Hecla Declares Common and Preferred Dividends
February 21 2020 - 4:50PM
Business Wire
Hecla Mining Company (NYSE:HL) today announced its Board of
Directors declared a quarterly dividend of $0.0025 per share of
common stock, payable on or about March 13, 2020, to shareholders
of record on March 6, 2020. The Company’s realized silver price was
$17.47 in the fourth quarter of 2019 and therefore did not satisfy
the criterion for a larger dividend under the Company’s dividend
policy.
The Board of Directors also declared the regular quarterly
dividend of $0.875 per share on the 157,816 shares of outstanding
Series B Cumulative Convertible Preferred Stock. This represents a
total amount to be paid of approximately $138,000. The cash
dividend is payable April 1, 2020, to shareholders of record on
March 13, 2020.
ABOUT HECLA
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 mines
in Quebec and Nevada. The Company also has exploration and
pre-development properties in eight world-class silver and gold
mining districts in the U.S., Canada, and Mexico.
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. 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20200221005453/en/
Mike Westerlund Vice President, Investor Relations 800-HECLA91
(800-432-5291) Investor Relations Email: hmc-info@hecla-mining.com
Website: www.hecla-mining.com
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