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CAT Strategic Metals Provides Corporate Update
ACCESSWIRE
VANCOUVER, BC / ACCESSWIRE / May 6, 2021 / CAT Strategic Metals Corporation
(CSE:CAT)(OTC PINK:CATTF)(FRA:8CH) ( CAT or the Company ) announces the following update on its Rimrock and Gold Jackpot mineral properties in Elko County, Nevada.
Rimrock Gold-Silver Property
CAT controls a 100% undivided ownership in the Rimrock mineral property, comprising 133 lode mining claims totaling approximately 1,663 acres. Rimrock adjoins and lies 4 km north of Hecla Mining Co. s Hollister Mine and 16 Km southeast of Hecla s Midas gold-silver mine; both past-producing gold-silver mines on care-and-maintenance. Rimrock is situated directly on two of Nevada s largest gold-silver belts, the Midas and Carlin Trends. The center of the Rimrock property lies 77 km (46 mi) northwest of the major gold mining, residential, and drilling-hub city of Elko, Nevada.
BRIEF-Hecla Reports Q1 Sales Rose 54% To $210.9 Million Reuters 2 hrs ago HECLA REPORTS FIRST QUARTER 2021 RESULTS Q1 ADJUSTED EARNINGS PER SHARE $0.06 Q1 EARNINGS PER SHARE $0.04 Q1 SALES ROSE 54 PERCENT TO $210.9 MILLION QTRLY DILUTED EARNINGS PER SHARE $0.03 Q1 EARNINGS PER SHARE VIEW $0.04 REFINITIV IBES DATA Q1 REVENUE VIEW $209.0 MILLION REFINITIV IBES DATA Source text for Eikon: Further company coverage:
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Streetwise Reports (5/6/21) Shares of Hecla Mining Co. traded 16% higher after the company reported Q1/21 financial results that included a 54% YoY increase in revenue along with record cash margin and adjusted EBITDA.
America s largest silver producer, Hecla Mining Co. (HL:NYSE), today announced financial and operating results for the first quarter of 2021 ended March 31, 2021.
The company reported that in Q1/21 in achieved sales of $210.9 million, which it advised is the second highest amount in its 130-year operating history. These revenues represented a 54% increase over the $136.9 million of sales registered during Q1/20. Hecla Mining stated that silver production in Q1/21 increased by 7% to 3.459 million ounces (Moz), versus 3.245 Moz in Q1/20.
Company s 52-week low was at $2.30
Price action over last quarter: Up 5.75%
Company Profile
Hecla Mining Co produces and explores silver, gold, lead, and zinc. Its main silver mines include Idaho-based Lucky Friday and Greens Creek in Alaska. Hecla acquired 100% of the Greens Creek from Rio Tinto in April 2008, after holding a 29% interest for 20 years. The acquisition doubled the company s silver production. The operating business segments are the Greens Creek unit, the Lucky Friday unit, the Casa Berardi unit, the San Sebastian unit, and the Nevada Operations unit.