Earnings Call Excerpt
Here’s the entire text of the prepared remarks from Hecla Mining’s (ticker: HL) Q3 2005 conference call. The Q&A is here. We recognize that this transcript may contain inaccuracies - if you find any, please post a comment below and we’ll incorporate your corrections.
CORPORATE PARTICIPANTS
Vicki Veltkamp Hecla Mining - VP
Phil Baker Hecla Mining - President & CEO
Lew Walde Hecla Mining - CFO
Ron Clayton Hecla Mining - VP
CONFERENCE CALL PARTICIPANTS
Anthony Sorrentino Sorrentino Metals - Analyst
Anita Soniette (ph) Merrill Lynch - Analyst
Barry Cooper CBIC - Analyst
PRESENTATION
Operator
Welcome to the third quarter 2005 Hecla Mining earnings conference call.
[OPERATOR INSTRUCTIONS]
At this time, we'll turn the call over to your host, Miss Vicki Veltkamp, Vice President of Investor and Public Relations. Please proceed.
Vicki Veltkamp - Hecla Mining - VP
Thank you, Jean. Thanks to all the rest of you, as well, for joining us today. As the operator said, I'm Vicki Veltkamp, Vice President of Investor and Public Relations for Hecla Mining Company, and this is our third quarter 2005 conference call. This call is being webcast live today so you can access a replay of this, if you wish, at our website, which is www.hecla-mining.com. At the website you can find the financial results and today's quarterly news release. And at the end of the news release is a quantitative reconciliation to GAAP of cash cost per ounce, which is now an SEC requirement. Today's presentation will be made by Phil Baker, Hecla's President and CEO. He'll have help from Lew Walde, our Chief Financial Officer, and Ron Clayton, our Vice President of North American operations. Following their presentation, we'll have a question and answer period.
As you know, any forward-looking statements made today by our management comes under the Private Securities Litigation Reform Act and involves a number of risks that cou -- could cause actual results to differ from projections.
So now I'd like to turn the call over to Hecla Mining Company's President and Chief Executive Officer, Phil Baker.
Phil Baker - Hecla Mining - President & CEO
Thanks, Vicki. Good afternoon, ladies and gentlemen. Let me -- I guess good morning, actually. Let me add my welcome to Vicki's. This third quarter for Hecla has been -- has been very difficult. We've had lower production, higher costs and political uncertainty in Venezuela, and all of these have contributed to a quarter that was poorer than what we wanted. And I want to address these difficulties head-on because, as I've talked about for a year now, Hecla is in a transition that began in 2003. So I don't want you to lose track that the operational aspects of the trend -- transition are almost complete. In fact, the third quarter should be the operational low point, allowing us to return to our position as a low-cost gold and silver miner in the near future.
- The Q&A from this call is here.
- Source: Hecla Mining web site.
- All Gold Stock Blog articles on Hecla Mining.
- A list of full conference call transcripts available on the Seeking Alpha Network.
- The complete list of gold stocks (and links to articles about them) covered by The Gold Stock Blog.
- To read the full transcript on Seeking Alpha, click here »
