<SEC-DOCUMENT>0001157523-18-000048.txt : 20180110
<SEC-HEADER>0001157523-18-000048.hdr.sgml : 20180110
<ACCEPTANCE-DATETIME>20180110060029
ACCESSION NUMBER:		0001157523-18-000048
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20180110
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20180110
DATE AS OF CHANGE:		20180110

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HECLA MINING CO/DE/
		CENTRAL INDEX KEY:			0000719413
		STANDARD INDUSTRIAL CLASSIFICATION:	MINING, QUARRYING OF NONMETALLIC MINERALS (NO FUELS) [1400]
		IRS NUMBER:				770664171
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08491
		FILM NUMBER:		18520254

	BUSINESS ADDRESS:	
		STREET 1:		6500 N MINERAL DRIVE SUITE 200
		STREET 2:		NONE
		CITY:			COEUR D'ALENE
		STATE:			ID
		ZIP:			83815-9408
		BUSINESS PHONE:		2087694100

	MAIL ADDRESS:	
		STREET 1:		6500 N MINERAL DRIVE SUITE 200
		STREET 2:		NONE
		CITY:			COEUR D'ALENE
		STATE:			ID
		ZIP:			83815-9408
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a51740742.htm
<DESCRIPTION>HECLA MINING COMPANY 8-K
<TEXT>
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      <br>
      <br>
      <font style="font-family: Times New Roman; font-size: 12pt"><b>UNITED
      STATES</b></font><br><font style="font-family: Times New Roman; font-size: 12pt"><b>SECURITIES
      AND EXCHANGE COMMISSION</b></font><br><font style="font-family: Times New Roman; font-size: 12pt"><b>WASHINGTON,
      DC 20549</b></font>
    </p>
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    <p style="text-align: center">
      <br>
      <font style="font-family: Times New Roman; font-size: 12pt"><b>FORM 8-K</b></font>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>C</b></font><b><font style="font-family: Times New Roman; font-size: 10pt">URRENT</font><font style="font-family: Times New Roman; font-size: 12pt">
      R</font><font style="font-family: Times New Roman; font-size: 10pt">EPORT</font><font style="font-family: Times New Roman; font-size: 12pt">
      P</font><font style="font-family: Times New Roman; font-size: 10pt">URSUANT</font><font style="font-family: Times New Roman; font-size: 12pt">
      </font><font style="font-family: Times New Roman; font-size: 10pt">TO</font><font style="font-family: Times New Roman; font-size: 12pt">
      S</font><font style="font-family: Times New Roman; font-size: 10pt">ECTION</font><font style="font-family: Times New Roman; font-size: 12pt">
      13 </font><font style="font-family: Times New Roman; font-size: 10pt">OR</font><font style="font-family: Times New Roman; font-size: 12pt">
      15(d) </font><font style="font-family: Times New Roman; font-size: 10pt">OF</font></b><br><font style="font-family: Times New Roman; font-size: 12pt"><b>T</b></font><b><font style="font-family: Times New Roman; font-size: 10pt">HE</font><font style="font-family: Times New Roman; font-size: 12pt">
      S</font><font style="font-family: Times New Roman; font-size: 10pt">ECURITIES</font><font style="font-family: Times New Roman; font-size: 12pt">
      E</font><font style="font-family: Times New Roman; font-size: 10pt">XCHANGE</font><font style="font-family: Times New Roman; font-size: 12pt">
      A</font><font style="font-family: Times New Roman; font-size: 10pt">CT</font><font style="font-family: Times New Roman; font-size: 12pt">
      </font><font style="font-family: Times New Roman; font-size: 10pt">OF</font><font style="font-family: Times New Roman; font-size: 12pt">
      1934</font></b>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt">Date of
      Report (Date of earliest event reported): </font><font style="font-family: Times New Roman; font-size: 12pt"><b>January
      10, 2018</b></font>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>HECLA
      MINING COMPANY</b></font><br><font style="font-family: Times New Roman; font-size: 12pt">(Exact
      Name of Registrant as Specified in Its Charter)</font>
    </p>
    <div style="text-align:center">
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          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Delaware</b>
          </p>
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          &#160;
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          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>1-8491</b>
          </p>
        </td>
        <td style="width: 2%">
          &#160;
        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: center; width: 32%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>77-0664171</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center; width: 32%">
          (State or Other Jurisdiction
        </td>
        <td style="width: 2%">

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center; width: 32%">
          (Commission File Number)
        </td>
        <td style="width: 2%">

