These precious-metal stocks are both buys

Article Excerpt

Whatever the near-term outlook for gold and silver prices, we think top-quality gold/silver stocks like Alamos and Hecla remain buys. That’s in part because of their prospects for increased production and cash flow—regardless of precious metal prices. HECLA MINING, $4.99, is a buy. The company (New York symbol HL; TSINetwork Rating: Extra Risk) (www.hecla-mining.com; Shares o/s: 606.3 million; Market cap: $3.1 billion; Divd yield: 0.3%) explores for, mines and processes silver and gold in the U.S., Canada and Mexico. Most of Hecla’s silver output comes from three sites: the Greens Creek mine in Alaska; the Lucky Friday project in Idaho; and the San Sebastian mine in Mexico. It also owns the Casa Berardi gold mine in Quebec as well as three gold mines in Nevada—Fire Creek, Midas and Hollister. In the three months ended September 30, 2022, the company produced 3.5 million ounces of silver. That was up 32.6% from a year earlier. Production was down a year ago at Greens Creek as the company dealt…