvardensilver.com/2016/07/04/dolly-varden-silver-repays-heclagips on-loan/

I'm also unsure where anything stands with the labor contract negotiations at the Lucky Friday mine. Last I read they were bringing in special negotiators. I've been following the local Union's FB page, hoping any news will break there first.

There have also been a few insider buys and sells recently but nothing earth shattering. There has also been two analyst upgrades for HL. Currently, the stock just seems to be following Silver prices, which are trading around $20/oz.

Earnings are coming up in about a month, I am hoping they will surprise with both production numbers from San Sebastian and EPS as well, but only time will tell.

I still like this stock long term, and baring a poor earnings report, a strike at the Lucky Friday mine, or a huge drop in silver prices, I will probably take a new position if there are any big dips over the next few months.

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Happy Valley
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Nice, nothing wrong with locking in some more gains...
I like your thesis on the long term prospects here and with the other miners. Major bull flow in GLD again last week, Somebody was not so subtle when they scooped up 46,000 of the June, 2017 GLD $144 calls. Definitely something worth watching IMO.

I'm also watching the SPX, GLD & TLT correlation here...I don't know how long all three can continue making new highs together, it kinda defies all logic. At some point something has to give. JMO

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