Hecla's Lucky Friday Silver Mine Resumes Production as Silver Prices Slide

SUGAR LAND--May 29, 2013--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--The Lucky Friday Silver Mine, closed for more than a year following accidents, is again producing silver. The mine's owner, Hecla Mining Company (NYSE:HL) (Coeur d'Alene, Idaho), predicts the mine will produce about 2 million ounces of silver this year, about even with its pre-shutdown production level. Next year, silver production at northern Idaho's Lucky Friday mine should reach 3 million ounces, company executives told investors and analysts on a quarterly conference call earlier this month.

Other companies featured: Rio Tinto (NYSE:RIO)