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Hecla Enters Into First Nation Cooperation Agreement

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Hecla Mining Company (NYSE:HL) has announced a Cooperation Agreement with the Council of the Abitibiwinni First Nation concerning its Casa Berardi Mine in Quebec. The agreement focuses on enhancing participation through training programs, employment opportunities, and environmental protection. The Casa Berardi Mine employs over 650 workers and underscores Hecla's commitment to respecting Aboriginal culture and environmental stewardship. CEO Phillips S. Baker, Jr. highlighted the mutual goal of protecting the environment while fostering economic opportunities for the First Nation.

Positive
  • Finalization of a Cooperation Agreement provides training and employment opportunities for the local community.
  • Commitment to environmental protection measures as part of the agreement.
  • The Casa Berardi Mine employs over 650 workers, supporting local economy.
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  • None.

COEUR D’ALENE, Idaho--()--Hecla Mining Company (NYSE:HL) is pleased to announce its subsidiary Hecla Quebec, operator of the Casa Berardi Mine, has finalized a Cooperation Agreement with the Council of the Abitibiwinni First Nation (CAFN). Hecla’s 100% owned Casa Berardi Mine is a gold mine located in western Quebec employing over 650 workers.

The Cooperation Agreement provides participation in the Casa Berardi Mine through training programs, employment and advancement opportunities, business opportunities, environmental protection measures and other practices.

"We are very pleased to have reached this agreement with the Council of the Abitibiwinni First Nation because of our mutual desire to protect the environment and our respect for Aboriginal people and their traditional way of life,” said Phillips S. Baker, Jr., President and CEO.

ABOUT HECLA

Founded in 1891, Hecla Mining Company (NYSE:HL) is a leading low-cost U.S. silver producer with operating mines in Alaska and Idaho and is a growing gold producer with an operating mine in Quebec, Canada. 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 10-K 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.

Category: Press Release

Contacts

Russell Lawlar
Treasurer

Jeanne DuPont
Corporate Communications Coordinator

800-HECLA91 (800-432-5291)
Investor Relations
Email: hmc-info@hecla-mining.com
Website: www.hecla-mining.com

FAQ

What is the recent development involving Hecla Mining (HL) and the Abitibiwinni First Nation?

Hecla Mining announced a Cooperation Agreement with the Council of the Abitibiwinni First Nation focusing on employment and training opportunities at the Casa Berardi Mine.

How many workers are employed at the Casa Berardi Mine operated by Hecla Mining?

The Casa Berardi Mine employs over 650 workers.

What are the key components of the Cooperation Agreement related to Hecla Mining (HL)?

The agreement includes training programs, employment opportunities, environmental protection measures, and business opportunities for the First Nation.

What is the significance of the Cooperation Agreement for Hecla Mining and the local community?

The agreement signifies Hecla's commitment to fostering economic collaboration and environmental stewardship in the local community.

Hecla Mining Company

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