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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)
02/03/201606:45:00Hecla Fourth Quarter and Year-End 2015 Financial Results Conference...
01/26/201614:14:42Amended Statement of Ownership (sc 13g/a)
01/20/201606:45:00Hecla to Participate in the Vancouver Resource Investment Conference...
01/12/201609:07:28Current Report Filing (8-k)
01/12/201606:30:00Hecla Reports Record Silver Production of 11.6 Million Ounces...
12/10/201507:02:38Current Report Filing (8-k)
12/10/201506:45:00Hecla Mourns the Passing of John H. Bowles, Director
11/30/201506:30:00Hecla to Celebrate 125th Anniversary in 2016
11/18/201514:30:00Hecla to Participate at the Silver Summit, Scotiabank and Bank...
11/04/201511:52:42Quarterly Report (10-q)
11/04/201506:31:47Current Report Filing (8-k)
11/04/201506:30:00Hecla Reports Third Quarter 2015 Results
10/22/201518:21:28How To Tease Apart The 'Silver' And 'Company' From A Silver Mining...
10/21/201513:00:00Hecla Third Quarter 2015 Financial Results Conference Call and...
10/20/201506:50:00Hecla Reports Third Quarter Production Results
10/09/201513:31:35More Upside Ahead For Hecla Mining
10/01/201502:11:00Hecla Increases Interest in Dolly Varden Silver Corporation
09/30/201511:06:00Stock Summaries from the Basic Materials Sector - Nabors Industries...
09/22/201508:09:00Technical Review on Stocks Under the Basic Materials Sector...

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