Hecla to Celebrate 125th Anniversary in 2016
November 30 2015 - 6:30AM
Business Wire
Multiple events planned over the next year,
beginning with the American Exploration & Mining Association
Annual Conference
Hecla Mining Company (NYSE:HL) will mark its 125th anniversary
as a mining company in 2016. CEO and President, Phillips S. Baker,
Jr, will officially recognize this achievement with a keynote
address at the welcoming luncheon of the American Exploration &
Mining Association (formerly Northwest Mining Association) Annual
Meeting and Exposition in Spokane, Washington, on Wednesday,
December 2, 2015, at 12:00 p.m. PT. A PDF of the presentation
will be available on the Company’s website at
www.hecla-mining.com.
Founded in 1891, Hecla Mining Company is the oldest mining
company on the NYSE. “We have been in business longer than iconic
American companies such as Hershey Co., Dow Chemical and General
Electric,” said Mr. Baker. “We have operated through many price
cycles; from recessions and depressions to boom times, and it is a
testament to the power of our projects and the strength of our team
that we have weathered them all and are now a transformed company
having recently seen the highest reserves and production of our
history.”
The original Hecla mine was located near Burke, Idaho, and
operated for over 50 years. A fire in 1923 destroyed the town of
Burke and all of the Hecla mine buildings. The mine and mill were
rebuilt and processed ore from the Hecla until 1937 when it was
converted to a flotation plant to handle ore from the Star mine,
one of the deepest mines in North America. Ore was processed here
until the Star mine ceased operation in 1982. From these humble
beginnings, Hecla is today the largest primary silver producer in
the U.S. The company’s Lucky Friday mine has been in near
continuous operations for over 70 years. In 2016, Hecla expects to
complete a $225M shaft sinking to the 8,600 level that could extend
the mine life another 25 years; giving the mine nearly a 100 year
life, a truly unique accomplishment.
Over the next 12 months, Hecla will participate in a number of
industry and related conferences and events, including AMEBC
Roundup, PDAC, SME, CIM and MINExpo, among others. The Company has
also created a video of its history, which will be available soon
at www.hecla-mining.com. The American Exploration & Mining
Association is a 120-year-old, 2,500 member, non-profit,
non-partisan trade association based in Spokane, Washington.
About Hecla
Hecla Mining Company (NYSE:HL) is a leading low-cost U.S. silver
producer with operating mines in Alaska, Idaho, and Mexico and is a
gold producer with an operating mine in Quebec, Canada. The Company
also has exploration and pre-development properties in six
world-class silver and gold mining districts in the U.S., Canada,
and Mexico, and an exploration office and investments in
early-stage silver exploration projects in Canada.
Cautionary Note Regarding Forward-Looking Statements
Statements made or information provided in this news release
that are not historical facts, such as anticipated production,
sales of assets, exploration results and plans, costs, and prices
or sales performance are "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995 and
"forward-looking information" within the meaning of Canadian
securities laws. Words such as “may,” “will,” “should,” “expects,”
“intends,” “projects,” “believes,” “estimates,” “targets,”
“anticipates” and similar expressions are used to identify these
forward-looking statements. Forward-looking statements involve a
number of risks and uncertainties that could cause actual results
to differ materially from those projected, anticipated, expected or
implied. These risks and uncertainties include, but are not limited
to, metals price volatility, volatility of metals production and
costs, litigation, regulatory and environmental risks, operating
risks, project development risks, political risks, labor issues,
ability to raise financing and exploration risks and results. Refer
to the company's Form 10-K and 10-Q reports for a more detailed
discussion of factors that may impact expected future results. The
company undertakes no obligation and has no intention of updating
forward-looking statements other than as may be required by
law.
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version on businesswire.com: http://www.businesswire.com/news/home/20151130005333/en/
Hecla Mining CompanyJeanne DuPontCorporate Communications
CoordinatorInvestor and Public Relations1-800-HECLA91
(1-800-432-5291)hmc-info@hecla-mining.com
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