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Hecla To Pay $263.4 Million For Cleanup At Idaho Superfund Site

DOW JONES NEWSWIRES Hecla Mining Co. (HL) will pay $263.4 million plus interest to settle a lawsuit that charged the company's silver mining operations with polluting Idaho's Coeur d'Alene Basin, the Department of Justice said Monday. The settlement stems from a suit originally brought in 1991 by the area's Coeur d'Alene tribe. The federal government joined the suit in 1996, and the state of Idaho on Monday joined as a party to the settlement. The latest settlement will help pay for cleanup work already performed since the early 1980s on the Environmental Protection Agency-designated Superfund site. The lawsuit alleged Hecla released millions of tons of mining wastes, including lead and arsenic, into the Coeur d'Alene River and its tributaries. The company wasn't immediately available for comment. A predecessor of mining company Asarco Inc., another major defendant in the suit, settled its case in 2008 as part of its emergence from Chapter 11 bankruptcy proceedings. Hecla Shares were recently off 8 cents to $7.30 Monday. The stock is up 37% over the past 12 months. -By Drew FitzGerald, Dow Jones Newswires; 212-416-2909;

Stock News for Hecla Mining (HL)
04/27/201606:45:00Hecla First Quarter 2016 Financial Results Conference Call and...
04/14/201608:01:59Current Report Filing (8-k)
04/14/201606:30:00Hecla Reports a Record 4.6 Million Ounces of Silver and 55,688...
04/12/201618:04:14Statement of Changes in Beneficial Ownership (4)
04/11/201611:54:00Hecla to Participate at the CIBC Gold Forum and European Gold...
04/04/201608:03:03Additional Proxy Soliciting Materials (definitive) (defa14a)
04/04/201608:02:29Proxy Statement (definitive) (def 14a)
03/15/201615:39:36Proxy Statement - Notice of Shareholders Meeting (preliminary...
03/08/201617:55:20Statement of Changes in Beneficial Ownership (4)
03/08/201617:48:23Statement of Changes in Beneficial Ownership (4)
03/08/201617:41:39Statement of Changes in Beneficial Ownership (4)
03/08/201617:37:25Statement of Changes in Beneficial Ownership (4)
03/08/201617:29:51Statement of Changes in Beneficial Ownership (4)
03/08/201617:21:19Statement of Changes in Beneficial Ownership (4)
03/02/201613:52:34Initial Statement of Beneficial Ownership (3)
02/25/201606:45:00Hecla to Participate at the BMO Global Metals & Mining Conference...
02/23/201612:37:58Prospectus Filed Pursuant to Rule 424(b)(5) (424b5)
02/23/201612:33:02Current Report Filing (8-k)
02/23/201606:16:44Current Report Filing (8-k)

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