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center; width: 32%">
          (IRS Employer Identification No.)
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        <td valign="bottom" style="padding-left: 0.0px; text-align: center; width: 32%">
          of Incorporation)
        </td>
        <td style="width: 2%">

        </td>
        <td style="width: 32%">

        </td>
        <td style="width: 2%">

        </td>
        <td style="width: 32%">

        </td>
      </tr>
    </table>
    </div>
    <div style="text-align:center">
    <table cellspacing="0" style="font-size: 10pt; width: 100%; margin-left:auto;margin-right:auto; margin-bottom: 10.0px; font-family: Times New Roman">
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>6500 North Mineral Drive, Suite 200</b>
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Coeur d'Alene, Idaho 83815-9408</b>
          </p>
        </td>
      </tr>
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        <td valign="bottom" style="padding-left: 0.0px; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Address of Principal Executive Offices) (Zip Code)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 10pt"><b>(208)
      769-4100</b></font><br><font style="font-family: Times New Roman; font-size: 10pt">(Registrant's
      Telephone Number, Including Area Code)</font>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 10pt"><b>N/A</b></font><br><font style="font-family: Times New Roman; font-size: 10pt">(Former
      name or Former Address, if Changed Since Last Report)</font>
    </p>
    <p>
      <font style="font-family: Times New Roman; font-size: 10pt">Check the
      appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the filing obligation of the registrant under any
      of the following provisions:</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font><br><font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
      CFR 240.14a-12(b))<br><font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font><br><font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
    <p>
      Indicate by check mark whether the registrant is an emerging growth
      company as defined in Rule 405 of the Securities act of 1933 (&#167;230.405
      of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934
      (&#167;240.12b-2 of this chapter).
    </p>
    <p>
      Emerging growth company <font style="font-family: Arial Unicode MS; font-size: 12pt">&#8414;</font>
    </p>
    <p>
      If an emerging growth company, indicate by check mark if the registrant
      has elected not to use the extended transition period for complying with
      any new or revised financial accounting standards provided pursuant to
      Section 13(a) of the Exchange Act. <font style="font-family: Arial Unicode MS; font-size: 12pt">&#8414;</font>
    </p>
    <hr style="color: #000000; text-align: center; height: 1.0 pt; width: 100%">
    <hr style="color: #000000; text-align: center; height: 1.0 pt; width: 100%">


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        <div style="text-align: center">

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          <hr style="color: black; height: 1.5pt">

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      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="white-space: nowrap; text-align: justify">
      <b>Item 2.02&#160;&#160;Results of Operations and Financial Condition.</b>
    </p>
    <p style="text-align: justify; text-indent: 30.0px">
      On January 10, 2018, Hecla Mining Company (the &#8220;Company&#8221;) issued a news
      release announcing preliminary production and financial results for the
      fourth quarter and full year ended December 31, 2017.&#160;&#160;All measures of
      the Company's fourth quarter and full year 2017 operating and financial
      results and conditions contained in the news release are preliminary and
      reflect the Company&#8217;s expected results as of the date of the news
      release. Actual reported fourth quarter and full year 2017 results are
      subject to management's final review as well as review by the Company's
      independent registered accounting firm and may vary significantly from
      current expectations because of a number of factors, including, without
      limitation, additional or revised information and changes in accounting
      standards or policies or in how those standards are applied. A copy of
      the news release is attached as Exhibit 99.1 to this Current Report and
      is incorporated herein by reference.&#160;&#160;
    </p>
    <p style="text-align: justify; text-indent: 30.0px">
      In accordance with General Instruction B.2 of Form 8-K, the information
      in this Item 2.02, including Exhibit 99.1, is being furnished and shall
      not be deemed to be &#8220;filed&#8221; for purposes of Section 18 of the Securities
      Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;), or otherwise
      subject to the liability of that section, and shall not be incorporated
      by reference into any of the Company&#8217;s filings or other document filed
      under the Securities Act of 1933, as amended, or the Exchange Act,
      except as shall be expressly set forth by specific reference in such
      filing.
    </p>
    <p>
      <b>Item 9.01&#160;&#160;Financial Statements and Exhibits.</b><br><br>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(d)&#160;&#160;Exhibits
    </p>
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          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Exhibit Number</b>
          </p>
        </td>
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          &#160;
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          <b>Description</b>
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        </td>
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        </td>
        <td style="width: 2%">

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          &#160;
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        <td valign="top" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: left; width: 6%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <a href="a51740742ex99_1.htm">99.1</a>
          </p>
        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left; width: 2%">

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 88%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <a href="a51740742ex99_1.htm">News Release, dated January10, 2018.*</a>
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            * Furnished herewith
          </p>
        </td>
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        <div style="text-align: left">

