On Thursday, Hecla Mining Company (NYSE:HL)’s shares declined -2.70% to $3.24.
On April 12, Hecla Mining Company, declared preliminary production results¹ for the first quarter 2015.
FIRST QUARTER 2015 HIGHLIGHTS (Comparisons to Q1 2014)
- Silver production of 2.9 million ounces, a 16% raise.
- Gold production of 40,651 ounces, a 12% decrease.
- Silver equivalent production of 8.7 million ounces, a 1% decrease.2
- Lead production raised 3% and zinc production reduced 6%.
- Cash and cash equivalents of about $194 million as of March 31, 2015.
“Greens Creek, with higher grades and recoveries, led another strong operating quarter for Hecla – silver production is among the highest in our history,” said Phillips S. Baker, Jr., Hecla’s President and CEO. “In March we celebrated 50 years on the NYSE, and I see our current mix of three operating mines to be the strongest in our history. We believe that our portfolio of mines, particularly Greens Creek which is recognized as a world-class silver mine, provides operating stability to weather current market conditions.”
Greens Creek
Greens Creek’s first quarter production of 2.0 million ounces of silver and 15,239 ounces of gold exceeded the first quarter 2014 production of silver and gold by 14% and 2%, respectively. The raise was principally due to mine sequencing, higher silver grades and higher silver and gold recoveries. Changes made to the flotation circuit in the fourth quarter of 2014 continue to result in higher silver recovery, the value of which has outweighed a slight loss in zinc recovery. The mill operated at an average of 2,172 tons per day (tpd) in the first quarter.
(1) See cautionary statement regarding preliminary statements at the end of this release.
(2) Silver equivalent calculations based on the following prices: $17.25 for Ag, $1,225 for Au, $0.90 for Pb, and $1.00 for Zn.
Hecla Mining Company, together with its auxiliaries, discovers, attains, develops, produces, and markets precious and base metal deposits worldwide. The company offers unrefined gold and silver bullion bars to precious metals traders; and lead, zinc, and bulk concentrates to custom smelters and brokers. It owns 100% interests in the Greens Creek mine located on Admiralty Island in Southeast Alaska; the Lucky Friday unit located in the Coeur d’Alene mining district in northern Idaho; and the Casa Berardi mine located in the Abitibi region of north-western Quebec, Canada. The company was founded in 1891 and is based in Coeur d’Alene, Idaho.
Deutsche Bank AG (USA) (NYSE:DB)’s shares dropped -2.70% to $34.25, during the last trading session on Thursday.
On April 1, Deutsche Bank AG (USA) (DB), declared its appointment as depositary bank for the sponsored Level III NASDAQ-listed American Depositary Receipt program of Videocon d2h Limited (Videocon d2h).
Videocon d2h is the direct-to-home (DTH) television arm of the Videocon group. Videocon d2h offers over 500 channels and services, counting 29 high definition channels and 41 audio and video channels. Videocon d2h commenced DTH operations in July 2009 and has since grown to a gross subscriber base of 11.82 million and a market share of 16.5% in the DTH market in India as of September 2014. Videocon d2h provides its services throughout India and is headquartered in Mumbai.*
Shrinath Bolloju, Asia Pacific Head of Institutional Cash & Securities Services at Deutsche Bank, said: “We are happy to have been selected as depositary bank for Videocon d2h’s NASDAQ-listed ADR program. We are committed to providing our clients with the highest quality ADR services for their newly launched programs.”
Deutsche Bank’s Depositary Receipts team is part of the Issuer Services business within the Bank’s Institutional Cash & Securities Services unit.
Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services worldwide. Its Corporate Banking & Securities division engages in selling, trading, and structuring a range of fixed income, equity, equity-linked, foreign exchange, and commodities products.
At the end of Thursday’s trade, J C Penney Company Inc (NYSE:JCP)‘s shares dipped -2.69% to $8.69.
Yesterday, J C Penney Company Inc. was named one of America`s Best Employers for 2015 according to an independent study organized by Forbes and Statista.com. The survey anonymously questioned 20,000 Americans on whether they would recommend their employer to potential employees, and was conducted through a variety of anonymous online panels.
“We`re proud to be named one of America`s best employers - a designation determined by our very own associates,” said Myron E. (Mike) Ullman, III, chief executive officer of JCPenney. “This honor is particularly gratifying for the Company as it mirrors our own internal associate engagement scores, which raised nine points last year alone. This is a noteworthy achievement for any retailer, especially considering that the Company was undergoing a turnaround.”
“Our associates are the heart of JCPenney, and their passion for the Company is critical to creating customer loyalty,” added Marvin Ellison, president and CEO-designee of JCPenney. “While it`s been only six months since I joined the Company, it is clear to see how our Warrior Spirit assists us to win with customers, while inspiring and winning with our own associates.”
JCPenney was also named to Victory Media`s Military Friendly Employer list for the second year in a row. Victory Media recognizes the Company`s military recruiting efforts, percentage of new hires with military service, veteran retention programs and National Guard and Reserve service policies.
J.C. Penney Company, Inc., through its partner, J. C. Penney Corporation, Inc., sells merchandise through department stores in the United States. The company sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products, and home furnishings, in addition to provides various services, counting styling salon, optical, portrait photography, and custom decorating.
First Majestic Silver Corp (NYSE:AG), ended its Thursday’s trading session with -2.66% loss, and closed at $5.13.
On April 13, First Majestic Silver Corp (AG), declare that total production at its five operating silver mines in Mexico for the first quarter ending March 31, 2015 reached 3,905,270 equivalent ounces of silver, representing an 8% raise contrast to the same quarter in 2014.
Total silver production for the quarter comprised of 2,776,855 ounces of silver, representing a 4% decrease contrast to the same quarter in 2014. In addition, 11,286,880 pounds of lead and 6,349,692 pounds of zinc were produced, representing an raise of 31% and 136%, respectively, contrast to the same quarter of the previous year. Also, 2,970 ounces of gold were produced, representing a 12% decrease contrast to the first quarter of 2014.
The Company’s underground development in the first quarter comprised of 9,828 metres, a 17% decrease contrast to 11,772 metres accomplished in the previous quarter.
During the quarter, 13 diamond drill rigs were operating at the Company’s five operations. The Company accomplished 5,425 metres of diamond drilling in the quarter contrast to 5,990 metres in the preceding quarter, representing a 9% raise.
First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver projects in Mexico. The company owns and operates five producing mines, counting the La Encantada silver mine in Coahuila State, the La Parrilla silver mine in Durango State, the Del Toro silver mine in Zacatecas State, the San Martin silver mine in Jalisco State, and the La Guitarra silver mine in Mexico State.
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