Hecla Mining reports Q2 net loss of $13.7 million on lower realized silver and gold prices kitconews gold silver investing finance mining metals economics
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The company said its sales were $191.2 million in second quarter, a 3% increase over the prior quarter despite lower gold and silver prices. The company explained that this negative result was primarily due to lower realized prices for all metals and higher mining costs at Greens Creek caused by increased use of contractors, as well as a negative fair value adjustment primarily due to unrealized losses on the company's investment portfolio.Hecla said that its Board declared a quarterly cash dividend of $0.00625 per share of common stock, consisting of $0.00375 per share for the minimum dividend component and $0.
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