        </div>
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      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
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      <div>
        <div style="text-align: right">

        </div>
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    </div>
    <p style="text-align: center">

    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 10pt"><b>SIGNATURE</b></font>
    </p>
    <p style="text-align: justify; text-indent: 30.0px">
      <font style="font-family: Times New Roman; font-size: 10pt">Pursuant to
      the requirements of the Securities Exchange Act of 1934, the registrant
      has duly caused this report to be signed on its behalf by the
      undersigned hereunto duly authorized.</font>
    </p>
    <p style="text-align: justify; text-indent: 30.0px">

    </p>
    <div style="text-align:center">
    <table cellspacing="0" style="font-size: 10pt; width: 100%; margin-left:auto;margin-right:auto; margin-bottom: 10.0px; font-family: Times New Roman">
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          <p style="margin-top: 0px; margin-bottom: 0px">
            Dated:
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 43%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            January 10, 2018
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 3%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td style="width: 47%">

        </td>
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        </td>
        <td style="width: 43%">

        </td>
        <td style="width: 3%">

        </td>
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          &#160;
        </td>
      </tr>
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        <td style="width: 7%">

        </td>
        <td style="width: 43%">

        </td>
        <td colspan="2" valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Hecla Mining Company</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 7%">

        </td>
        <td style="width: 43%">

        </td>
        <td style="width: 3%">

        </td>
        <td style="width: 47%">
          &#160;
        </td>
      </tr>
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        <td style="width: 7%">

        </td>
        <td style="width: 43%">

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 3%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td style="width: 47%">

        </td>
      </tr>
      <tr>
        <td style="width: 7%">

        </td>
        <td style="width: 43%">

        </td>
        <td valign="top" style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left; width: 3%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            By:
          </p>
        </td>
        <td valign="top" style="padding-left: 20.0px; border-bottom-style: solid; border-bottom-color: black; text-align: left; width: 47%; border-bottom-width: 1.0pt">
          <p style="margin-top: 0px; margin-bottom: 0px">
            /s/ David C. Sienko
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 7%">

        </td>
        <td style="width: 43%">

        </td>
        <td style="width: 3%">

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 47%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            David C. Sienko
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 7%">

