COEUR D’ALENE, Idaho--(BUSINESS WIRE)--Hecla Mining Company (NYSE:HL) is pleased to announce that Senior Vice President - Exploration, Dr. Dean McDonald, received the A.O. Dufresne Exploration Achievement Award from the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), at the CIM Annual Awards Gala in Montreal, Quebec on Monday night. This award recognizes Dr. McDonald’s “exceptional contributions to mining exploration in Canada.”
“Congratulations to Dean on receiving this prestigious award,” said Phillips S. Baker, Jr., President and CEO. “We believe the largest risk to mining companies today is the ability to replace reserves. Dean and his exploration team have been instrumental in Hecla maintaining its strong and growing reserve and resource profile over the past 10 years; as we added 299 million silver ounces to reserves despite price volatility and the recent trend in the industry of declining reserves.”
“I would like to thank the CIM for this recognition, and commend the organization for the positive impact it has on the mining industry in Canada and around the world and specifically on my career,” said Dr. McDonald. “I share this award with the exploration teams I have worked in the past and currently at each of our sites, without whom this success would not be possible. This award has particular personal significance to me, as my father was awarded the Canadian Mineral Processor Medal by the CIM - Mineral Processors Division, fifteen years ago.”
Founded in 1891, 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 growing gold producer with an operating mine in Quebec, Canada. The Company also has exploration and pre-development properties in seven 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 Statements Regarding Forward Looking Statements
Statements made or information provided in this news release that are not historical facts 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. Such forward-looking statements or forward-looking information include statements or information regarding estimates of silver production for 2016 on a consolidated basis and at each of the Greens Creek, Lucky Friday and San Sebastian mines, annual gold production for 2016 at Casa Berardi, and fourth quarter 2016 production. The material factors or assumptions used to develop such forward-looking statements or forward-looking information include that the Company’s plans for development and production will proceed as expected and will not require revision as a result of risks or uncertainties, whether known, unknown or unanticipated, to which the Company’s operations are subject.
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 10K 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.