<SEC-DOCUMENT>0001867048-24-000003.txt : 20240625
<SEC-HEADER>0001867048-24-000003.hdr.sgml : 20240625
<ACCEPTANCE-DATETIME>20240625181725
ACCESSION NUMBER:		0001867048-24-000003
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20240621
FILED AS OF DATE:		20240625
DATE AS OF CHANGE:		20240625

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Clary Michael L.
		CENTRAL INDEX KEY:			0001867048
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08491
		FILM NUMBER:		241070167

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		2087694146

	MAIL ADDRESS:	
		STREET 1:		6500 N. MINERAL DR., SUITE 200
		CITY:			COEUR D'ALENE
		STATE:			ID
		ZIP:			83815

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HECLA MINING CO/DE/
		CENTRAL INDEX KEY:			0000719413
		STANDARD INDUSTRIAL CLASSIFICATION:	MINING, QUARRYING OF NONMETALLIC MINERALS (NO FUELS) [1400]
		ORGANIZATION NAME:           	01 Energy & Transportation
		IRS NUMBER:				770664171
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	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>
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<TYPE>4
<SEQUENCE>1
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<DESCRIPTION>PRIMARY DOCUMENT
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        <issuerCik>0000719413</issuerCik>
        <issuerName>HECLA MINING CO/DE/</issuerName>
        <issuerTradingSymbol>HL</issuerTradingSymbol>
    </issuer>

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        <reportingOwnerId>
            <rptOwnerCik>0001867048</rptOwnerCik>
            <rptOwnerName>Clary Michael L.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>6500 N. MINERAL DR., SUITE 200</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>COEUR D'ALENE</rptOwnerCity>
            <rptOwnerState>ID</rptOwnerState>
            <rptOwnerZipCode>83815</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
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        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Sr. VP &amp; CAO</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <aff10b5One>0</aff10b5One>

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                <transactionPricePerShare>
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            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>Held in 401(k) Plan Account</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
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    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Performance rights</value>
            </securityTitle>
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                    <footnoteId id="F6"/>
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                </transactionPricePerShare>
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            <exerciseDate>
                <value>2027-01-01</value>
            </exerciseDate>
            <expirationDate>
                <value>2027-01-01</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>66397</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
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                    <value>351972</value>
                    <footnoteId id="F7"/>
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        </derivativeTransaction>
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    <footnotes>
        <footnote id="F1">Mr. Clary was awarded (i) 21,574 restricted stock units on June 21, 2021, (ii) 40,632 restricted stock units n June 21, 2022, and (iii) 40,990 restricted stock units on June 21, 2023.  The restrictions lapsed on 1/3 of those vesting units (34,399 shares).  To cover his tax liability, Hecla Mining Company sold 30,634 of those shares.</footnote>
        <footnote id="F2">Consists of 123,893 shares held directly, 120,812 performance-based units, and 107,267 unvested restricted stock units.</footnote>
        <footnote id="F3">Award of restricted stock units that vest as follows:  22,132 shares on June 21, 2025; 22,132 shares on June 21, 2026; and 22,133 shares on June 21, 2027.</footnote>
        <footnote id="F4">See footnote 2.</footnote>
        <footnote id="F5">Held as 761.561 units in Mr. Clary's 401(k) account under the Hecla Mining Company Capital Accumulation Plan, and estimated to be 9,137 shares.</footnote>
        <footnote id="F6">Mr. Clary was awarded performance rights representing the contingent right to receive between $171,638 and $686,660 worth of Hecla Mining Company common stock based on Hecla Mining Company's Total Shareholder Return performance over the 3-year period (January 1, 2024 to December 31, 2026) relative to our peers.  Examples of the potential grant of shares to Mr. Clary under this plan are as follows:  100th percentile rank among peers = maximum award at 200% of target ($686,660 in stock); 50th percentile rank among peers = target award at grant value ($343,275 in stock); and 25th percentile rank among peers = threshold award at 25% of target ($85,819 in stock).</footnote>
        <footnote id="F7">See footnote 2.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Tami D. Whitman, Attorney-in-Fact for Michael L. Clary</signatureName>
        <signatureDate>2024-06-25</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</SEC-DOCUMENT>
