Hecla Sees Higher Silver Prices and Raises Outlook
Reuters Africa reported that Hecla Mining (NYSE:HL) is increasing investment in silver projects on the expectation silver prices will remain high.
As quoted in the market news:
Silver, which climbed to a record high of $49.51 per ounce in April 2011, was trading around $34.02 an ounce on Tuesday. Societe Generale said it expects silver prices to pick up through 2012 as it continues to shadow gold.
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