Hecla Mining verSILBERt das Depot
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| Eröffnet am: | 20.04.06 10:48 | von: luxa | Anzahl Beiträge: | 29 |
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Hecla Mining ist ein fast reinrassiges Produktionsunternehmen für Silber.
Anscheinend sollen die Produktionskosten pro Unze Silber bei nur 2,96 USD liegen und damit die niedrigsten in der Branche. Damit hat das Unternehmen bei weiter anziehendem Silberpreis (aktuell 14,20 pro Unze Silber) den größten Gewinnhebel, da keine Hedges vorgenommen werden (zumindest in der Vergangenheit nicht). Die Verkäufe der Produktion werden folglich sehr nahe am Marktpreis liegen und damit voll auf die Gewinne durchschlagen. Wir werden sehen! Was meint Ihr dazu?
So long
Weitere fundamentale Gründe für das Silber sind ja auch in diversen Foren zu lesen. Jedenfalls hoffe ich dass Hecla Mining rocken wird!
So long
10:11 22.04.06
Nach dem der Preis für Silber die Marke von 15 US-Dollar je Feinunze nicht durchbrechen konnte, brach der Silberpreis um über 12 % auf rund 12 US-Dollar ein. Der Silbermarkt war in den letzten Wochen „ heiß „ gelaufen. Immer mehr Private Anleger und Fonds haben ihr Geld in Silber investiert und trieben so die Notierungen weiter nach oben. Experten gehen davon aus, dass der Silberpreis langfristig fester tendieren sollte. So ist das Angebot an Silber weiterhin knapp. Die Nachfrage steigt stetig an. Das Angebot an Silber sollte in den nächsten Jahren nur leicht zunehmen. Es gibt zur Zeit nur noch wenige reine Silberminen, Silber fällt vor allem als Nebenprodukt beim Abbau von Kupfer, Blei, Zink und Gold an. Nur wenn hier neue Minen eröffnet werden, nimmt auch das Silberangebot zu. Durch den steigenden Ölpreis steigt die Gefahr vor Inflation, auch dieses treibt die Anleger in den sicheren Hafen ( wie z.B. Gold und Silber ). Der ETF von Barclays könnte den Silberpreis langfristig ebenfalls wieder steigen lassen.
weitere Analysen zu Rohstoffen ( u.a. Gold, Silber, Platin und Kupfer ) und Aktien finden Sie auf unserer Internetseite www.aktieneinblick.de
Inzwischen ist der Silberverbrauch wieder gestiegen, da osteuropäische und asiatische Staaten auf physische Filme setzen. Erschwerend kommt hinzu, dass das Silber aus den Filmen in diesen Ländern NICHT recycelt wird. In den westlichen Industriestaaten werden zumindest 50-60 Prozent wiedergewonnen! Beim Gold ist die Recycling-Quote höher, weil Gold hauptsächlich als Schmuck verarbeitet wird. Aber das Silber, welches die Industrie verwendet, ist ein für allemal vom Markt verschwunden!
Darüber hinaus fragt die Automobilindustrie Silber nach. Für die Kontakte in den vielen Kleinstmotoren, die in einem Fahrzeug vorhanden sind, braucht man Silber. Nur rund 1,5 Unzen pro Fahrzeug, aber bei den Millionen vom Band laufenden Autos eine enorme Menge.
Ein weiterer Katalysator ist die geplante Auflegung eines Exchange Traded Fonds (ETF) auf Silber. Um so einen Fonds aufzulegen, müssten 130(!) Mio. Unzen gekauft werden, was der Markt überhaupt nicht hergibt. Diese Menge entspricht den an den Märkten frei verfügbaren Silber-Reserven!
Und das Angebot? Die Wiederbelebung von stillgelegten Silberminen dauert mindestens zwei Jahre und die produzierenden Minengesellschaften haben ihre Bestände über Jahre hinaus bereits im Vorfeld verkauft. Für 2006 erwarten Branchenexperten ein Angebotsdefizit von 35-40 Mio. Unzen!
Quelle: www.wallstreet-online.de
So long
Die mit den kleinsten hat auch den kleinsten Hebel - die geht aber auch bei Durststrecken nicht gleich pleite.
So long
Silber – Beginn der Korrektur?
Der Silberpreis legte in den letzten Wochen eine fulminante
Rallye hin und markierte letzte Woche sogar ein 23-Jahreshoch.
Die eingeleitete Korrektur ließ jedoch nicht lange auf sich warten.
Zu Beginn der Woche wurde die charttechnisch signifikante
Unterstützung von 12,50 Dollar unterschritten. Fundamental
betrachtet sind die Aussichten für eine Erholung jedoch nicht
schlecht. DIE PRODUKTIONSKAPAZITÄTEN von Silber sind im Gegensatz zur unendlich zu steigernden Papiergeldproduktion begrenzt, was Silber zu einem seltenen und kostbaren
Werterhaltungsmedium gemacht hat. Rohstoffexperten schätzen, dass es noch
100 bis 250 Mio. Unzen an Silber als Lagerbestände gibt. Auch das bestehende Ungleichgewicht zwischen Angebot und Nachfrage sollte sich unterstützend auf den Silberpreis auswirken. Während das Angebot stetig sinkt, steigt die weltweite Nachfrage nach Silber kontinuierlich an. Dieses Phänomen ist bereits seit gut 15 Jahren zu beobachten.
Für einen weiteren Nachfrageschub spricht auch der kürzlich ins Leben gerufene Silberfonds.
Die US-Börsenaufsicht SEC hat ihre Regularien hinsichtlich der Zulassung
eines ETF (Exchange Traded Fund) für dasEdelmetall Silber erst kürzlich geändert.
Von dieser Seite steht nun der Notierung des ersten Silberfonds an der Amex nichts
mehr entgegen. Für weitere Fantasie könnte der Einsatz des Silbers in der Medizin sorgen.
Wurde Silber lange Zeit fast ausschließlich in der Schmuckindustrie verwendet, so
hat sich dieses Bild grundlegend geändert. Gerade einmal fünf Prozent des weltweit
geförderten Edelmetalls wandern in die Schmuckindustrie, die restlichen 95 Prozent
werden industriell verarbeitet. In der Medizin wird Silber momentan hauptsächlich
als Desinfektionsmittel und Therapeutikum bei der Wundheilung angewandt. Bullish gestimmte, spekulativ agierende Anleger können mit dem Long-Hebelzertifikat von der SG
(WKN SG0F77) überproportional an weiterenKurssteigerungen (Hebelfaktor 5,88, Stand
21.04.06), partizipieren, während short-gestimmte Investoren mit dem Hebelzertifikat
der UBS (WKN UB9540) an fallenden Kursen verdienen. Die Knock-out-Schwelle liegt bei
diesem Hebelzertifikat bei 15,00 USD. Bei Hebelzertifikaten gilt jedoch, dass entgegen
der Markterwartung laufende Kurse überproportional hohe Verluste für den Anleger bedeuten, die im schlimmsten Fall sogar zum Totalverlust des eingesetzten Kapitals führen können.
Quelle: Börse am Sonntag
American Stock Exchange Launches iShares Silver Trust
NEW YORK, April 28 /PRNewswire/ -- The American Stock Exchange(R) (Amex(R)) announced today that it has launched trading in its fourth commodity-linked investment product with the launch of the iShares Silver Trust(R) by Barclays Global Investors.
