Corporate Profile for Hecla Mining, dated May 1, 1998.--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: May 1, 1998
Company Name: Hecla Mining Company
Address: 6500 Mineral Drive
Coeur d'Alene, ID 83815-8788
Main Telephone
Number: 208/769-4100
Internet Home
Page Address
(URL): http://www.hecla-mining.com
President: Arthur Brown
Chief Financial
Officer: John P. Stilwell
Investor Relations
Contact: William B. Booth
Business number: 208/769-4126
Public Relations
Contact: Vicki J. Veltkamp
Business number: 208/769-4144
Trading Symbol/
Exchange: HL/NYSE
Industry: Mining
Company description: Hecla Mining Company mines and processes silver, gold and industrial minerals in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Mexico. Operating properties include the Lucky Friday silver mine in North Idaho, the Greens Creek silver/gold/zinc/lead mine in Alaska, the Rosebud gold mine in northern Nevada and the La Choya gold mine in northern Mexico. Hecla's wholly owned industrial minerals subsidiaries are major suppliers of ball clay Ball clays are kaolinitic sedimentary clays, that commonly consists of 20-80% kaolinite, 10-25% mica, 6-65% quartz. Localized seams in the same deposit have variations in composition, including the content of the amount major minerals, accessory minerals and the carbonaceous , kaolin kaolin (kā`əlĭn): see china clay. , feldspar feldspar (fĕl`spär, fĕld`–) or felspar (fĕl`spär), an abundant group of rock-forming minerals which constitute 60% of the earth's crust. , and decorative landscape rock. Three new projects have positioned the company to significantly lower its costs of production in both gold and silver. The underground Rosebud gold mine, a 50/50 joint venture, began production in April 1997 and is producing gold at a cash cost of well under $180 per ounce. Hecla's Lucky Friday silver mine is on the verge On the Verge (or The Geography of Yearning) is a play written by Eric Overmyer. It makes extensive use of esoteric language and pop culture references from the late nineteenth century to 1955. of doubling production with the discovery and development of a new, higher-grade deposit adjacent to the underground workings of the current mine. Production in 1997 included over 174,000 ounces of gold, 5.1 million ounces of silver and 1 million tons of industrial minerals. In 1998, Hecla is projecting production of more than 7 million ounces of silver and about 110,000 ounces of gold. At the beginning of 1997, Hecla had proven and probable reserves of 800,000 ounces of gold and 72 million ounces of silver. Other resources include another 3.9 million ounces of gold and 99.4 ounces of silver. Hecla employs about 1,250 people across North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Mexico. Approximately 75 are located at the company's headquarters in Coeur d'Alene, Idaho Coeur d'Alene (IPA: [kɚ də liːn]) is the county seat and largest city of Kootenai County, Idaho, United States. , with another 200 people working at the Lucky Friday silver mine near Mullan, Idaho Mullan is a city in Shoshone County in the northern part of the U.S. state of Idaho. The population was 840 at the 2000 census. The town is in the east end of the Silver Valley mining district; the elevation is 3250 feet (990 m) above sea level. . Hecla's chairman, chief executive officer and president is Arthur Brown. Mr. Brown has been with the company for 31 years. He became president of the company in 1986. Hecla Mining Company, a 107-year-old company, is traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol HL. Hecla's home page can be found on the Internet at http://www.hecla-mining.com CONTACT: Hecla Mining Company |
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