Hart Capital Management Inc., of Spokane, says the composite value of the 10 publicly traded Inland Northwest companies rose to $9.8 billion in the second quarter of 2016, an increase of $1.6 billion, or 19 percent, from the previous quarter.

It’s the third straight quarter the companies’ composite value has risen.

Ambassador’s Group Inc., of Spokane, closed at the end of 2015, reducing the region’s publicly traded companies from 11 to 10. The composite values of those 11 companies experienced declines during the first three quarters of last year.

Including Ambassadors, five publicly traded companies based here have been dropped from the list over the last several years due to closures or acquisitions. The others include Coeur Mining Inc., Intermountain Community Bancorp, Sterling Financial Corp., and Coldwater Creek Inc.

In the latest three-month period, seven of the 10 tracked companies experienced an increase in market capitalization. 

Through the first six months of the year, the composite rose $2.6 billion, or 36 percent.

Buoyed by a rebound in gold and silver prices, Coeur d’Alene-based Hecla Mining Co. led the composite, increasing $906 million, or nearly 84 percent for the quarter. Hecla leads the index with a 170 percent year-to-date increase.

Hecla also got a market capitalization boost when the company agreed to purchase Spokane-based Mines Management Inc., during the second quarter, Hart Capital says in its latest quarterly report. The other top performers were Clearwater Paper Corp. and Avista Corp., rising 35 percent and 10 percent, respectively, it says.

For the quarter, Avista had a market capitalization increase of $283 million, while Clearwater Paper experienced a market capitalization rise of $272 million. Both are Spokane-based companies.

Three companies that experienced market capitalization declines for the quarter were Idaho Independent Bank, Red Lion Hotels Corp., and Washington Trust Bank Financial Corp.