BMO Capital Markets Comments on Hecla Mining

BMO Capital Markets provided color on Hecla Mining (NYSE: HL) in a research report published today. BMO Capital Markets has a Market Perform rating and $8 price target on Hecla Mining.

In the report, BMO Capital Markets states, "Hecla announced that it has increased its interest in the San Juan pre-development stage project in Colorado. HL will issue ~5.4M shares (currently valued at ~US$34M) to consolidate the remaining 30% interest in the project's core land package. The core land package, which accounts for 55% of the total San Juan project property, includes the Bulldog and Equity veins/past producing mines."

Shares of Hecla Mining were trading at $6.33 at the time of posting, up 0.96% from Monday's market close.