        </td>
        <td style="width: 43%">

        </td>
        <td style="width: 3%">

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 47%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Vice President &amp;&#160;General Counsel
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a51740742ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>
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    <title></title>
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<!--All rights reserved www.businesswire.com-->
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    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>Hecla
      Reports 12.5 Million Ounces of Silver and 232,685 Ounces of Gold
      Production in 2017</b></font>
    </p>
    <p>
      COEUR D'ALENE, Idaho--(BUSINESS WIRE)--January 10, 2018--Hecla Mining
      Company (NYSE:HL) today announced preliminary silver and gold production
      results&#185; for the fourth quarter and full year 2017.
    </p>
    <p>
      <b>2017 HIGHLIGHTS</b>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        Silver production of 12.5 million ounces, the second highest behind
        the record achieved in 2016, and gold production of 232,685 ounces,
        the third highest in Company history.
      </li>
      <li style="margin-bottom: 10.0px">
        Silver equivalent production of 40.9 million ounces and gold
        equivalent production of 554,843 ounces.<sup>2</sup>
      </li>
      <li style="margin-bottom: 10.0px">
        Lead production of 22,734 tons; zinc production of 55,109 tons.
      </li>
      <li style="margin-bottom: 10.0px">
        Gold production at Casa Berardi highest since its acquisition.
      </li>
      <li style="margin-bottom: 10.0px">
        Cash, cash equivalents and short-term investments of approximately
        $219 million at December 31, 2017, an increase of about $20 million
        over December 31, 2016.
      </li>
    </ul>
    <p>
      &#8220;Our mines finished the year strongly, with Greens Creek exceeding our
      estimates again this year and Casa Berardi and San Sebastian performing
      at the upper end of our estimates, generating the second highest annual
      silver production and third highest gold production in our 126-year
      history,&#8221; said Phillips S. Baker, Jr., Hecla&#8217;s President and CEO. &#8220;Their
      performance is a result of the focus on increasing throughput, with
      Greens Creek and Casa Berardi both achieving records. Although annual
      silver production has declined from 2016 as a result of the strike at
      the Lucky Friday, two things about 2017 stand out. First, silver
      production was better than any other year in our history except last
      year. Second, our cash position increased $20 million, reflecting what a
      good year it was for Hecla. We are well-positioned for 2018.&#8221;
    </p>
<div style="text-align:left">
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          (1)
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          See cautionary statement regarding preliminary statements at the end
          of this release.
        </td>
      </tr>
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          (2)
        </td>
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        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Silver and gold equivalent calculation based on average actual
          prices for each metal in the year as follows: $17.05 for Ag, $1,257
          for Au, $1.05 for Pb, and $1.31 for Zn. Guidance calculation based
          on the following prices: $17.25 for Ag, $1,225 for Au, $1.05 for Pb,
          and $1.30 for Zn.
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <p>
      <b>Greens Creek</b>
    </p>
    <p>
      At the Greens Creek mine in 2017, 8.4 million ounces of silver and
      50,855 ounces of gold were produced. For the fourth quarter, 2.1 million
      ounces of silver and 11,565 ounces of gold were produced. Lower silver
      and gold production, when compared to 2016, was due to the expected
      lower grades but the silver production still exceeded our estimates. The
      mill operated at an average of 2,300&#160;tons per day (tpd) in 2017, a
      record which is about 15% greater than the throughput when we became the
      operator in 2008.
    </p>
    <div style="margin-right: 0pt; width: 100%; margin-bottom: 10pt; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>Lucky Friday</b>
    </p>
    <p>
      At the Lucky Friday mine, 838,657 ounces and 69,578 ounces of silver
      were produced for the year and the fourth quarter, respectively.
      Production in each timeframe is lower as compared to 2016 due to the
      ongoing strike by unionized employees. Limited production and capital
      improvements, performed by salaried staff, and limited shipments of
      concentrate occurred in the fourth quarter. To access the Lucky Friday
      Labor Negotiations Q&amp;A on the Company&#8217;s website, click on the following
      link <u>http://luckyfriday.hecla-mining.com</u>.
    </p>
    <p>
      <b>Casa Berardi</b>
    </p>
    <p>
      At the Casa Berardi mine in 2017, 156,653 ounces of gold were produced,
      including 37,922 ounces from the East Mine Crown Pillar pit. For the
      fourth quarter, 43,444 ounces of gold were produced including 12,333
      ounces from the East Mine Crown Pillar pit. The mine produced as
      expected, with an increase of eleven thousand ounces compared to 2016.
      The mill operated at an average of 3,551&#160;tpd in 2017, 825 tpd more than
      2016 and about 1,350 tpd more than at acquisition.
    </p>
    <p>
      <b>San Sebastian</b>
    </p>
    <p>
      At the San Sebastian mine in 2017, 3.3 million ounces of silver and
      25,177 ounces of gold were produced. For the fourth quarter, 759,100
      ounces of silver and 5,955 ounces of gold were produced. Although silver
      and gold production as compared to 2016 were lower, both still exceeded
      our estimates for the year. The mill operated at an average of 395 tpd
      in 2017.
    </p>
    <p>
      <b>PRODUCTION SUMMARY</b>
    </p>
<div style="text-align:left">
    <table cellspacing="0" style="font-size: 8pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="4">

