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Hecla Mining (HL) Stock Jumps on Preliminary Q3 Production Report, Guidance

NEW YORK (TheStreet) -- Shares of Hecla Mining (HL) were surging 6.61% to $5.97 in mid-afternoon trading on Tuesday after the company announced preliminary gold and silver production for the 2016 third quarter and raised its full-year silver output estimate.

Hecla Mining said it expects silver production to climb 67% year-over-year to 4.32 million ounces in the third quarter.

Gold output in the period is projected to be about 52,000 ounces, up 20% year-over-year.

"The strong...