Worth Watching Stock’s News Analysis Report: Newmont Mining Corp (NYSE:NEM), Hecla Mining Company (NYSE:HL)

On Monday, Shares of Newmont Mining Corp (NYSE:NEM), added 3.20% and closed at $32.60 in the last trading session. The last trading range of the stock ranges between $30.19 and $32.76. The company’s Market capitalization is $15.76 Billion with the total Outstanding Shares of 530.75 million. During the 52-week trading session the minimum price at which share price traded, registered at $16.05 and reached to max level of $46.07. The EPS of company is strolling at -0.69. Newmont Mining Corporation (NEM) (Newmont or the Company) poured first gold from Long Canyon ore on Tuesday, 8 November, and anticipates to declare commercial production next week. The operation is located 100 miles from Newmont’s existing Nevada complex and was accomplished two months ahead of plan for just under $225 million – about $50 million or 18 percent below budget.

Shares of Hecla Mining Company (NYSE:HL), dropped -1.33% and closed at $5.95 in the last trading session. The last trading range of the stock ranges between $5.65 and $6.12. The company’s Market capitalization is $2.24 Billion with the total Outstanding Shares of 395.29 million. During the 52-week trading session the minimum price at which share price traded, registered at $1.45 and reached to max level of $7.64. The EPS of company is strolling at -0.04. Hecla Mining Company (NYSE:HL) recently declared third quarter financial and operating results.

THIRD QUARTER HIGHLIGHTS AND NOTEWORTHYITEMS (contrast to Q3 2015)

Net income applicable to common shareholders of $25.7 million, or $0.07 per share.

Sales of $179.4 million, up 71%, a record.

Adjusted EBITDA of $75.2 million, up 323%.1

Cash offered by operating activities of $87.0 million, up 225%. Includes $16 million of insurance proceeds for the Troy Mine reclamation.

Free cash flow of $27.7 million, up $38 million.2

Total silver production of 4.3 million ounces, up 67%.

Gold production of 52,126 ounces, up 19%.

Silver equivalent production of 10.3 million ounces, up 17%.3

Last 12 months net loss of $13.7 million and adjusted EBITDA of $234 million.1

Net debt/adjusted EBITDA (last 12 months) of 1.4x, a 49% decline.1,4

Cash and cash equivalents and short-term investments of $192.4 million at September 30, 2016, up $33 million over the second quarter.

Accomplished the acquisition of the Montanore project, located near the Rock Creek project.

Reduced estimate for 2016 cash cost, after by-product credits, per silver ounce to $4.00 and raised estimate for 2016 cash cost, after by-product credits, per gold ounce to $750.5

Leave a Reply

Your email address will not be published. Required fields are marked *