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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)
04/23/201508:00:00Hecla First Quarter 2015 Financial Results Conference Call and...
04/13/201507:03:19Current Report Filing (8-k)
04/12/201521:00:00Hecla Reports Preliminary First Quarter 2015 Production Results...
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04/08/201508:10:04Additional Proxy Soliciting Materials (definitive) (defa14a)
04/08/201508:09:16Proxy Statement (definitive) (def 14a)
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03/27/201508:20:31Revett Mining to be acquired by Hecla Mining in $20M stock deal
03/27/201508:04:52Current Report Filing (8-k)
03/27/201508:02:37Filing of Certain Prospectuses and Communications in Connection...
03/27/201508:00:00Hecla to Acquire Revett in $20 Million Stock Deal
03/23/201518:55:21Statement of Changes in Beneficial Ownership (4)
03/23/201518:40:18Statement of Changes in Beneficial Ownership (4)
03/23/201518:28:22Statement of Changes in Beneficial Ownership (4)
03/23/201518:14:06Statement of Changes in Beneficial Ownership (4)
03/23/201517:55:31Statement of Changes in Beneficial Ownership (4)
03/23/201517:44:38Statement of Changes in Beneficial Ownership (4)
03/23/201508:00:00Hecla to Celebrate 50 Years on the NYSE by Ringing the Closing...

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