Hecla Mining

Hecla Mining Company
Public
Traded as NYSE: HL
Russell 2000 Component
Industry Mining
Founded Burke, Idaho, U.S. (October 14, 1891 (1891-10-14))
Founder Amasa Campbell, Patsy Clark, John Finch
Headquarters Coeur d'Alene, Idaho, U.S.
Products Silver
Gold
Website hecla-mining.com
Headframe of Hecla's Lucky Friday silver mine, 1995

Hecla Mining is a silver and other precious metals mining company based in Coeur d'Alene, Idaho. Founded in 1891,[1] Hecla Mining was prominent in what became known as the Silver Valley of Idaho, which had the second-largest deposits of silver in the country. In 1983 this area was designated as a Superfund site by the Environmental Protection Agency, because of land, water and air contamination resulting from a century of mostly unregulated mining.

In June 2011 Hecla Mining settled an environmental suit under the Superfund statute, filed under CERCLA in 1991 by the Coeur d'Alene Tribe, which was later entered by the United States and the state of Idaho. Under the settlement agreement, Hecla Mining will pay $263.4 million plus interest to the plaintiffs

"to resolve claims stemming from releases of wastes from its mining operations. Settlement funds will be dedicated to restoration and remediation of natural resources in the Coeur d’Alene Basin. The agreement, which was lodged in federal district court in Idaho today, brings closure to that lawsuit and establishes a strong basis for future cooperation between Hecla and the governments in the Coeur d’Alene Basin."[2]

In January 2017 Hecla Mining reported full year 2016 production totaling 17.2 million ounces of silver and 233,929 ounces of gold.[3]

See also

References

  1. ↑ Yahoo finance profile
  2. ↑ "Hecla Mining Company to Pay $263 Million in Settlement to Resolve Idaho Superfund Site Litigation and Foster Cooperation", Press release, US Department of Justice, 13 June 2011; accessed 31 May 2016
  3. ↑ "Hecla Mining Produces 17.2 Million Ounces of Silver and 233,929 Ounces of Gold in 2016". juniorminingnetwork.com. Retrieved January 10, 2017.
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