Form SD - Specialized disclosure report
25 Setembro 2024 - 4:58PM
Edgar (US Regulatory)
United States
Securities and Exchange Commission
Washington, D.C. 20549
FORM SD
Specialized Disclosure Report
HECLA MINING COMPANY
(Exact name of registrant as specified in its charter)
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Delaware |
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1-8491 |
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77-0664171 |
(State or other jurisdiction |
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(Commission |
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(I.R.S. Employer |
of incorporation) |
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File Number) |
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Identification No.) |
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6500 N. Mineral Drive, Suite 200 Coeur d'Alene, Idaho |
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83815-9408 (Zip Code) |
(Address of principal executive offices) |
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Russell D. Lawlar
Senior Vice President and Chief Financial Officer
(208) 769-4100
(Name and telephone number, including area code, of person to contact in connection with this report)
Check the appropriate box to indicate the rule pursuant to which this form is being filed, and provide the period to which the information in this form applies:
☐Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, 2023.
☒Rule 13q-1 under the Securities Exchange Act (17 CFR 240.13q-1) for the fiscal year ended December 31, 2023.
Section 1 – Conflict Minerals Disclosure
Item 1.01 Conflict Minerals Disclosure and Report
Not applicable
Item 1.02 Exhibit
Not applicable.
Section 2 – Resource Extraction Issuer Disclosure
Item 2.01. Resource Extraction Issuer Disclosure and Report
This Specialized Disclosure Form (“Form SD”) of Hecla Mining Company ("Hecla" or the "Company") is being filed in accordance with Rule 13q-1 under the Securities Exchange Act of 1934 (the “Rule”) for the reporting period ended December 31, 2023.
Report on payments to governments for the year ended December 31, 2023
This report provides disclosure of payments to governments made by Hecla and its consolidated subsidiaries for the fiscal year ended December 31, 2023 that meet the Form SD reporting requirements. All payments are reported in United States dollars ("USD"). Payments that were made in currencies other than in USDs have been converted to USD using the applicable exchange rates during 2023.
Disclosure of Payments by Resource Extraction Issuers
The payment disclosure required by this Item 2.01 is included as Exhibit 99.1 to this Form SD.
Recourse Extraction Issuer Disclosure
This Form SD is publicly available on our website, www.hecla.com, under the “Investors” section. The information contained on our website is not incorporated by reference into this Form SD and should not be considered part of this Form SD.
Section 3 – Exhibits
Item 3.01 Exhibits
The following exhibit is filed as part of this report on Form SD.
SIGNATURES
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 duly authorized undersigned.
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HECLA MINING CO/DE/ |
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Date: |
September 25, 2024 |
By: |
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/s/ Russell D. Lawlar |
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Russell D. Lawlar Senior Vice President and Chief Financial Officer |
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Resource Extraction Payment Report |
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Exhibit 2.01 |
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Hecla Mining Company |
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For the period January 1, 2023 to December 31, 2023 |
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Reporting Currency : United States Dollar |
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Payments by Payee |
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Country |
Payee Name |
Department, Agency etc. within Payee that Received Payments |
Taxes |
Royalties |
Fees |
Production Entitlements |
Bonuses |
Dividends |
Payments for infrastructure improvements |
Community and social responsibility payments that are required by law or contract |
Total Amount paid by Payee |
Notes |
Canada |
Abitibiwinni First Nation |
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$- |
$488,385 |
$320,583 |
$- |
$- |
$- |
$- |
$- |
$808,968 |
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Canada |
Eeyou Itschee James Bay Regional Government |
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$184,066 |
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$- |
$- |
$- |
$- |
$- |
$184,066 |
Municipal taxes |
Canada |
Government of Quebec |
Finance Ministry |
$- |
$- |
$134,036 |
$- |
$- |
$- |
$- |
$- |
$134,036 |
Permits and claims fees |
Canada |
Government of Quebec |
Revenue Ministry |
$5,462,297 |
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$- |
$- |
$- |
$- |
$- |
$5,462,297 |
Mining duties |
Mexico |
Federal Treasury |
Mining General Directorate |
$- |
$- |
$953,445 |
$- |
$- |
$- |
$- |
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$953,445 |
Concession fees |
United States of America |
Government of the United States of America |
Bureau of Land Management |
$- |
$- |
$1,424,000 |
$- |
$- |
$- |
$- |
$- |
$1,424,000 |
Unpatented claims maintenance fees |
Additional notes |
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Note 1. Amounts paid by our Canadian subsidiary were paid in Canadian dollars (CAD) and by our Mexican subsidiary in Mexican Pesos (MXP) and are automatically converted into United States Dollars at the exhange rate on the date of the |
transaction. The conversion is automatically performed by the accounting system used by the Company. For reference purposes the average exchange rates for fiscal year 2023 were as follows: 1USD : 1.3497 CAD and 1USD : 17.7634 MXP |
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Payments by project |
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Country |
Mineral type |
Project name |
Extraction method |
Taxes |
Royalties |
Fees |
Production Entitlements |
Bonuses |
Dividends |
Payments for infrastructure improvements |
Community and social responsibility payments that are required by law or contract |
Total Amount paid by Project |
Canada |
Gold |
Casa Berardi |
Underground and surface mining |
$5,646,363 |
$488,385 |
$454,619 |
$- |
$- |
$- |
$- |
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$6,589,367 |
Mexico |
Silver |
Other - San Sebastian |
Exploration |
$- |
$- |
$953,445 |
$- |
$- |
$- |
$- |
$- |
$953,445 |
United States of America |
Gold |
Other - Fire Creek |
Exploration |
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$166,200 |
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$166,200 |
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Other - Hollister |
Exploration |
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$203,200 |
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$203,200 |
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Other - Midas |
Exploration |
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$297,800 |
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$297,800 |
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Silver |
Other - Libby Exploration Project |
Exploration |
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$178,200 |
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$178,200 |
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Gold |
Other - Monte Cristo |
Exploration |
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$190,200 |
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$190,200 |
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Silver |
Other - Rio Grande Silver |
Exploration |
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$140,800 |
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$140,800 |
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Other - Silver Valley |
Exploration |
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$145,600 |
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$145,600 |
Additional notes |
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Note 1. Amounts paid by our Canadian subsidiary were paid in Canadian dollars (CAD) and by our Mexican subsidiary in Mexican Pesos (MXP) and are automatically converted into United States Dollars at the exhange rate on the date of the |
transaction. The conversion is automatically performed by the accounting system used by the Company. For reference purposes the average exchange rates for fiscal year 2023 were as follows: 1USD : 1.3497 CAD and 1USD : 17.7634 MXP |
v3.24.3
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v3.24.3
Payments, by Category - USD ($)
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Taxes |
Royalties |
Fees |
Total Payments |
Total |
$ 5,646,363
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$ 488,385
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$ 2,832,064
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$ 8,966,812
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v3.24.3
Payments, by Project - 12 months ended Dec. 31, 2023 - USD ($)
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Taxes |
Royalties |
Fees |
Total Payments |
Total |
$ 5,646,363
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$ 488,385
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$ 2,832,064
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$ 8,966,812
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Casa Berardi Project |
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Total |
$ 5,646,363
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$ 488,385
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454,619
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6,589,367
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Other - San Sebastian Project |
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Total |
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953,445
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953,445
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Other - Fire Creek Project |
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Total |
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166,200
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166,200
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Other - Hollister Project |
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Total |
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203,200
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203,200
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Other - Midas Project |
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Total |
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297,800
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297,800
