Hecla Mining Company today provided an update on its exploration programs during the first quarter. Exploration Highlights Casa Berardi has expanded the resources that could increase the potential size of the current East Mine Crown Pillar pit and the proposed 106, Principal and West Mine Surface Pillar open pits. Underground drilling of the 118 [...]
Hecla Mining Company today announced it expects to release its first quarter 2018 financial results before market open on Thursday, May 10, 2018. A conference call and webcast will be held Thursday, May 10, at 11:00 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 [...]
Hecla Mining Company today announced it has reached agreement with the Regional Director of the National Labor Relations Board to settle the unfair labor practice charge filed by the United Steelworkers in March 2017. This settlement resolves the charge, without any admission of fault, penalties, or payment of back wages. This action does not [...]
Hecla Mining Company today announced preliminary silver and gold production results¹ for the first quarter of 2018. HIGHLIGHTS Silver production of 2.5 million ounces, and gold production of 57,808 ounces. Silver equivalent production of 10.7 million ounces and gold equivalent production of 134,903 ounces.2 Lead production of 5,627 tons; zinc [...]
Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC are investigating the proposed sale of Klondex Mines to Hecla Mining Company. Under the terms of the proposed transaction, shareholders of Klondex may elect to receive $2.47 in cash OR 0.6272 of a Hecla share for each share of Klondex that [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
