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HECLA IDENTIFIES ENVIRONMENTAL ACCRUALS FOR FOURTH QUARTER

 HECLA IDENTIFIES ENVIRONMENTAL ACCRUALS FOR FOURTH QUARTER
 COEUR D'ALENE, Idaho, Nov. 12 /PRNewswire/ -- Hecla Mining Co. (NYSE: HL; PSE) said today it expects to record an additional accrual of approximately $11 million during the fourth quarter of 1992 for future reclamation and environmental cleanup activities. The accrual would include $2.5 million for anticipated reclamation activities at the Yellow Pine, Idaho, and Durita, Colo., mine sites, and $8.5 million to cover Hecla's share of the cleanup of the Bunker Hill Superfund Site in North Idaho. Hecla's total accrual for that site is expected to be about $12 million, of which nearly $3.5 million had previously been accrued.
 At Hecla's regularly scheduled board of directors' meeting held this week, the company determined to accrue the additional amount for the Bunker Hill Superfund Site, based on the company's current assessment of its potential financial exposure at the site. This assessment followed the issuance of a final Record of Decision for the site by the Environmental Protection Agency and progress made among certain of the companies named as potentially responsible parties regarding an allocation of site cleanup.
 Hecla anticipates that this accrual will cover the company's potential liability at the site and that these funds will be paid out over the next four to five years. Hecla is currently pursuing a claim for recovery and reimbursement of these funds from some of the company's past insurance carriers.
 -0- 11/12/92
 /CONTACT: Vicki Kok, director, Public Relations, of Hecla Mining, 208-769-4100/
 (HL) CO: Hecla Mining Co.; U.S. Environmental Protection Agency ST: Idaho IN: MNG SU:


SW-JH -- SE002 -- 0008 11/12/92 08:31 EST
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Publication:PR Newswire
Date:Nov 12, 1992
Words:274
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