Hecla Mining Company Annual Report
Hecla Mining Company Annual Report Silver Production Highlights (Ounces) Dollars in thousands except per share and per ounce amounts 2000 7,998,677 2001 7,434,290 2002 8,681,293 Financial Data and Ratios 2002 2001 Sales of products $ 105,700 $ 85,247 Gross profit 23,715 4,719 Silver Reserves, Jan. 1, 2003 Income (loss) from discontinued operations (2,224) 11,922 Proven & Probable Net income 8,639 2,340 (Contained Ounces) Loss applicable to common shareholders (14,614)1 (5,710) Greens Creek* 31,252,609 1 San Sebastian 8,761,109 Basic and diluted loss per common share (0.18) (0.08) Total 40,013,718 Cash and cash equivalents at end of year 19,542 7,560 *Hecla’s Interest (29.73%) Best performer on the NYSE Capital expenditures 15,251 18,035 Total assets 160,141 153,116 Financial ratios: Gold Production Current ratio 1.39:1 0.99:1 (Ounces) Hecla: The best bet on silver and gold Total liabilities to equity 1.23:1 1.64:1 2000 146,038 Year-End Data 2001 194,742 Common shares outstanding (in thousands) 86,179 73,007 2002 239,633 2002 Annual Report Common shareholders of record 8,584 8,926 Preferred shares outstanding (in thousands) 753 2,300 Preferred shareholders of record 77 146 Gold Reserves, Jan. 1, 2003 Proven & Probable Record gold and silver production Employees 720 701 (Contained Ounces) Operational Data La Camorra 412,332 Silver production (oz) 8,681,293 7,434,290 Greens Creek* 268,603 Gold production (oz) 239,633 194,742 San Sebastian 88,269 Total cash cost per ounce: Total 769,204 *Hecla’s Interest (29.73%) One hundred and twelve years of discovering, acquiring, Silver 2 $ 2.16 $ 3.52 developing and producing precious metals and mineral resources.
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