"The American Stock Exchange is proud to be leading the industry in bringing new and innovative products to the marketplace," said Cliff Weber, Senior Vice President of the ETF Marketplace. "The iShares Silver Trust is the latest in a growing list of commodity-related products that have listed on the Amex and we are pleased to be partnering with BGI to launch this new trust."
The specialist for the iShares Silver Trust is Goldman Sachs Execution and Clearing LP.
About the American Stock Exchange
The American Stock Exchange(R) (Amex(R)) is the only primary exchange that offers trading across a full range of equities, options and exchange traded funds (ETFs), including structured products and HOLDRS(SM). In addition to its role as a national equities market, the Amex is the pioneer of the ETF, responsible for bringing the first domestic product to market in 1993. Leading the industry in ETF listings, the Amex lists 166 ETFs. The Amex is also one of the largest options exchanges in the U.S., trading options on broad-based and sector indexes as well as domestic and foreign stocks. For more information, please visit http://www.amex.com/.
Quelle: http://www.finanznachrichten.de/...ichten-2006-04/artikel-6354280.asp
Hecla Mining Company (NYSE:HL) today reported first quarter net income of $38.4 million, or $0.32 per share, compared to a net loss of $3.3 million, or $0.03 per share, during the same period of 2005. Hecla's gross profit more than doubled from the same period a year ago, the average total cash cost per ounce of silver production decreased 21% and gold production increased 51% over the first quarter of 2005. First quarter net income is primarily attributable to a gain of $35.6 million, net of income taxes, on the sale of a stock investment and increased gross profit due to rising metals prices. Excluding the gain on sale of investments, Hecla's net income totaled $2.8 million, or $0.02 per common share, an improvement of $6.1 million over the first quarter of 2005.
Hecla's diversity of operations continues to deliver low-cost production and less risk. From its U.S.-based mines, Hecla continues to have extremely low silver production costs with first quarter production of 1.2 million ounces at an average total cash cost per ounce of $2.05. As a result, Hecla's estimated total average cash cost for silver in 2006 has been reduced to $2.25 per ounce. Gold production in the first quarter was over 42,000 ounces at an average total cash cost per ounce of $357, with a total average cash cost for the year expected in the range of $350-$375 per ounce of gold.
The price of silver averaged $9.69 per ounce, with an average realized price of gold of $558 per ounce during the first quarter. Hecla's President and Chief Executive Officer, Phillips S. Baker, Jr., said, "This is the start of a great year. We continue to be on track to show further operational improvements, and precious and base metals prices are now above those experienced during the first quarter and all of last year. The price of silver is in the range to really show profits while at the same time allowing significant investments in the future through exploration. Our mines are easily supplying the cash flow we need to fund this effort. Our exploration work on the Hugh Zone silver discovery in Mexico is getting more exciting as each exploration dollar is spent, and we're making good progress on the Hollister Development Block gold project, increasing the resource at Lucky Friday, further delineating the new West Gallagher zone at Greens Creek, and Venezuelan exploration is advancing targets at both La Camorra and Block B. Truly, Hecla has low-risk exploration potential as yet unrecognized by the market, as well as tremendously undervalued properties at these increased metals prices. Those factors, along with what we believe is a precious metals bull market with some legs on it, bodes well for our stock price."
FIRST QUARTER 2006 HIGHLIGHTS
-- Gross profit of $11.7 million, a 115% increase from the first quarter a year ago
-- Revenues of $39.8 million, a 63% increase from the first quarter a year ago
-- 1.2 million ounces of silver produced at an average total cash cost of $2.05 per ounce, a 21% decrease in production costs compared to the same period of 2005
-- 42,419 ounces of gold produced, a 51% quarter-on-quarter production increase, including production of 37,620 ounces from Venezuela at an average total cash cost of $357 per ounce
-- A 25% decrease in estimated silver total average cash cost for 2006 to $2.25 per ounce; estimate for total average cash cost per ounce of gold increased to a range of $350-$375
-- 38% increase in average silver price and 30% increase in average realized gold price compared to the first quarter 2005
-- The La Camorra mine reached its one-millionth ounce of production
-- Shares of Alamos Gold Inc. sold in January, generated a $35.6 million gain, net of income taxes, and $57 million in cash
-- Continued focus on exploration and pre-development, with increasing optimism toward the West Gallagher at Greens Creek in Alaska, the Hugh Zone discovery in Mexico and positive exploration drilling below the current resource at Lucky Friday in Idaho
OPERATIONS AND EXPLORATION
Overall, operations performed well during the first quarter and silver production is expected to increase during the second half of the year, as development of the 5900 level at the Lucky Friday silver mine is finished and ground rehabilitation is completed at Greens Creek. Hecla's anticipated 2006 production is approximately 6 million ounces of silver and 150,000 ounces of gold. Baker said, "Our silver operations, all U.S. based, are outperforming our previous cost per ounce estimates and last year's already low costs. Our gold operations in Venezuela are giving us great cash flow as the La Camorra Unit begins to realize the benefits of Mina Isidora, although we have increased our cash cost per ounce estimate for gold production in 2006 because of currency exchange controls, lower productivity at the La Camorra mine and royalties tied to the price of gold. We are taking a number of steps to minimize the impact of currency restrictions and to improve productivity."
Greens Creek -- Of the total silver mined by Hecla during the first quarter of 2006, half came from the Greens Creek silver mine in Alaska, operating since 1986, in which Hecla holds an approximate 30% interest. For the first quarter of 2006, Greens Creek provided 614,094 ounces of silver for Hecla's account, at the very low average total cash cost per ounce of negative $1.28, the result of high by-product credits from gold, zinc and lead. A ground control rehabilitation program continued at Greens Creek during the first quarter, which slightly impacted production at the mine, just as it did during the fourth quarter of 2005. This program should be complete by the second half of the year, with a commensurate increase in production. Assay results from approximately 25% of the 130 holes drilled into the West Gallagher have been received. The exploration program has clearly identified a significant ore-grade resource in the West Gallagher. A large, lower-grade mineralized area surrounds the ore-grade resource. The resource continues to be open to the west and the south. Geophysical work shows a large conductor to the west, strongly indicating additional ore. The potential is good for a minable resource, typical in size to the other productive ore zones at Greens Creek. Greens Creek personnel are currently developing additional drill platforms and will begin drilling the indicated extensions in the third quarter. A resource estimate based on the drilling to date is expected by the fourth quarter.
Lucky Friday -- The Lucky Friday mine, operating since 1942 in northern Idaho, produced 626,792 ounces at an average total cash cost of $5.31 per ounce of silver during the first quarter of 2006, continuing its improvement from the fourth quarter of last year as the mine works toward achieving its planned annual production rate of 4 million ounces by the middle of 2006. The first full year of production at that rate is expected to be 2007. The 35% increase in silver production and considerably lower costs compared to the fourth quarter 2005 are a result of the new development on the 5900 level of this deep underground mine, where some early production has been achieved. However, the bulk of the production in the first quarter was still from the nearly mined-out 4900 level. Once most of the production is coming from the new 5900 level later in the year, it is anticipated that costs will decrease and production will increase even more because the new development is in the heart of the identified reserve, reducing haulage time.
Five exploration holes completed in the first quarter all returned ore grade intercepts on one or more veins. All five intercepts are outside the current resource estimate. Baker said, "I fully expect to increase the known resource at the Lucky Friday, where we already have as much resource identified as has been mined during the past 33 years at this great silver mine. The main vein in the expansion area is very robust, as evidenced by assays from our deepest exploration hole at the 6900 level, which is already 1,000 feet below our current mining level and 500 feet below our current resource. In fact, based on the geology, we believe we will continue to see this type of mineralization another 1,000 feet below the 6900 level and even beyond. This mine continues to provide good news in every aspect of the business: operations, safety and exploration."
