Sunday, March 10, 2013

Hecla (HL) Digs in

Hecla Mining Company (HL) is in a bit of a slump right now as it fights to acquire Aurizon Mines. Stock prices have dipped but could easily shoot back up if Hecla can beat out it's competitor Alamos Gold Inc. (AGI) in the fight for Aurizon. With around 780 million dollars offered, this represents a huge potential investment by Hecla to bolster itself in the silver industry. As of March 8th, the stocks have shown a slight rise from their current slump, which may indicate investors are optimistic enough about the purchase to bet on Hecla's stock price soaring in the coming months.