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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)
03/22/201716:36:50Statement of Changes in Beneficial Ownership (4)
03/22/201716:23:41Statement of Changes in Beneficial Ownership (4)
03/22/201716:16:19Statement of Changes in Beneficial Ownership (4)
03/22/201716:03:13Statement of Changes in Beneficial Ownership (4)
03/22/201715:52:29Statement of Changes in Beneficial Ownership (4)
03/22/201715:42:36Statement of Changes in Beneficial Ownership (4)
03/21/201717:26:17Proxy Statement - Notice of Shareholders Meeting (preliminary...
03/13/201708:49:13Current Report Filing (8-k)
03/13/201708:45:00Hecla Reports Labor Strike at Lucky Friday
03/10/201706:30:00Hecla to Participate at the Deutsche Bank, CIBC and European...
03/02/201706:11:52Amended Current Report Filing (8-k/a)
02/23/201712:51:52Annual Report (10-k)
02/23/201708:05:42Current Report Filing (8-k)
02/23/201703:00:00Hecla Reports Fourth Quarter and Year 2016 Results
02/22/201722:46:00Hecla’s CEO Receives William Lawrence Saunders Gold Medal Award
02/22/201706:07:10Current Report Filing (8-k)
02/22/201703:00:00Hecla Reports Silver Reserves of 172 Million Ounces and Gold...
02/21/201706:30:00Hecla to Participate at the BMO Global Metals & Mining Conference...
02/13/201711:34:54Amended Statement of Ownership (sc 13g/a)

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