Hecla Mining Company (NYSE:HL): Hecla reiterates its 2012 silver production estimate of approximately 7M ounces, which excludes production from the Lucky Friday mine. Production at the Lucky Friday mine is expected to resume in early 2013. Total cash cost net of by-products is expected to be approximately between $1.00-$2.00 per ounce at current metal prices.
The shares closed at $5.48, up $0.46, or 9.16%, on the day. Its market capitalization is $1.53 billion.
Stillwater Mining Company (NYSE:SWC): Reports revenue $259.7M, consensus $182.2M.
The shares closed at $14.51, up $1.05, or 7.8%, on the day. Its market capitalization is $1.67 billion.
Westlake Chemical Corp. (NYSE:WLK): On the Q4 earnings conference call, Westlake Chemical (NYSE:WLK) says it continues to believe its proposal for Georgia Gulf (NYSE:GGC) “is a good one”. Westlake says it has not withdrawn it proposal so far; however, Westlake says that “at some point, if we do not see a real change in approach from order management, we likely will.”
The shares closed at $58.00, down $2.49, or 4.12%, on the day. Its market capitalization is $3.86 billion.
Mosaic Co (NYSE:MOS): The Mosaic announced a settlement agreement with the Sierra Club, Manasota-88, and People for Protecting the Peace River in litigation challenging the company’s federal wetlands permit at the South Fort Meade mine. This permit allows mining of the Hardee County Extension near Bowling Green, Florida. The settlement, which is subject to approval by the courts, will resolve the pending appellate and trial court proceedings regarding the permit in their entirety and allow mining at the South Fort Meade mine to proceed.
The shares closed at $56.91, up $1.28, or 2.3%, on the day. Its market capitalization is $24.21 billion.
Alcoa Inc. (NYSE:AA): Alcoa and China Power Investment Corporation announced they have finalized an agreement to establish a joint venture company to produce high-end fabricated aluminum products for the China market. The new joint venture company, Alcoa CPI Aluminum Investment Co. will be majority owned and managed by Alcoa and based in Shanghai. Terms of the agreement were not disclosed.
The shares closed at $10.41, up $0.26, or 2.56%, on the day. Its market capitalization is $11.10 billion.
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