HECLA MINING CO/DE/ false 0000719413 0000719413 2023-08-21 2023-08-21 0000719413 us-gaap:CommonStockMember 2023-08-21 2023-08-21 0000719413 hl:SeriesBCumulativePreferredStockMember 2023-08-21 2023-08-21

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): August 21, 2023

 

 

HECLA MINING COMPANY

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   1-8491   77-0664171
(State or other jurisdiction
of incorporation)		   (Commission
File Number)		   (IRS Employer
Identification No.)

6500 North Mineral Drive, Suite 200

Coeur d’Alene, Idaho 83815-9408

(Address of principal executive offices) (Zip Code)

(208) 769-4100

Registrant’s telephone number, including area code

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

  

Trading
Symbol(s)

  

Name of each exchange
on which registered

Common Stock, par value $0.25 per share   HL   New York Stock Exchange
Series B Cumulative Convertible Preferred Stock, par value $0.25 per share   HL-PB   New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

Item 8.01.

Other

On August 21, 2023, the Company issued a news release regarding an update at its Lucky Friday operation. The news release is attached hereto as Exhibit 99.1 to this Form 8-K.

 

Item 9.01

Financial Statements and Exhibits.

(d) Exhibits

 

    Exhibit
Number		   

Description

  99.1    News Release dated August 21, 2023.*
  104    Cover Page Interactive Data File (formatted as inline XBRL).

 

*

Filed herewith

 

2

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

HECLA MINING COMPANY
By  

    /s/ David C. Sienko

        David C. Sienko
        Vice President and General Counsel

Dated: August 21, 2023

 

3

Exhibit 99.1

 

LOGO

NEWS RELEASE

HECLA ANNOUNCES LUCKY FRIDAY UPDATE

FOR IMMEDIATE RELEASE

August 21, 2023

COEUR D’ALENE, IDAHO — Hecla Mining Company (NYSE:HL) announced an update on the Lucky Friday mine. A fall of ground occurred in the mine’s #2 shaft, a secondary egress, at an unused station that was under repair. While a full inspection has not occurred, the failure appears to be caused by a fire that is contained and under control. Steps are being taken to ensure the fire is extinguished before normal ventilation is re-established. No personnel were in the mine at the time of the failure. The Mine Safety and Health Administration (“MSHA”) was notified.

The incident occurred approximately 500 feet from the bottom of the active portion of the shaft and is expected to impact production and cost guidance for the mine. The Company is working on a plan to resume production and will update 2023 guidance once the plan is developed.

ABOUT HECLA

Founded in 1891, Hecla Mining Company (NYSE: HL) is the largest silver producer in the United States. In addition to operating mines in Alaska, Idaho, and Quebec, Canada, the Company is developing a mine in the Yukon, Canada, and owns a number of exploration and pre-development projects in world-class silver and gold mining districts throughout North America.

For further information, please contact:

Anvita M. Patil, Vice President – Investor Relations and Treasurer

Cheryl Turner, Communications Coordinator

800-HECLA91 (800-432-5291)

Investor Relations

Email: hmc-info@hecla-mining.com

Website: www.hecla.com

 

        Hecla Mining Company • 1-800-432-5291 • hmc-info@hecla.com   1
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