La Camorra -- Hecla has been operating the La Camorra Unit in Venezuela since 1999, made up of the original La Camorra mine and the newly developed Mina Isidora, which is located about 100 kilometers north of the La Camorra mine. All ore from both deposits is processed through the mill at the La Camorra mine, which produced its one-millionth ounce during the first quarter of 2006. In the first quarter of 2006, the La Camorra Unit produced 37,620 ounces of gold, a 72% increase over the first quarter a year ago, due primarily to Mina Isidora production. The average total cash cost per ounce of gold was $357, including approximately $22 per ounce for obsolete supply inventory, compared to $294 per ounce in the same period of 2005. As mining progresses deeper in the older La Camorra deposit where the grade is decreasing, there are fewer mining headings, limiting flexibility and production and resulting in a decrease in tons mined from that deposit. That lower volume, costs associated with mining deeper and unfavorable currency exchange controls have resulted in a mining cost per ton increase at the La Camorra Unit. This cost increase occurred despite completion of a shaft at the La Camorra mine, which was originally intended to alleviate some of the costs of mining at depth. Even so, at the current gold price, cash margins remain healthy. However, there is enough uncertainty in some of the cost factors that the 2006 estimate of average total cash cost of production for gold has been increased to $350-$375 per ounce.
Late in the first quarter of 2006, Hecla began selling gold to the local market as required by Venezuelan law (which specifies that 15% of gold production be sold within the country). Hecla expects to sell the gold now inventoried over a number of quarters.
Exploration on Hecla's Block B in Venezuela, where Mina Isidora is located, began again in the first quarter, after completing the fourth quarter reserve analysis. Drilling results are not yet available. On the El Dorado concessions where the La Camorra mine is located, the immediate focus has turned from identifying deep resources to targeting shallower targets along strike of the deposit. There is good evidence of additional mineralization on the concessions that could be drilled from the surface once exploration permits are obtained.
The small mining cooperative program initiated by Hecla in Venezuela continues to reflect the company's values by helping the local communities and maintaining good government relations. The program includes funding and training small mining cooperatives to improve their technical, safety and environmental practices. In return, Hecla retains half of the ore it processes for the miners.
San Sebastian -- The Hugh Zone, which is an extension of the Francine vein at Hecla's San Sebastian property near Durango, Mexico, now shows persistent mineralization along a 2-kilometer strike length. Baker said, "The Hugh Zone continues to give us encouragement that we have a large minable deposit, if the mineralization proves continuous. Our aim of doubling the potential resource looks very good and we expect to confirm that later this year." Drilling is still widespread on this very large deposit, which is located on the Francine vein about 300 meters beneath the silver-rich zone that Hecla mined out last year. The Hugh Zone remains open at depth and to the east and west, and drilling from the surface will continue in the second quarter. Preliminary analysis shows net smelter returns of up to $800 per ton at current metals prices in some of the higher-grade areas of the deposit. The average production cost during the life of the San Sebastian mine (which included the upper levels of the Francine vein) was approximately $90 per ton.
More than two years of well-executed, systematic geologic work has begun to give Hecla a real understanding of the genesis of the deposits on the 200-square-mile San Sebastian property position. The current geologic understanding in the district is supporting a belief in the potential for more, and even bigger, deposits on these trends. According to Baker, "Our holdings in the Saladillo Valley may well become the next major mining district in Mexico. Three factors make me say that: First, this property appears to be the intersection of three major structural trends with a major intrusive lying at this intersection. This is probably the key to the high-grade mineralization we have mined there in the past. Second, the Hugh Zone is evidence of a stacked mineralized system similar to the 1.3-billion-ounce Guanajuato silver district just 340 miles to the southeast. And finally, this has very similar sulfidation stages to those seen in the 1.1-billion-ounce Fresnillo silver district 150 miles to the southeast." Based on this geologic understanding, drilling programs are planned for the north end of the San Sebastian property, as well as three or four other targets later this year.
Hollister Development Block -- Underground drilling at the Hollister Development Block gold exploration project in Nevada commenced during the first quarter and is continuing in the second quarter. Approximately 15% of the planned drilling is complete, with assays pending. A decision on whether the high-grade gold deposit is continuous enough to be economically mined is expected in early 2007. Hecla is earning into a 50/50 joint venture participation on the project with Great Basin Gold.
FINANCIAL
Hecla's balance sheet remains strong with no long-term debt and $54.2 million of cash and short-term investments. In addition, Hecla has a $30 million credit facility to draw upon if acquisition or capital improvement opportunities arise. The company has no silver or gold production sold forward.
During the first quarter, Hecla recognized an after-tax gain of $35.6 million on the sale of Alamos Gold Inc. stock, which was subject only to a U.S. alternative minimum tax of 2% to a historical tax loss carryforward. Hecla had invested $21 million in the stock and sold the position in January 2006, for cash proceeds of $57 million.
In the second quarter of 2006, income of $4.4 million is expected to be recognized from the sale of the Noche Buena gold exploration property in Mexico. A determination was made that the deposit did not fit Hecla's operating parameters, so the property was sold.
OTHER
In late April, the Idaho Supreme Court ruled in favor of Hecla on all counts in a lawsuit brought by Independence Lead Mines regarding the Lucky Friday mine. The Court agreed that Hecla had in all ways acted in a prudent manner in its management of the Lucky Friday. There is no avenue of appeal available to the plaintiffs, so the matter is now closed.
During the first quarter, the Board of Directors of Hecla Mining Company appointed Philip C. Wolf to the position of Vice President and General Counsel. Wolf will provide legal counsel for Hecla's business activities and is also responsible for the environmental and land departments. Wolf has more than 30 years of legal experience, the majority of it in the mining industry with Cyprus Amax Minerals and Amoco Minerals Company. After Hecla's Annual Meeting of Shareholders, Wolf will also take over the position of Corporate Secretary.
The Annual Meeting of Shareholders of Hecla Mining Company takes place this Friday, May 5, at 10:30 a.m. PT at the Coeur d'Alene Inn in Coeur d'Alene, Idaho. At that meeting, Arthur Brown will retire as Chairman of the Board, after 39 years with Hecla. Another long-time Hecla director, John Clute, is also retiring from the Board after 25 years of service to the company. Michael B. White, who was Hecla's Corporate Secretary for 15 years, will also retire. Baker said, "The good counsel of all three of these very experienced men will be acutely missed, but they have certainly earned a long and happy retirement. We wish them all the best, and thank them for their integrity, loyalty and guidance."
Hecla Mining Company, headquartered in Coeur d'Alene, Idaho, mines, processes and explores for silver and gold in the United States, Venezuela and Mexico. A 115-year-old company, Hecla has long been well known in the mining world and financial markets as a quality silver and gold producer. Hecla's common and preferred shares are traded on the New York Stock Exchange under the symbols HL and HL-PrB.
Statements made which are not historical facts, such as anticipated payments, litigation outcome, production, sales of assets, exploration results and plans, costs, and prices or sales performance are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, and involve a number of risks and uncertainties that could cause actual results to differ materially from those projected, anticipated, expected or implied. These risks and uncertainties include, but are not limited to, metals price volatility, volatility of metals production and costs, exploration risks and results, political risks, project development risks, labor issues and ability to raise financing. Refer to the company's Form 10-Q and 10-K reports for a more detailed discussion of factors that may impact expected future results. The company undertakes no obligation and has no intention of updating forward-looking statements.
