Hecla to Celebrate 125th Anniversary in 2016
COEUR D’ALENE, Idaho--(BUSINESS WIRE)--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.
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.