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="4">

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="4" valign="middle" style="padding-left: 0.0px; text-align: center">
          <b>Fourth Quarter Ended</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="4" valign="middle" style="padding-left: 0.0px; text-align: center">
          <b>Twelve Months Ended</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="middle" style="padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black; text-align: center; border-bottom-width: 1.0pt">
          <b>December 31, 2017</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="middle" style="padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black; text-align: center; border-bottom-width: 1.0pt">
          December 31, 2016
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="middle" style="padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black; text-align: center; border-bottom-width: 1.0pt">
          <b>December 31, 2017</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="middle" style="padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black; text-align: center; border-bottom-width: 1.0pt">
          December 31, 2016
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black; text-align: center; border-bottom-width: 1.0pt">
          <b>PRODUCTION</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black; text-align: center; border-bottom-width: 1.0pt">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Increase/</b><br><b>(Decrease)</b>
          </p>
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; border-bottom-style: solid; border-bottom-color: black; text-align: center; border-bottom-width: 1.0pt">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Increase/</b><br><b>(Decrease)</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Silver</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right">
          <b>2,984,786 oz.</b>
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right">
          3,976,552 oz.
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          <b>(25)%</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right">
          <b>12,484,843 oz.</b>
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right">
          17,177,317 oz.
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          <b>(27)%</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Gold</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right">
          <b>60,964 oz.</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right">
          63,150 oz.
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          <b>(4)%</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right">
          <b>232,685 oz.</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right">
          233,929 oz.
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          <b>0%</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Lead<sup>1</sup></b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right">
          <b>4,308 tons</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right">
          10,632 tons
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          <b>(60)%</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right">
          <b>22,734 tons</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right">
          42,472 tons
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          <b>(47)%</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Zinc</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right">
          <b>12,108 tons</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right">
          18,195 tons
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          <b>(34)%</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right">
          <b>55,109 tons</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right">
          68,516 tons
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          <b>(20)%</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Greens Creek</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right">
          <b>2,146,223 silver oz.</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right">
          2,232,855 silver oz.
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          <b>(4)%</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right">
          <b>8,351,883 silver oz.</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right">
          9,253,543 silver oz.
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          <b>(10)%</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Greens Creek</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right">
          <b>11,565 gold oz.</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right">
          14,415 gold oz.
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          <b>(20)%</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right">
          <b>50,855 gold oz.</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right">
          53,912 gold oz.
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          <b>(6)%</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Lucky Friday<sup>1</sup></b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right">
          <b>69,578 silver oz.</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right">
          874,019 silver oz.
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          <b>(92)%</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right">
          <b>838,657 silver oz.</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right">
          3,596,010 silver oz.
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          <b>(77)%</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Casa Berardi<sup>2</sup></b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right">
          <b>43,444 gold oz.</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right">
          41,693 gold oz.
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          <b>4%</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right">
          <b>156,653 gold oz.</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right">
          145,975 gold oz.
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          <b>7%</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>San Sebastian</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right">
          <b>759,100 silver oz.</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right">
          860,071 silver oz.
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          <b>(12)%</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right">
          <b>3,257,738 silver oz.</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right">
          4,294,123 silver oz.
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          <b>(24)%</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>San Sebastian</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right">
          <b>5,955 gold oz.</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right">
          7,042 gold oz.
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          <b>(15)%</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right">
          <b>25,177 gold oz.</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right">
          34,042 gold oz.
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: right">
          <b>(26)%</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="font-size: 8pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman">
      <tr>
        <td valign="top" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: left">
          (1)
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Union workers at Lucky Friday have been on strike since March 13,
          2017. Limited production being carried out by salaried staff.
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; text-align: left">
          (2)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Casa Berardi also produced 9,885 ounces of silver in the fourth
          quarter 2017 and 36,565 ounces of silver in 2017. It also produced
          9,607 ounces of silver for fourth quarter 2016 and 33,641 ounces of
          silver for 2016.
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; width: 100%; margin-bottom: 10pt; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>ABOUT HECLA</b>
    </p>
    <p>
      Founded in 1891,<b> </b>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.
    </p>
    <p>
      <b>Cautionary Statements Regarding Preliminary Results</b>
    </p>
    <p>
      All measures of the Company&#8217;s fourth quarter and year-end 2017 operating
      and financial results contained in this news release, including cash,
      cash equivalents and short-term investments, are preliminary and reflect
      the Company&#8217;s expected results as of the date of this news release.
      Actual reported fourth quarter and year-end 2017 results are subject to
      management&#8217;s final review as well as review by the Company&#8217;s independent
      registered public accounting firm and may vary significantly from those
      expectations because of a number of factors, including, without
      limitation, additional or revised information and changes in accounting
      standards or policies or in how those standards are applied.
    </p>
    <p>
      <b>Cautionary Statements Regarding Forward-Looking Statements</b>
    </p>
    <p>
      Statements made or information provided in this news release that are
      not historical facts are &quot;forward-looking statements&quot; within the meaning
      of the Private Securities Litigation Reform Act of 1995 and
      &#8220;forward-looking information&#8221; within the meaning of Canadian securities
      laws. Words such as &#8220;may,&#8221; &#8220;will,&#8221; &#8220;should,&#8221; &#8220;expects,&#8221; &#8220;intends,&#8221;
      &#8220;projects,&#8221; &#8220;believes,&#8221; &#8220;estimates,&#8221; &#8220;targets,&#8221; &#8220;anticipates&#8221; 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 the fourth quarter and year-end 2017 on a
      consolidated basis and at each of the Greens Creek, Lucky Friday and San
      Sebastian mines, and fourth quarter and year-end 2017 gold production at
      Casa Berardi, as well as year-end cash position. The material factors or
      assumptions used to develop such forward-looking statements or
      forward-looking information include that the Company&#8217;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&#8217;s operations are subject.
    </p>
    <p>
      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&#8217;s Form&#160;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.
    </p>
    <p>

    </p>
    <p>
      CONTACT:<br>Hecla Mining Company<br>Mike Westerlund, 800-HECLA91
      (800-432-5291)<br>Vice President &#8211; Investor Relations<br><u>hmc-info@hecla-mining.com</u><br><u>www.hecla-mining.com</u>
    </p>
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