Hecla Mining Company and Klondex Mines today announced Hecla will acquire all the outstanding shares of Klondex, a high-grade Nevada underground gold producer with its Fire Creek, Midas and Hollister mines, through a plan of arrangement. Klondex's Canadian assets will be spun out to its existing shareholders. Under the Transaction, Hecla will acquire Klondex for consideration of US$462 million with a mix of cash and [...]
PITTSBURGH, March 7, 2018 /PRNewswire-USNewswire/ -- The United Steelworkers today said that the members of Local 5114 in Mullan, Idaho, have overwhelmingly rejected a proposal that would end a year-long strike at Hecla Mining Company's Lucky Friday mine by submitting the outstanding issues to binding interest arbitration. In a secret ballot election, about 250 USW members, who began their strike against the company's [...]
Hecla Mining Company today announced that Ressources Quebec, a wholly owned subsidiary of Investissement Québec, is making a C$40 million loan investment in Hecla . The investment will be in the form of a senior unsecured term loan with a coupon rate of 4.68%, to mature at the same time as the outstanding high yield notes, in 37 months. The proceeds are to be used for development and expansion of the Casa Berardi [...]
Hecla Mining Company today announced that it has entered into a toll milling agreement with Excellon Resources Inc. in which sulphide ore from San Sebastian would be trucked 26 miles to Excellon’s Miguel Auza flotation mill facility, in Zacatecas, Mexico, for processing. Under the terms of the agreement, Excellon will provide 440 tons per day of milling capacity to Hecla and, in due course, the mill will be upgraded [...]
Hecla Mining Company today announced fourth quarter and year end 2017 financial and operating results. 2017 HIGHLIGHTS Revenues of $577.8 million, the second highest in Company history after the record set in 2016. Net loss applicable to common stockholders of $24.1 million . Tax provision of $19.9 million due in part to changes in U.S. tax law. Adjusted net income applicable to common stockholders of $38.8 million, $0.10 [...]
Hecla Mining Company today provided an update on its exploration programs during the fourth quarter. Exploration Highlights San Sebastian continues to expand high-grade, polymetallic zones similar to the Hugh Zone on the Middle and Francine veins. Casa Berardi has expanded and refined resources that could increase the size of the proposed Principal and current East Mine Crown Pillar open pits and discovered mineralization [...]
Hecla Mining Company today reported the highest levels of silver, gold and lead reserves in its 127-year history, as well as the highest zinc reserve in the last five years. HIGHLIGHTS Record gold reserves of 2.3 million ounces, an increase of 12%. Record silver reserves of 177 million ounces, an increase of 3%. Record lead reserves of 737,290 tons, an increase of 8%. Zinc reserves of 840,870 tons, an increase of 15 [...]
Hecla Mining Company today announced it expects to release its fourth quarter and year-end 2017 financial results before market open on Thursday, February 15, 2018. A conference call and webcast will be held Thursday, February 15, 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 [...]
Hecla Mining Company today announced preliminary silver and gold production results¹ for the fourth quarter and full year 2017. 2017 HIGHLIGHTS Silver production of 12.5 million ounces, the second highest behind the record achieved in 2016, and gold production of 232,685 ounces, the third highest in Company history. Silver equivalent production of 40.9 million ounces and gold equivalent production of 554,843 ounces.2 [...]
Hecla Mining Company (NYSE:HL) today announced third quarter financial and operating results. HIGHLIGHTS (Compared to Third Quarter of 2016) Net income applicable to common stockholders of $1.3 million, or $0.00 per share. Adjusted net income applicable to common stockholders of $16.0 million, or $0.04 per share.1 Cost of sales and other direct production costs and depreciation, depletion and amortization ("cost of [...]
Hecla Mining Company (NYSE:HL) today provided an update on its exploration programs during the third quarter. Third Quarter Exploration Highlights Drilling at San Sebastian has identified polymetallic zones similar to the Hugh Zone on the Middle and West Francine veins. Surface and underground drilling at Casa Berardi has expanded and refined resources to increase the size and number of the open pits and extended [...]
COEUR D'ALENE, Idaho, Oct. 30, 2017 /PRNewswire-USNewswire/ -- The United Steelworkers (USW) today said that on Tuesday, Oct. 31, 2017, the union will sponsor a Halloween-themed rally at Hecla Mining Company's (NYSE: HL) headquarters to support the members of Local 5114 on strike against unfair labor practices at the company's Lucky Friday mine in Mullan, Idaho. USW members, retirees and their families, as well as [...]
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