Cautionary Note to Investors -- The United States Securities and Exchange Commission permits mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms in this news release, such as "resource," "reserve," and "inferred resource" that the SEC guidelines strictly prohibit us from including in our filing with the SEC. U.S. investors are urged to consider closely the disclosure in our Form 10-K. You can review and obtain copies of these filings from the SEC's website at http://www.sec.gov/edgar.shtml.
HECLA MINING COMPANY
(dollars in thousands, except per share, per ounce and per
pound amounts - unaudited)
First Quarter Ended
--------------------
HIGHLIGHTS Mar. 31, Mar. 31,
2006 2005
--------------------------------------------------
FINANCIAL DATA
--------------------------------------------------
Sales:
Silver operations (2) $ 24,215 $ 14,744
Gold operations 15,575 9,690
---------- ----------
Total sales $ 39,790 $ 24,434
Gross Profit:
Silver operations (2) $ 9,986 $ 3,162
Gold operations 1,747 2,303
---------- ----------
Total gross profit $ 11,733 $ 5,465
Net income (loss) $ 38,394 $ (3,296)
Income (loss) applicable to common
shareholders $ 38,256 $ (3,434)
Basic income (loss) per common share $ 0.32 $ (0.03)
Cash flow used in operating activities $ (303) $ (6,985)
Net cash provided by (used in) operating
activities before exploration and
pre-development expenses (1) $ 4,579 $ (2,059)
--------------------------------------------------
PRODUCTION SUMMARY - TOTALS
--------------------------------------------------
Silver - Ounces 1,240,886 1,418,263
Gold - Ounces 42,419 28,122
Lead - Tons 5,209 4,896
Zinc - Tons 5,569 5,946
Average cost per ounce of silver produced (2):
Cash operating costs ($/oz.) 1.80 2.49
Total cash costs ($/oz.) (3) 2.05 2.60
Total production costs ($/oz.) 4.19 4.12
Average cost per ounce of gold produced (4):
Cash operating costs ($/oz.) 348 285
Total cash costs ($/oz.) (3) 357 294
Total production costs ($/oz.) 508 358
--------------------------------------------------
AVERAGE METAL PRICES
--------------------------------------------------
Silver - London Fix ($/oz.) 9.69 7.00
Gold - Realized ($/oz.) 558 429
Gold - London Final ($/oz.) 554 427
Lead - LME Cash (cents/pound) 56.3 44.4
Zinc - LME Cash (cents/pound) 101.9 59.7
(1) Net cash provided by (used in) operating activities before
exploration and pre-development expenses represents a non-U.S.
generally accepted accounting principle (GAAP) measurement. The
following table presents a reconciliation between cash flow used
in operating activities to non-GAAP net cash provided by (used in)
operating activities before exploration and pre-development
expenses for the quarters ended March 31, 2006 and 2005:
Cash flow used in operating activities $ (303) $ (6,985)
Add exploration 3,388 2,792
Add pre-development expenses 1,494 2,134
------- --------
Net cash provided by (used in) operating
activities before exploration and
pre-development expenses $ 4,579 $ (2,059)
======= ========
(2) Includes gold produced at silver properties, which is treated as a
by-product credit in the calculation of silver costs per ounce.
(3) Total cash costs per ounce of silver and gold represent non-U.S.
generally accepted accounting principles (GAAP) measurements. A
reconciliation of total cash costs to cost of sales and other
direct production costs (GAAP) can be found in the cash costs per
ounce reconciliation section of this news release. For additional
information, see note (1) on the cash costs per ounce
reconciliation section.
(4) For the quarters ended March 31, 2006 and 2005, this includes gold
produced from third-party mining operations located near the La
Camorra mine, which is treated as a by-product credit and included
in the calculation of gold costs per ounce.
HECLA MINING COMPANY
Consolidated Statements of Operations
(dollars and shares in thousands, except per share
amounts - unaudited)
First Quarter Ended
-------------------
Mar. 31, Mar. 31,
2006 2005
--------- -----------
Sales of products $ 39,790 $ 24,434
-------- ---------
Cost of sales and other direct production costs 19,910 15,143
Depreciation, depletion and amortization 8,147 3,826
-------- ---------
28,057 18,969
-------- ---------
Gross profit 11,733 5,465
-------- ---------
Other operating expenses:
General and administrative 3,100 2,642
Exploration 3,388 2,792
Pre-development expenses 1,494 2,134
Depreciation and amortization 309 146
Other operating expenses 240 692
Provision for closed operations and
environmental matters 715 334
-------- ---------
9,246 8,740
-------- ---------
Income (loss) from operations 2,487 (3,275)
-------- ---------
Other income (expense):
Gain on sale of investments 36,422 - -
Interest and other income 607 430
Interest expense (127) (33)
-------- ---------
36,902 397
-------- ---------
Income (loss) from operations, before income
taxes 39,389 (2,878)
Income tax provision (995) (418)
-------- ---------
Net income (loss) 38,394 (3,296)
Preferred stock dividends (138) (138)
-------- ---------
Income (loss) applicable to common shareholders $ 38,256 $ (3,434)
======== =========
Basic and diluted income (loss) per common
share after preferred stock dividends $ 0.32 $ (0.03)
======== =========
Basic weighted average number of common shares
outstanding 118,756 118,381
======== =========
Diluted weighted average number of common shares
outstanding 119,288 118,381
======== =========
HECLA MINING COMPANY
Consolidated Balance Sheets
(dollars and shares in thousands - unaudited)
Mar. 31, Dec. 31,
2006 2005
--------------------------------------------------
ASSETS
--------------------------------------------------
Current assets:
Cash and cash equivalents $ 42,156 $ 6,308
Short-term investments and securities held for
sale 12,000 40,862
Accounts and notes receivable 22,267 17,595
Inventories 28,019 25,466
Other current assets 4,903 3,546
--------- ---------
Total current assets 109,345 93,777
Investments 3,780 2,233
Restricted cash and investments 20,576 20,340
Properties, plants and equipment, net 137,339 137,932
Other noncurrent assets 21,959 17,884
--------- ---------
Total assets $ 292,999 $ 272,166
========= =========
--------------------------------------------------
LIABILITIES
--------------------------------------------------
Current liabilities:
Accounts payable and accrued expenses $ 16,323 $ 16,684
Dividends payable 138 138
Accrued payroll and related benefits 9,942 10,452
Accrued taxes 3,505 2,529
Current portion of debt 1,060 - -
Current portion of accrued reclamation and
closure costs 6,365 6,328
--------- ---------
Total current liabilities 37,333 36,131
Long-term debt - - 3,000
Accrued reclamation and closure costs 62,178 62,914
Other noncurrent liabilities 9,437 8,791
--------- ---------
Total liabilities 108,948 110,836
--------- ---------
--------------------------------------------------
SHAREHOLDERS' EQUITY
--------------------------------------------------
Preferred stock 39 39
Common stock 29,775 29,651
Capital surplus 511,100 508,104
Accumulated deficit (357,836) (396,092)
Accumulated other comprehensive income 1,091 19,746
Treasury stock (118) (118)
--------- ---------
Total shareholders' equity 184,051 161,330
--------- ---------
Total liabilities and shareholders' equity $ 292,999 $ 272,166
========= =========
Common shares outstanding at end of period 119,093 118,594
========= =========
HECLA MINING COMPANY
Consolidated Statements of Cash Flows
(dollars in thousands - unaudited)
First Quarter Ended
-------------------
Mar. 31, Mar. 31,
2006 2005
--------------------------------------------------
OPERATING ACTIVITIES
--------------------------------------------------
Net income (loss) $ 38,394 $ (3,296)
Noncash elements included in net income (loss):
Depreciation, depletion and amortization 8,456 3,972
