Wednesday, April 05, 2006

Hecla Mining Company (NYSE:HL) review

Hecla Mining Company (HL) was established in 1891 in northern Idaho’s Silver Valley.
Hecla is a lowest-cost primary silver producer in North America, producing 6 million ounces of silver at an average total cash cost of $2.96 per ounce in 2005. Hecla also produced 140,559 ounces of gold at an average total cash cost of $337 per ounce. The company has exploration properties and operating mines in five major world-class mining districts.

Like Coeur d'Alene Mines Corp. (CDE), Hecla is trading below the first Elliot wave high (2004). Obviously there is still some catch up to do before this veteran mining stock will get more attention.

Hecla Mining Company (NYSE:HL) chart

Hecla Mining Company (NYSE:HL) chart

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