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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
12/08/201616:52:33Current Report Filing (8-k)
12/07/201617:24:13Statement of Changes in Beneficial Ownership (4)
12/06/201606:30:00Hecla Salutes Miners, Past and Present, on National Miner’s D...
12/05/201611:18:00Hecla Receives Mining Industry’s Top Safety Certification
11/23/201607:00:00Hecla to Participate at Bank of America Merrill Lynch Leveraged...
11/08/201615:52:55Quarterly Report (10-q)
11/08/201606:31:32Current Report Filing (8-k)
11/08/201606:30:00Hecla Reports Third Quarter 2016 Results
11/04/201606:30:00Hecla to Participate at Morgan Stanley Leveraged Finance Conference...
10/27/201606:30:00Hecla Third Quarter 2016 Financial Results Conference Call and...
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)

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