Gain on sale of investments (36,422) - -
(Gain) loss on disposition of properties, plants
and equipment (22) 14
Gain on sale of royalty interests (341) (550)
Provision for reclamation and closure costs 98 253
Stock compensation 271 161
Change in assets and liabilities:
Accounts and notes receivable (7,059) (619)
Inventories (2,553) (3,695)
Other current and noncurrent assets (2,098) (1,614)
Accounts payable and accrued expenses (352) (598)
Accrued payroll and related benefits 456 (575)
Accrued taxes 976 (24)
Accrued reclamation and closure costs and other
noncurrent liabilities (107) (414)
-------- --------
Net cash used in operating activities (303) (6,985)
-------- --------
--------------------------------------------------
INVESTING ACTIVITIES
--------------------------------------------------
Additions to properties, plants and equipment (7,885) (9,815)
Proceeds from sale of investments 57,423 - -
Proceeds from disposition of properties, plants
and equipment - - 17
Purchase of short-term investments (20,200) (44,694)
Maturities of short-term investments 8,200 42,721
Increase in restricted investments (236) (133)
-------- --------
Net cash provided by (used in) investing
activities 37,302 (11,904)
-------- --------
--------------------------------------------------
FINANCING ACTIVITIES
--------------------------------------------------
Common stock issued under stock option plans 846 161
Dividends paid to preferred shareholders (138) (138)
Other financing activities 81 - -
Borrowings on debt 4,060 - -
Repayments of debt (6,000) - -
-------- --------
Net cash provided by (used in) financing
activities (1,151) 23
-------- --------
Net increase (decrease) in cash and cash
equivalents 35,848 (18,866)
Cash and cash equivalents at beginning of period 6,308 34,460
-------- --------
Cash and cash equivalents at end of period $ 42,156 $ 15,594
======== ========
HECLA MINING COMPANY
Production Data
First Quarter Ended
-------------------
Mar. 31, Mar. 31,
2006 2005
--------------------------------------------------
GREENS CREEK UNIT (Reflects Hecla's 29.73% share)
--------------------------------------------------
Tons of ore milled 51,888 55,045
Days of operation 84 83
Mining cost per ton $ 34.52 $ 33.38
Milling cost per ton $ 23.79 $ 20.39
Ore grade milled - Silver (oz./ton) 15.53 21.42
Silver produced (oz.) 614,094 896,871
Gold produced (oz.) 4,728 6,200
Lead produced (tons) 1,615 1,847
Zinc produced (tons) 4,537 5,122
Average cost per ounce of silver produced (2):
Cash operating costs $ (1.78) $ 0.87
Total cash costs (1) $ (1.28) $ 1.05
Total production costs $ 1.95 $ 3.35
Capital additions (in thousands) $ 1,987 $ 420
--------------------------------------------------
LUCKY FRIDAY UNIT
--------------------------------------------------
Tons of ore processed 63,724 42,795
Days of operation 69 45
Mining cost per ton $ 51.13 $ 66.77
Milling cost per ton $ 11.38 $ 8.21
Ore grade milled - Silver (oz./ton) 11.01 12.99
Silver produced (oz.) 626,792 521,392
Lead produced (tons) 3,594 3,049
Zinc produced (tons) 1,032 824
Average cost of silver produced:
Cash operating costs $ 5.30 $ 5.26
Total cash costs (1) $ 5.31 $ 5.26
Total production costs $ 6.39 $ 5.46
Capital additions (in thousands) $ 2,101 $ 1,811
--------------------------------------------------
LA CAMORRA UNIT
--------------------------------------------------
Tons of ore processed 54,547 50,332
Days of operation 84 83
Mining cost per ton $ 123.24 $ 62.02
Milling cost per ton $ 16.59 $ 12.24
Ore grade milled - Gold (oz./ton) 0.701 0.448
Gold produced (oz.) 37,620 21,860
Average cost per ounce of gold produced:
Cash operating costs $ 348 $ 285
Total cash costs (1) $ 357 $ 294
Total production costs $ 508 $ 358
Capital additions (in thousands) $ 3,705 $ 7,338
(1) Total cash costs per ounce of silver and gold represent non-U.S.
generally accepted accounting principles (GAAP) measurements. A
reconciliation of total cash costs to cost of sales and other
direct production costs (GAAP) can be found in the cash costs per
ounce reconciliation section of this news release.
(2) Gold produced is treated as a by-product credit in calculating
silver costs per ounce.
HECLA MINING COMPANY
Reconciliation of Cash Costs per Ounce to Generally Accepted
Accounting Principles (GAAP)(1)
(dollars and ounces in thousands, except per ounce - unaudited)
First Quarter Ended
-------------------
Mar. 31, Mar. 31,
2006 2005
--------------------------------------------------
GOLD OPERATIONS
--------------------------------------------------
Total cash costs $13,209 $ 6,181
Divided by gold ounces produced 37 21
------- -------
Total cash cost per ounce produced $ 357 $ 294
======= =======
Reconciliation to GAAP (2):
Total cash costs $13,209 $ 6,181
Depreciation 5,531 1,329
Treatment & freight costs (1,594) (412)
By-product credits 410 306
Change in product inventory (3,711) (48)
Reclamation, severance and other costs (16) 31
------- -------
Costs of sales and other direct production costs
and depreciation, depletion and amortization
(GAAP) $13,829 $ 7,387
======= =======
--------------------------------------------------
SILVER OPERATIONS
--------------------------------------------------
Total cash costs (3) $ 2,540 $ 3,682
Divided by silver ounces produced 1,241 1,418
------- -------
Total cash cost per ounce produced $ 2.05 $ 2.60
======= =======
Reconciliation to GAAP:
Total cash costs $ 2,540 $ 3,682
Depreciation, depletion and amortization 2,616 2,498
Treatment & freight costs (6,953) (4,851)
By-product credits 15,327 10,078
Change in product inventory 653 (389)
Idle facility cost (3) - - 511
Reclamation, severance and other costs 45 54
------- -------
Costs of sales and other direct production costs
and depreciation, depletion and amortization
(GAAP) $14,228 $11,583
======= =======
--------------------------------------------------
GREENS CREEK UNIT (Reflects Hecla's 29.73% share)
--------------------------------------------------
Total cash costs $ (788) $ 939
Divided by silver ounces produced 614 897
------- -------
Total cash cost per ounce produced $ (1.28) $ 1.05
======= =======
Reconciliation to GAAP:
Total cash costs $ (788) $ 939
Depreciation, depletion and amortization 1,943 2,022
Treatment & freight costs (4,342) (3,442)
By-product credits 10,326 7,195
Change in product inventory (217) (61)
Reclamation, severance and other costs 42 41
------- -------
Costs of sales and other direct production costs
and depreciation, depletion and amortization
(GAAP) $ 6,964 $ 6,694
======= =======
--------------------------------------------------
LUCKY FRIDAY UNIT
--------------------------------------------------
Total cash costs $ 3,328 $ 2,743
Divided by silver ounces produced 627 521
------- -------
Total cash cost per ounce produced $ 5.31 $ 5.26
======= =======
Reconciliation to GAAP:
Total cash costs $ 3,328 $ 2,743
Depreciation, depletion and amortization 673 89
Treatment & freight costs (2,611) (1,409)
By-product credits 5,001 2,883
Change in product inventory (36) (328)
Reclamation and other costs 3 13
-------- -------
Costs of sales and other direct production costs
and depreciation, depletion and amortization
(GAAP) $ 6,358 $ 3,991
======= =======
--------------------------------------------------
RECONCILIATION TO GAAP, ALL OPERATIONS
--------------------------------------------------
Total cash costs $15,749 $ 9,863
Depreciation, depletion and amortization 8,147 3,827
Treatment & freight costs (8,547) (5,263)
By-product credits 15,737 10,384
Change in product inventory (3,058) (437)
Idle facility cost(3) - - 511
Reclamation and other costs 29 85
------- -------
Costs of sales and other direct production costs
and depreciation, depletion and amortization
(GAAP) $28,057 $18,970
======= =======
(1) Cash costs per ounce of silver or gold represent non-U.S.
