5 Silver Stocks You Need to Watch for When Silver Prices Rise

Hecla Mining Co. (NYSE:HL)

Experience is important when precious metal prices are down and out. Hecla Mining Co. (NYSE:HL) brings this to the table. Founded in 1891, the company is a primary silver producer with mines, including Greens Creek in Alaska and Lucky Friday in Idaho. Hecla Mining is in the midst of becoming a gold producer as well. Its gold property, Casa Berardi, is located in Quebec, Canada. (Source: Hecla Mining Co., last accessed October 8, 2015.)

In the second quarter of this year, Hecla Mining produced 2.5 million ounces of silver at a cash cost of $5.61 an ounce and 30,939 ounces of gold at a cash cost of $832.00 an ounce. For the entire year of 2015, the company expects to produce between 10.5 and 11 million ounces of silver. (Source: Hecla Mining Co., August 6, 2015.)

With a market capitalization of $895 million, this silver stock trades at $2.30.