Hecla Mining Scales the Market with Record Profits and Production of Silver.

Join today and be part of the best free investment newsletter on the web where we focus on market moving news.

Hecla Mining Co. announced on Wednesday that they have scaled back to required profits in the fourth quarter on soaring sales and higher silver production. Hecla recorded a profit of $28.7 million, or 11 cents per share, compared with a loss of $40.7 million, or 24 cents per share, during the same period last year. Silver production reached a record in 2009, rising 26 percent from the prior year to 10.9 million ounces.

Full-year earnings were $54.2 million, or 23 cents per share, compared with a loss of $80.2 million, or 57 cents per share, the year before. Revenue rose 53 percent to $312.5 million.

About Hecla Mining Company:

Hecla Mining Company engages in the discovery, acquisition, development, production, and marketing of silver, gold, lead, and zinc. It owns a 100% interest in the Lucky Friday unit located in northern Idaho; a 100% interest in the Greens Creek unit located on Admiralty Island, near Juneau, Alaska; and a 100% interest in the San Sebastian unit in the state of Durango, Mexico. The company produces and sells lead, zinc, and bulk concentrates for custom smelters on contract; and unrefined silver and gold bullion bars for precious metals traders. Hecla Mining Company was founded in 1891 and is headquartered in Coeur d’Alene, Idaho.

You can contact us during market hours at 1-888-9-ClubGrand (1888-925-8247) or via email at staff@wallstreetgrand.com .Gerard@WallStreetGrand.com

 Safe Harbor

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act") including 2009 growth, revenue for the second quarter and year of 2009 and gross margin for the second quarter and year of 2009. Additionally, words such as "seek," "intend," "believe," "plan," "estimate," "expect," "anticipate" and other similar expressions are forward-looking statements within the meaning of the Act. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include the impact of intense competition, the continuation or worsening of current economic conditions and the condition of the domestic and global credit and capital markets.

Disclaimer:

Wall Street Grand LLC has not been compensated by the company for this press release and does not expect to be compensated in the future for any type of awareness. To read our full disclaimer click the link http://www.wallstreetgrand.com/disclosure.html.