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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)
05/26/201618:15:00Milberg LLP Announces Investigation of Board of Directors' Decision...
05/25/201607:02:24Current Report Filing (8-k)
05/24/201607:03:54Current Report Filing (8-k)
05/24/201607:02:30Filing of Certain Prospectuses and Communications in Connection...
05/24/201607:00:00Hecla to Acquire Mines Management
05/20/201611:25:19Current Report Filing (8-k)
05/20/201606:30:00Hecla Declares Preferred Dividend
05/18/201606:30:00Hecla to Hold Annual Meeting of Shareholders in Spokane, Washington...
05/05/201611:59:52Quarterly Report (10-q)
05/05/201608:02:24Current Report Filing (8-k)
05/05/201605:30:00Hecla Reports First Quarter 2016 Results
05/03/201607:00:00Hecla to Participate at Bank of America Merrill Lynch Conference
04/27/201606:45:00Hecla First Quarter 2016 Financial Results Conference Call and...
04/14/201608:01:59Current Report Filing (8-k)
04/14/201606:30:00Hecla Reports a Record 4.6 Million Ounces of Silver and 55,688...
04/12/201618:04:14Statement of Changes in Beneficial Ownership (4)
04/11/201611:54:00Hecla to Participate at the CIBC Gold Forum and European Gold...
04/04/201608:03:03Additional Proxy Soliciting Materials (definitive) (defa14a)
04/04/201608:02:29Proxy Statement (definitive) (def 14a)

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