COEUR D???ALENE, Idaho--(BUSINESS WIRE)--Hecla Mining Company (NYSE:HL)
today announced its Board of Directors has elected to declare the
regular quarterly dividend of $0.875 per share on the outstanding Series
B Cumulative Convertible Preferred Stock, for a total amount of
approximately $138,000. The cash dividend is payable October 1, 2010, to
shareholders of record on September 15, 2010. There are a total of
157,816 shares of Preferred B Stock outstanding.
The Board of Directors also elected to declare the regular quarterly
dividend on the outstanding 6.5% Mandatory Convertible Preferred Stock
in the amount of $1.625 per share and to pay such dividend in cash, for
a total amount of approximately $3.27 million. The dividend is payable
October 1,??2010, to shareholders of record on September 15, 2010. There
are a total of 2,012,500 shares of the 6.5% Mandatory Convertible
Preferred Stock outstanding. Hecla???s Mandatory Convertible Preferred
Stock will be converted into common stock in January 2011.
Hecla Mining Company and its subsidiaries headquartered in Coeur
d???Alene, Idaho, mine, process and explore for silver and gold in the
United States and Mexico. Hecla has been in business for 119 years and
has long been well known in the mining world and financial markets as a
quality producer of silver and gold. Hecla???s common and preferred shares
are traded on the New York Stock Exchange under the symbols ???HL,???
???HL-PrB??? and ???HL-PrC.???
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Statements made which are not historical facts, such as anticipated
payments, litigation outcome, 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 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, exploration risks and
results, operating risks, project development risks, political risks,
labor issues and ability to raise financing. Refer to the company's Form
10-Q and 10-K 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.