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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; Andrew.FitzGerald@dowjones.com

Stock News for Hecla Mining (HL)
DateTimeHeadline
05/22/201516:08:07Current Report Filing (8-k)
05/14/201508:00:00HECLA ANNONCE SES RÉSULTATS DU PREMIER TRIMESTRE 2015
05/11/201508:30:00Hecla to Participate at Bank of America Merrill Lynch Global...
05/08/201511:59:09Prospectus Filed Pursuant to Rule 424(b)(3) (424b3)
05/08/201506:16:14Quarterly Report (10-q)
05/07/201508:00:00Hecla Reports First Quarter 2015 Results
05/07/201506:13:51Current Report Filing (8-k)
05/01/201519:51:59Hecla Mining Company Stock Rating Reaffirmed by Zacks (HL)
05/01/201506:02:06Notice of Effectiveness (effect)
04/29/201517:22:19Registration Statement for Securities to Be Issued in Business...
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...
04/08/201508:30:00Hecla to Participate at CIBC Gold Forum and European Gold Forum
04/08/201508:10:04Additional Proxy Soliciting Materials (definitive) (defa14a)
04/08/201508:09:16Proxy Statement (definitive) (def 14a)
03/30/201505:31:17Metals And Mining: Where The Wild Yields Are
03/27/201518:58:00REVETT MINING COMPANY, INC. SHAREHOLDER ALERT: Rigrodsky & Long...
03/27/201518:13:00REVETT MINING INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF...
03/27/201508:20:31Revett Mining to be acquired by Hecla Mining in $20M stock deal

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