COEUR D’ALENE, Idaho--(BUSINESS WIRE)--Hecla Mining Company (NYSE:HL) is marking its 125th anniversary as a mining company in 2016. One event recognizing this achievement will be Hecla’s Annual Meeting of Shareholders being held in Spokane, Washington, the home of its original founders Patsy Clark, Amasa Campbell, and John Finch.
The Annual Meeting of Shareholders will be held at the Northwest Museum of Arts & Culture (MAC) located at 2316 W. 1st Avenue in Spokane on Thursday, May 19, 2016, at 10:00 a.m. Pacific Time. The MAC is located next door to the Campbell House, the home of Amasa Campbell.
Founded in 1891, Hecla Mining Company is the oldest mining company on the NYSE. “Hecla is the longest standing precious metals company in North America,” said Phillips S. Baker, Jr, Hecla’s President and CEO. “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 with the most silver reserves and metal production in our 125-year history. We are recognizing this achievement by holding our annual meeting in Spokane, where the Company began.”
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., with operations in the U.S., Canada and Mexico. The company’s Lucky Friday mine has been in near continuous operations for over 70 years. Hecla has completed the excavation of the #4 Shaft to nearly two miles below the surface that could extend the mine life another 20-30 years; giving the mine nearly a 100-year life, a truly unique accomplishment.
A video celebrating Hecla’s 125th anniversary is available on the company’s website at www.hecla-mining.com.
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 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. Such forward looking statements may include, without limitation: Expected completion of the #4 Shaft and mine life extension of 20-30 years. 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.