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Other - Libby Exploration Project |
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Total |
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178,200
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178,200
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Other - Monte Cristo Project |
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Total |
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190,200
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190,200
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Other - Rio Grande Silver Project |
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Total |
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140,800
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140,800
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Other - Silver Valley Project |
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Total |
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$ 145,600
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$ 145,600
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v3.24.3
Payments, by Government - 12 months ended Dec. 31, 2023 - USD ($)
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Taxes |
Royalties |
Fees |
Total Payments |
Total |
$ 5,646,363
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$ 488,385
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$ 2,832,064
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$ 8,966,812
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Canada | Abitibiwinni First Nation |
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Total |
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$ 488,385
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320,583
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808,968
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Canada | Eeyou Itschee James Bay Regional Government |
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Total |
184,066
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184,066
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Canada | Finance Ministry Government of Quebec |
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Total |
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134,036
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134,036
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Canada | Revenue Ministry Government of Quebec |
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Total |
$ 5,462,297
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5,462,297
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Mexico | Federal Treasury of Mining General Directorate |
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Total |
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953,445
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953,445
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United States of America | United States of America Bureau of Land Management |
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Total |
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$ 1,424,000
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$ 1,424,000
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v3.24.3
Payments, Details - 12 months ended Dec. 31, 2023 - USD ($)
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Amount |
Type |
Country |
Subnat. Juris. |
Govt. |
Project |
Resource |
Ext. Method |
#: 1 |
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$ 488,385
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Royalties
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Canada
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snj:CA-QC
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Abitibiwinni First Nation
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Casa Berardi Project
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Gold [Member]
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Underground Mining
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#: 2 |
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320,583
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Fees
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Canada
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snj:CA-QC
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Abitibiwinni First Nation
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Casa Berardi Project
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Gold [Member]
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Underground Mining
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#: 3 |
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184,066
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Taxes
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Canada
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snj:CA-QC
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Eeyou Itschee James Bay Regional Government
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Casa Berardi Project
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Gold [Member]
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Underground Mining
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#: 4 |
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134,036
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Fees
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Canada
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snj:CA-QC
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Finance Ministry Government of Quebec
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Casa Berardi Project
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Gold [Member]
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Underground Mining
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#: 5 |
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5,462,297
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Taxes
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Canada
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snj:CA-QC
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Revenue Ministry Government of Quebec
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Casa Berardi Project
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Gold [Member]
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Underground Mining
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#: 6 |
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953,445
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Fees
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Mexico
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Federal Treasury of Mining General Directorate
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Other - San Sebastian Project
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Silver [Member]
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Underground Mining
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#: 7 |
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166,200
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Fees
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United States of America
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United States of America Bureau of Land Management
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Other - Fire Creek Project
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Gold [Member]
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Underground Mining
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#: 8 |
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203,200
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Fees
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United States of America
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United States of America Bureau of Land Management
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Other - Hollister Project
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Gold [Member]
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Underground Mining
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#: 9 |
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297,800
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Fees
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United States of America
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United States of America Bureau of Land Management
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Other - Midas Project
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Gold [Member]
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Underground Mining
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#: 10 |
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178,200
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Fees
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United States of America
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United States of America Bureau of Land Management
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Other - Libby Exploration Project
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Silver [Member]
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Underground Mining
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#: 11 |
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190,200
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Fees
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United States of America
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United States of America Bureau of Land Management
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Other - Monte Cristo Project
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Gold [Member]
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Underground Mining
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#: 12 |
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140,800
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Fees
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United States of America
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United States of America Bureau of Land Management
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Other - Rio Grande Silver Project
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Silver [Member]
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Underground Mining
|
#: 13 |
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$ 145,600
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Fees
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United States of America
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United States of America Bureau of Land Management
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Other - Silver Valley Project
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Silver [Member]
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Underground Mining
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Hecla Mining (NYSE:HL-B)
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