generally accepted accounting principles (GAAP) measurements that
the company believes provide management and investors an
indication of net cash flow, after consideration of the realized
price received for production sold. Management also uses this
measurement for the comparative monitoring of performance of
mining operations period-to-period from a cash flow perspective.
"Total cash cost per ounce" is a measure developed by gold
companies in an effort to provide a comparable standard; however,
there can be no assurance that our reporting of this non-GAAP
measure is similar to that reported by other mining companies.
Cost of sales and other direct production costs and depreciation,
depletion and amortization are the most comparable financial
measures calculated in accordance with GAAP to total cash costs.
(2) Costs per ounce of gold are based on the gold produced by the La
Camorra mine and our Block B concessions only. During the quarters
ended March 31, 2006 and 2005, gold produced from third-party
mining operations located near the La Camorra mine and Block B
concessions was treated as a by-product credit and included in the
calculation of gold costs per ounce.
(3) The mill that processed San Sebastian ore was closed due to a
strike by mill workers during the first quarter of 2005, making
first quarter 2005 production statistics not meaningful, including
total cash cost per ounce produced. Mine and mill operations
ceased in October 2005. During the first quarter 2005, cost of
sales and other direct production costs of $511,000 were not
included in the determination of total cash costs for silver
operations.
Quelle: BUSINESS WIRE
12:58 15.09.06
Nachricht
silberinfo im Gespräch mit Richard Mayr
Richard H. Mayr ist Geschäftsführer der Argentuminvest GmbH, darüberhinaus Landesgruppenleiter Nordbayern der Vereinigung Technischer Analysten Deutschlands (VTAD). Er organisiert Vorträge, Seminare und Messen zum Thema Edelmetalle.
silberinfo:
Herr Mayr, Silber ist unser Lieblingsthema. Seit wann beschäftigen Sie sich mit dem weissen Metall, und wie entdeckten Sie diese „Jahrhundertchance“?
R. Mayr:
Silber oder lateinisch ‚argentum’ beschäftigt mich seit meiner Kindheit. Meine Großmutter hat mir beizeiten schon den wahren Wert des Silbers näher gebracht.
Seit 1996 bin ich an den Märkten aktiv. 1998 begann ich mich für technische Analyse zu interessieren und trat dann der VTAD bei. Seit 1999 investiere ich selbst in Edelmetalle und Rohstoffe. Ich habe deshalb meine Firma bewußt „Argentuminvest“ genannt, da ich, wie Sie auch, dem Silber wirklich eine „Jahrhundertchance“ einräume. Noch nie in der Geschichte war Silber im Vergleich zu anderen Gütern so billig wie die letzten Jahre. Dabei gibt es für das weisse Metall sowohl fundamentale wie charttechnische Gründe einer Megahausse!
silberinfo:
Was war Ihre Motivation oder Vision bei der Gründung der Argentuminvest, und was wollen Sie damit erreichen?
R. Mayr:
Seit dem Jahr 2001 arbeite ich in der Investmentbranche und habe mich im Jahr 2004 mit Argentuminvest selbständig gemacht. Seit dieser Zeit führe ich Seminare, Vorträge und Minenpräsentationen durch. Im letzten Jahr habe ich dann die ARGENTUMINVEST GmbH gegründet, da meine Projekte größer wurden, wie z.B. die in Kooperation mit Goldseiten durchgeführte „Internationale Fachmesse für Edelmetalle und Rohstoffe“ in München im November 2005.
silberinfo:
Der Silbermarkt ist seit dem Tiefpunkt im November 2001 kräftig in Bewegung geraten, der Kurs hat sich seitdem vervielfacht. Wie sehen Sie die weitere Entwicklung in den nächsten Jahren?
R. Mayr:
Für die nächsten Jahre sehe ich weitaus höhere Inflation und aus dieser resultierend weit höhere Kurse für den Silberpreis. Silber ist seit jeher wie Gold ein guter Inflationsindikator. Ich bin sehr bullisch für alle Edelmetalle und Rohstoffe, wobei ich dem Silber die größte Chance unter den Edelmetallen beimesse.
silberinfo:
Wie ist Ihre Meinung zum Silber-ETF? Glauben Sie, dass dieser vollständig mit physischem Silber gedeckt wird? Was könnte hinter den Kulissen „gespielt“ werden?
R. Mayr:
Es gibt sehr viele Vermutungen. Weder Sie noch ich können sicher sagen, was hinter den Kulissen gespielt wird. Da schon im letzten Jahr über 60.000 Tonnen Silber leer verkauft waren, denke ich auch nicht, daß der Silber-ETF zu 100 % gedeckt sein kann oder dies in der Zukunft bei großen Mittelzuflüssen sein wird.
silberinfo:
Mit Interesse haben wir Ihren Beitrag zur Fünfjahres-Zyklik bei Silber gelesen. Sie konstatierten, dass im Dezember 2005 ein neuer Zyklus begonnen hat, und dass der Silberpreis bis 2007 stark ansteigen werde, worauf eine längere Korrektur beginne. Sind Sie noch der gleichen Ansicht, oder haben Sie Ihr Szenario angepasst?
R. Mayr:
Ich stehe auch weiterhin zu meiner Meinung. Ab dem Spätherbst sollten wir bei Silber eine große Rally erleben, die uns über das letzte markierte Zwischenhoch von 14,78 Dollar pro Unze tragen sollte. Die Fünfjahres-Zyklik weist auf ein neues Zwischenhoch bis Anfang 2007 hin. Charttechnisch gesehen liegt der nächste Widerstand dann erst bei 23,15 Dollar/ Unze, dem alten Hoch vom 23.09.1980. Ich sehe dies natürlich auch im Zusammenhang mit den geopolitischen Ereignissen, die sich gerade abzeichnen.
silberinfo:
Sie sind Landesgruppenleiter der VTAD. Welchen Stellenwert haben bei Ihren Analysen die Kurstechnik, die Zyklen, sowie die Fundamental-Analyse? Wie bewerten Sie die verschiedenen Analyse-Methoden und wie gehen Sie bei Ihren Investment-Entscheidungen, bzw. –Empfehlungen diesbezüglich vor? Kann man Zyklik am Preis erkennen und kann man mit Kurstechnik die „Zukunft voraussagen“, um es mal salopp zu formulieren.
