Hecla's CEO Discusses Q4 2011 Results - Earnings Call Transcript

Hecla Mining Company ( HL)

Q4 2011 Earnings Call

February 21, 2012 1:00 PM ET


Mélanie Hennessey – Vice President, Investor Relations

Phil Baker – President and CEO

Jim Sabala – Senior Vice President and CFO

Larry Radford – Vice President, Operations

Dean McDonald – Vice President, Exploration


John Bridges – J.P. Morgan

John Tumazos – Very Independent Research

Anthony Sorrentino – Sorrentino Metals

Tom Adams – International Management

Trevor Turnbull – Scotia Capital

Chris Lichtenheldt – UBS Securities



Good day, ladies and gentlemen. And welcome to the Fourth Quarter and 2011 Year End Financial Results Conference Call. My name is Fab, and I’ll be your operator for today. At this time, all participants are in listen-only mode. Later, we will conduct a question-and-answer session. (Operator Instructions)

I would now like to turn the conference over to Mélanie Hennessey, Vice President of Investor Relations.

Mélanie Hennessey

Thank you, Fab. Hello, everyone. And thank you for joining us for Hecla’s fourth quarter and year end 2011 financial and operations results. Our news release, which was issued this morning before market opened and today’s presentation are available on our website. In addition, Hecla issued a release last Thursday announcing the latest reserves and resources, and provided an update on our predevelopment and exploration initiative.

On today’s call, we have Phil Baker, Hecla’s President and CEO; Jim Sabala, Senior Vice President and CFO; Larry Radford, Vice President, Operations; and Dean McDonald, Vice President, Exploration.

Before we get started, I need to remind you that any forward-looking statements made today by the management team come under the Private Securities Litigation Reform Act. Such statements include projections and goals, which are likely to involve risks detailed in our various SEC filings, and in the forward-looking disclaimer, included in the earnings release and at the beginning of the presentation. These risks could cause results to differ from projections.

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