Commodities
Hecla Mining Stocks Surge on Rising Silver Prices and Production
Hecla Mining Company (HL) stocks are trading up by 3.81 percent amidst bullish sentiment on rising silver prices and production.
The company's financials support this upward trend, with a gross margin of around 63% and EBIT margins above 30%. HL's balance sheet has been cleaned up after redeeming remaining senior notes, reducing interest expenses and removing overhang.
HL is viewed as well-positioned in the high-price, deficit silver market, giving it strong leverage to silver moves. The company's polymetallic by-product credits keep its effective silver costs very low, allowing it to stay profitable even when silver prices drop.