R. Mayr:
Ich messe der technischen Analyse eine sehr große Bedeutung bei. Den größten Erfolg erzielen Sie mit mehreren Analysemethoden gleichzeitig. Es gibt viele Marktteilnehmer, die sich nur auf einen Teilbereich der technischen Analyse konzentrieren. Dabei gibt es aber große Marktteilnehmer, die dies auszunutzen wissen und bewußt Kursziele antriggern, um so manchen Kleinanleger aus dem Markt zu treiben. Mittels der Charttechnik können Sie gerade im Teilbereich der Zyklenanalyse zwar nicht die genaue Zukunft voraussagen, aber dennoch anhand von alten Kursmustern einen möglichen und relativ wahrscheinlichen Kursverlauf in die Zukunft projizieren. Hierzu sind aber lange Datenreihen notwendig, um gute Ergebnisse zu erzielen.
silberinfo:
Wie hoch denken Sie persönlich, wird der Silberpreis steigen?
R. Mayr:
Ich habe ein persönliches Kursziel, das ich Ihnen heute nicht verraten werde. Mein konservatives Kursziel liegt beim alten High von 1980, nämlich 50 US-Dollar pro Unze.
Im Grunde wird es davon abhängen, wie stark die Inflation steigen wird.
silberinfo:
Ihre Meinung zum Gold/Silber-Preis-Ratio in den nächsten Jahren?
R. Mayr:
Ich gehe ganz klar davon aus, daß wir uns in einem der größten Bullenmärkte für Edelmetalle in der Geschichte befinden. Die stets wiederkehrenden Inflationen können Sie über 2.000 Jahre zurückverfolgen. In solchen Phasen haben immer die Edelmetalle am stärksten abgeschnitten. Gold wird sehr stark performen, Silber hingegen sollte noch stärker im Vergleich dazu steigen. Dies bedeutet ein stark sinkendes Teilungsverhältnis (Ratio) von Gold zu Silber in den nächsten Jahren. Aktuell liegen wir bei 1:50. Mein persönliches Ziel liegt bei zumindest 1:15, also dem langfristigen Mittel der beiden Metalle im Werteverhältnis zueinander. In einer Edelmetallhausse, wie wir sie jetzt erleben, könnte das Ratio in einer Übertreibungsphase auch an manchen Tagen wieder einstellig werden, wie es Anfang 1980 auch der Fall war.
silberinfo:
Herr Mayr, sehen Sie Anzeichen dafür, dass der Gold- und Silbermarkt manipuliert werden? Was könnten die Gründe dafür sein und glauben Sie, dass sich eine Marktintervention (wie sie ja auch ganz legal z.B. von der EZB vollbracht wird) langfristig eher negativ auswirkt und Konsequenzen mit sich trägt?
R. Mayr:
Am Ende regelt alles immer der Markt, ob mit Manipulationen oder ohne! Die negativen Konsequenzen der Inflation und ihrer Beschönigung oder Verschleierung durch mögliche Marktinterventionen oder bewußte Ausklammerung von Inflationstreibern aus Warenkörben werden uns nur dann noch härter treffen. Jedes Weltreich und jeder Staat fiel nach einem Geldwertverfall (Inflation) in sich zusammen.
silberinfo:
Wie hoch schätzen Sie die Möglichkeit ein, dass es in den nächsten Jahren bei Silber einen „Short-Squeeze“ gibt?
R. Mayr:
Sehr hoch, aber man sollte die „market maker“ nicht unterschätzen. Das haben Sie bei der kürzlichen Kurskorrektur von knapp 15 Dollar pro Feinunze Silber auf unter 10 Dollar gesehen. Ich gehe deshalb in der Zukunft von einer stark erhöhten Volatilität bei Silber aus.
silberinfo:
Wenn ein Freund Sie fragen würde, wie hoch er den Anteil an physischem Silber im Vergleich zu Gold gewichten sollte, was würden Sie ihm langfristig raten?
R. Mayr:
Für eine langfristige Anlage in Edelmetallen würde ich ihm zu 50 % Gold in kleiner Stückelung und zu 50 % Silber in Barren und Münzen raten.
silberinfo:
Welches Verhältnis der physischen Anlage zu Minenaktien würden Sie einem Freund empfehlen, der auch in Minen investieren möchte?
R. Mayr:
Ich würde in der aktuellen Wirtschaftslage zu einem Depot mit 25 % physischen Edelmetallen und zu 25 bis 30 % einzelne Minenaktien oder besser noch Rohstoff- und Minenfonds raten, damit sie ein niedrigeres Risiko durch Streuung haben.
silberinfo:
Zu welchen anderen Investitionen würden Sie gegenwärtig raten? Haben Sie Favoriten bei den Minenunternehmen?
R. Mayr:
Ich würde auch zu anderen Sachwerten wie Immobilien (exklusive Geschäftsimmobilien und Immobilienfonds zum gegenwärtigen Zeitpunkt) und wie bereits erwähnt zu Rohstoff- und Minenfonds raten. Es gibt nicht sehr viele reinrassige Silberminen, geschweige denn Minenunternehmen im Silbersektor. Die höchsten Vorkommen an Silber gibt es nach wie vor in Mexiko und hier gibt es eine handvoll guter, solider Unternehmen, die einen sehr guten Hebel auf den Silberpreis haben.
silberinfo:
Ihre Meinung zu derivativen Produkten im Edelmetallsektor?
R. Mayr:
Mit Derivaten handle ich persönlich nicht und empfehle sie auch keinem meiner Kunden. Wie weit her es mit der Handelbarkeit von Derivaten in Zeiten starker Preisschwankungen oder gar Krisenzeiten ist, konnten Sie kürzlich bei der starken Silberpreiskorrektur feststellen. In der Zukunft erwarte ich eine weit höhere Schwankungsbreite bei den Edelmetallen. Ein Investment nicht rechtzeitig liquidieren zu können, kann für das Investment und für Sie tödlich sein, wenn Sie dadurch einen Herzinfarkt erleiden… Auf jedes Zertifikat sollte meiner Meinung nach der Aufdruck: „Vor dem Kauf konsultieren Sie bitte Ihren Arzt oder Apotheker…“ Mit physischem Silber können Sie sich beruhigt zurücklehnen und in der Jahr-hunderthausse ohne einen Dritten reich werden oder besser gesagt: Ihr Vermögen schützen!
silberinfo:
Im letzten Jahr waren Sie Mitveranstalter einer Edelmetallmesse in München. Aufmerksamen “Silberbugs“ dürfte nicht entgangen sein, dass Sie 2006 eigene Wege gehen. Gibt es Gründe dafür?
R. Mayr:
Dazu möchte ich mich nicht äußern. Es wird dieses Jahr aber definitiv zwei Veranstaltungen zum Thema Edelmetalle und Rohstoffe in München geben.
silberinfo:
Im Oktober veranstalten Sie in München die Interpremeco, was ist Ihre Vision dazu?
R. Mayr:
Ich möchte die International Precious Metals and Commodities Convention (INTERPREMECO) in der Messehalle MOC München vom 13. bis 15. Oktober 2006 zur größten Informations- und Austauschplattform für Minengesellschaften und Dienstleister im Edelmetall- und Rohstoffbereich im süddeutschen Raum machen. Hierbei möchte ich nicht nur die institutionellen Investoren, sondern vor allem auch die privaten Anleger mit der Verknüpfung von Ausstellung mit Seminar ansprechen. Über 25 hochkarätige Referenten werden den Anlegern Rede und Antwort stehen, unter Ihnen auch die Erfolgsautoren Uwe Bergold, William Engdahl und Claus Vogt. Alle Informationen zur Messe erhalten Sie auf der Webseite www.interpremeco.com. Vier Wochen vor der Veranstaltung wird man sich dort online anmelden können.
silberinfo:
Herr Mayr, vielen Dank für Ihre geschätzten Antworten. Wir wünschen Ihnen und Ihrer Familie für die Zukunft alles Gute.
