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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)
10/20/201606:26:00Current Report Filing (8-k)
10/18/201609:01:28Current Report Filing (8-k)
10/18/201606:30:00Hecla Reports 4.3 Million Ounces of Silver and 52,126 Ounces...
10/17/201606:30:00Hecla to Host Investor Day Webcast and Celebrates 125 Years by...
10/07/201612:40:47Amended Statement of Ownership (sc 13g/a)
09/22/201613:43:00Hecla to Participate at MINExpo 2016 and Deutsche Bank Leveraged...
09/14/201607:26:43Current Report Filing (8-k)
09/13/201619:14:00Hecla Completes Acquisition of Mines Management, Inc.
09/07/201606:30:00Hecla to Participate at Rodman & Renshaw, Denver Gold Forum and...
08/30/201617:12:53Statement of Changes in Beneficial Ownership (4)
08/12/201615:23:43Statement of Changes in Beneficial Ownership (4)
08/11/201618:49:05Statement of Changes in Beneficial Ownership (4)
08/10/201616:44:55Statement of Changes in Beneficial Ownership (4)
08/10/201616:33:09Statement of Changes in Beneficial Ownership (4)
08/10/201613:34:02Prospectus Filed Pursuant to Rule 424(b)(3) (424b3)
08/09/201612:30:11Report of Proposed Sale of Securities (144)
08/08/201617:09:06Registration Statement for Securities to Be Issued in Business...
08/05/201606:30:00Hecla to Participate at Jefferies 2016 Industrials Conference
08/04/201612:04:34Quarterly Report (10-q)

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