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Section 1: 8-K (FORM 8-K)

hl20180430_8k.htm

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

____________________

 

FORM 8-K

 

Current Report Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): April 30, 2018

 

HECLA MINING COMPANY
(Exact Name of Registrant as Specified in Its Charter)

 

Delaware

1-8491

77-0664171

(State or Other Jurisdiction

(Commission File Number)

(IRS Employer Identification No.)

of Incorporation)

 

 

 

6500 North Mineral Drive, Suite 200

Coeur d'Alene, Idaho 83815-9408

(Address of Principal Executive Offices) (Zip Code)

 

(208) 769-4100

(Registrant's Telephone Number, Including Area Code)

N/A
(Former name or Former Address, if changed Since Last Report)

 

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:

 

     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12(b))
     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☐

 

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. ☐

 



 

 

 

Item 8.01  Other Events

 

On April 30, 2018, Hecla Mining Company issued a news release announcing it had reached an agreement with the National Labor Relations Board in settling the unfair labor practice charge brought by the United Steelworkers in March 2017. A copy of the news release is attached as Exhibit 99.1 and is incorporated herein by reference.  

 

Item 9.01  Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit

Number

 

Description

     

99.1

 

News Release, dated April 30, 2018.

 

 

 

SIGNATURE

 

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.

 

Dated:      April 30, 2018

 

 

Hecla Mining Company

 

 

 

 

 

 

 

 

 

 

By:

/s/ David C. Sienko

 

 

 

David C. Sienko

 

 

 

Vice President & General Counsel

 

 

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Section 2: EX-99.1 (EXHIBIT 99.1)

ex_112067.htm
NEWS RELEASE Exhibit 99.1

 

 

HECLA AGREES TO SETTLE UNFAIR LABOR PRACTICE CHARGE RELATED TO THE LUCKY FRIDAY MINE

 

FOR IMMEDIATE RELEASE

April 30, 2018

 

COEUR D’ALENE, IDAHO -- Hecla Mining Company (NYSE:HL) today announced it has reached agreement with the Regional Director of the National Labor Relations Board (NLRB) to settle the unfair labor practice charge filed by the United Steelworkers in March 2017. This settlement resolves the charge, without any admission of fault, penalties, or payment of back wages.

 

This action does not resolve the key differences in the on-going labor dispute, nor put the two sides closer to a contract.

 

As part of the settlement, Hecla has rescinded the terms of its Last, Best and Final Offer implemented in March 2017. Since then, Hecla and United Steelworkers’ representatives have met over 20 times, exchanging proposals and reaching agreement on various language changes. A Revised Final Offer was presented to the United Steelworkers’ representatives in December 2017, which remains on the table. A hearing regarding the terms implemented in March 2017 would therefore be a waste of resources.

 

Hecla's production guidance remains unchanged with no material production expected from the Lucky Friday Mine in 2018.

 

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 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.

 

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. Such forward-looking statements or forward-looking information include statements or information regarding {add text}. 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.

 

                                                      

  Hecla Mining Company ● 1-800-432-5291 ● hmc-info@hecla-mining.com 1
 

 

 

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.

 

For further information, please contact:

 

Mike Westerlund

Vice President, Investor Relations

800-HECLA91 (800-432-5291)

Investor Relations

Email: hmc-info@hecla-mining.com

Website: www.hecla-mining.com

 

                                                      

  Hecla Mining Company ● 1-800-432-5291 ● hmc-info@hecla-mining.com 2

 

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