Homepage: www.argentuminvest.com
© by silberinfo
Das Team silberinfo ist Herausgeber des ersten deutschsprachigen Börsenbriefes und Betreiber der ersten deutschsprachigen Online-Plattform zum Thema Silber. Weitere Informationen zu globalen Rohstoff- und Edelmetallmärkten, sowie ein Forum (mit fachkundigem Publikum) finden Sie unter www.silberinfo.de
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Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Verantwortlich für den Inhalt ist allein der jeweilige Autor.
Hecla Expects Increase in Silver Resource
Hecla Mining Company (NYSE:HL) today announced it expects to increase its silver resource base by approximately 30 million ounces in 2006, or about 20%. The anticipated resource increase has been identified at Hecla's Lucky Friday silver mine in northern Idaho and at the Hugh Zone on the San Sebastian exploration property in central Mexico.
About 25 million ounces of silver are expected to be added to the resource at the Lucky Friday mine, growing the reserve and resource base to more than 115 million ounces of silver, with a large lead and zinc by-product value. San Sebastian is a silver deposit with significant by-product copper, zinc and lead. The new resource there is anticipated to include about 4 million ounces of silver, which is about 20% of the value of the resource increase. The other 80% of the value of the increased resource at San Sebastian consists of copper, zinc, lead and gold.
On a silver equivalent basis, the new resource at the Lucky Friday and San Sebastian combined would equal more than 100 million ounces of silver, including base metals values.
Hecla's President and Chief Executive Officer Phillips S. Baker, Jr., said, "To put this in perspective for investors, the total value of these new silver resources at these two properties is the equivalent value of about two million ounces of gold, nearly twice the company's total gold resource. The entire resource increase is located in North America and is largely a result of new exploration programs on existing properties, as opposed to an acquisition of existing resources. It provides ongoing confirmation of our strategy of operating and exploring in world-class mining districts. This is a taste of more to come because we've not yet completed our work at these and other properties."
The Lucky Friday resource expansion is due to a deeper drilling program down to 6,900 feet below the surface at the Silver Shaft. That drilling extended the eastern half of the known resource at Lucky Friday down to the 6900 level, leaving the potential for the possible identification of additional resource on the western half as drilling continues. Because of the excellent results, an additional hole was drilled to the 7900 level, confirming continued mineralization. More holes are planned.
The increased resource at San Sebastian is a result of additional surface drilling on the deposit during 2005 and 2006, bringing the total silver resource at San Sebastian to about 8 million ounces, plus nearly 250 million pounds of zinc, lead and copper. The resource increase during 2006 is from a polygonal resource estimate based on an average drill hole spacing of 80 meters. Additional targets remain to be tested, because the Hugh Zone was discovered as a stacked system more than 100 vertical meters directly beneath the earlier-mined Francine vein. Hecla will soon test the potential that the Hugh Zone is stacked on top of yet an even deeper system and is planning a drill program that would test the area about 150 meters deeper than the known base of the Hugh Zone. A scoping study is under way to study key issues to move this resource into reserve.
The calculation of resources was based on metals prices well below current levels. The prices used for resource calculation, as well as the determination of silver equivalent, were $8.00 per ounce of silver, $500.00 per ounce of gold, $0.67 per pound of zinc, $0.42 per pound of lead and $2.00 per pound of copper. The determination of gold equivalent is based on a 50:1 ratio of silver to gold, the approximate ratio of current prices.
Hecla Mining Company, headquartered in Coeur d'Alene, Idaho, mines, processes and explores for silver and gold in the United States, Mexico and Venezuela. A 115-year-old company, Hecla has long been well known in the mining world and financial markets as a quality silver and gold producer. Hecla's common and preferred shares are traded on the New York Stock Exchange under the symbols HL and HL-PrB.
Cautionary Note to Investors -- The United States Securities and Exchange Commission permits mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms in this news release, such as "resource" and "reserve," that the SEC guidelines strictly prohibit us from including in our filing with the SEC. U.S. investors are urged to consider closely the disclosure in our Form 10-K and Form 10-Q. You can review and obtain copies of these filings from the SEC's website at http://www.sec.gov/edgar.shtml.
Statements made which are not historical facts, such as anticipated payments, litigation outcome, production, sales of assets, exploration results and plans, costs, and prices or sales performance are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, and involve a number of risks and uncertainties that could cause actual results to differ materially from those projected, anticipated, expected or implied. These risks and uncertainties include, but are not limited to, metals price volatility, volatility of metals production and costs, exploration risks and results, political risks, project development risks, labor issues and ability to raise financing. Refer to the company's Form 10-Q and 10-K reports for a more detailed discussion of factors that may impact expected future results. The company undertakes no obligation and has no intention of updating forward-looking statements.
Hecla's Home Page can be accessed on the Internet at: http://www.hecla-mining.com
Quelle:BUSINESS WIRE
URL: http://aktien.onvista.de/...html?ID_NEWS_TYPE=1,2,4&DATE_RANGE=mon...
200-day SMA: 0,523
aktuell: 0,283
Hecla ist gegenüber dem Basiswert Silber momentan so was von spottbillig, dass ich in der nächsten Woche eine Rallye bei Hecla erwarte.
Als Investment ist Silber immer gefragter und technische Anwendungen werden immer vielfältiger. Das ist ein solides Investment, zumal Hecla auch ne Menge Gold fördert.
Sehe Hecla mittelfristig deutlich höher. Alles unter 3€ sind Kaufkurse.
http://finance.yahoo.com/q/it?s=HL+Insider+Transactions
Herausragend der CEO Baker mit 150.000 Shares auf einen Schlag zu 3,19$
Steigt silber, sinken die goldförderkosten durch verrechnen des silber outputs - steigt gold, vergolden sich die cleveren miner mit gold-ambitionen (wie eben hecla mining) die quartalsergebnisse entkoppelt vom silberwert.
Langfristig sehe ich silber zwar nicht im aufwärtstrend (edelmetalle werden in der industrie zunehmend gemieden), aber das dürfte dann bei hecla mit den aquirierten goldminen kompensiert werden.
MfG
bei der industriellen verarbeitung wird schon lange nach alternativen zum" teuren " silber gesucht, allerdings ist es wegen seiner einzigartigen physikalischen eigenschaften meist unersetzbar, auch wenn der anteil an foto - oder solarverwendung beträchtlich nachgelassen hat -
auch wenn silber im schlepptau von gold als infla-schutz dient gibt es eine erschreckende diskrepanz im gold-silver-ratio, soll heißen : wenn man den goldpreis für gerechtfertigt hält müßte silber jetzt eigentlich schon wieder an die 30 stoßen.
nimmt man die entwicklung der minen als vorläufer für die kurse der edelmetalle, dann könnte man die seit weihnachten verlaufende mega-hausse der relevenaten silberminen mit geringen all-in-cash-costs als indikator für einen weiter steigenden silberkurs ( ich rede da nicht von 3 oder 5 dollar /oz ) realisieren.
ich bin sowohl bei hecla, als auch in silvercrest und fortuna im januar zu mmn günstigsten preisen eingestiegen.
Angehängte Grafik:
chart_17022014-2248.png (verkleinert auf 66%)
chart_17022014-2248.png (verkleinert auf 66%)