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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; [email protected]

Stock News for Hecla Mining (HL)
DateTimeHeadline
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)
02/13/201710:36:40Amended Statement of Ownership (sc 13g/a)
02/09/201708:32:34Statement of Ownership (sc 13g)
02/06/201706:30:00Hecla Fourth Quarter and Year-End 2016 Financial Results Conference...
01/24/201706:08:36Amended Statement of Ownership (sc 13g/a)
01/19/201706:30:00Hecla to Participate at the CIBC and Mineral Exploration Roundup...
01/10/201707:24:00Current Report Filing (8-k)
01/10/201705:00:00Hecla Reports 17.2 Million Ounces of Silver and 233,929 Ounces...
01/04/201712:02:28Initial Statement of Beneficial Ownership (3)
12/13/201607:00:00HECLA ANNONCE SES RÉSULTATS DU TROISIÈME TRIMESTRE 2016
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...

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