Hecla Mining Company

Hecla Mining Company announced today that a wholly owned subsidiary of Hecla has today acquired an aggregate of 2,424,335 common shares of Dolly Varden Silver Corp. in two tranches. The first tranche was comprised of 1,311,989 Shares and the second tranche was comprised of 1,112,346 Shares. The agreements for these share subscriptions were entered into today and are further to the Ancillary Rights Agreement which Hecla [...]

Hecla Mining Company today announced its upcoming Annual Meeting of Shareholders will be exclusively held in a virtual meeting format at 10:00 a.m. PDT on Thursday, May 21, 2020. The virtual meeting format was chosen in order to protect the well-being of Hecla’s shareholders, service providers and employees. All information pertaining to the Annual Meeting of Shareholders can be found on Hecla’s website at [...]

Hecla Mining Company today announced first quarter financial and operating results. COVID-19 UPDATE Responding quickly to COVID-19 mitigated the impact. Four out of five mines operating, representing 95% of Hecla's production. Casa Berardi restarted operations on April 16 after government-mandated industry-wide shutdown on March 23. No known cases of COVID-19 at any of Hecla's sites. Annual guidance updated. "Our rapid [...]

Hecla Mining Company today announced it expects to release its first quarter 2020 financial results before market open on Thursday, May 7, 2020. A conference call and webcast will be held Thursday, May 7, at 10:00 a.m. Eastern Time to discuss these results. You may join the conference call by dialing toll-free 1?855-760-8158 or for international by dialing 1-720-634-2922. The participant passcode is HECLA. Hecla’s live [...]

Hecla Mining Company today announced that Casa Berardi plans to restart operations on April 15th, following the Government of Quebec’s decision to allow mining activities to resume. The restart of operations is planned over a month and will follow the Government’s guidelines with a focus on maintaining appropriate COVID-19 practices, including emphasizing proper hygiene practices and social distancing. As an added [...]

Hecla Mining Company today announced actions taken in response to COVID-19, cash balances and preliminary silver and gold production results at the end of the first quarter.1 HIGHLIGHTS Responded quickly to COVID-19 with changes in work schedules and hygiene practices, eliminated most travel starting in February, and strengthened the balance sheet. Three of five operations are deemed essential businesses and remain fully [...]

Hecla Mining Company today announced it is suspending operations at Casa Berardi until April 13, 2020 to comply with the Government of Quebec’s order for the mining industry in the fight against COVID-19. Casa Berardi will have limited operations to protect the facilities and environment while operations are suspended. “The Government of Quebec ordered the mining industry to reduce to minimum operations as [...]

Hecla Mining Company today provided a summary of the activities undertaken to protect its business, employees and local communities from COVID-19. Hecla has corporately and within its mine sites taken significant measures including: Securing contracts that guarantee a $16 per ounce silver price for the second quarter and $1,450 and $1,650 per ounce gold price for the second and third quarter, respectively, while [...]

Hecla Mining Company today announced its Board of Directors declared a quarterly dividend of $0.0025 per share of common stock, payable on or about March 13, 2020, to shareholders of record on March 6, 2020. The Company’s realized silver price was $17.47 in the fourth quarter of 2019 and therefore did not satisfy the criterion for a larger dividend under the Company’s dividend policy. The Board of Directors [...]

Hecla Mining Company today announced that it has priced its previously announced public offering of senior notes . The Company has agreed to sell $475.0 million aggregate principal amount of 7.250% Senior Notes due 2028 . The Offering is expected to close on February 19, 2020, subject to customary closing conditions. The Notes will pay interest semi-annually in arrears at a rate of 7.250% per year and will mature on [...]