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HECLA MINING CO. FILES REGISTRATION STATEMENT FOR $75,000,000 CONVERTIBLE PREFERRED OFFERING

 COEUR D'ALENE, Idaho, April 27 /PRNewswire/ -- Hecla Mining Co. (NYSE: HL) announced today that it has filed a registration statement with the Securities and Exchange Commission relating to the proposed $75,000,000 offering by the company of 1.5 million shares of Series B Cumulative Convertible Preferred Stock.
 The company anticipates that the primary use of net proceeds from the offering will be to pay a significant portion of the capital expenditures necessary to bring the company's Grouse Creek and La Choya gold projects into production. In addition, the company is currently seeking joint venture participants for each of these projects and expects that the proceeds from the sale of the joint venture interests will also be used to help finance a portion of the development costs for Grouse Creek and La Choya.
 The managing underwriters for the proposed offering will be Merrill Lynch & Co. and Salomon Brothers Inc.
 Hecla Mining Co. is headquartered in Coeur d'Alene. During its 102-year history, Hecla has been a leading U.S. producer of silver and lead, and more recently a significant supplier of gold and industrial minerals.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state.
 -0- 4/27/93
 /CONTACT: Bill Booth, manager-Investor and Public Affairs, of Hecla Mining, 208-769-4100/
 (HL)


CO: Hecla Mining Co. ST: Idaho IN: MNG SU: OFR

SW-LM -- SE001 -- 1137 04/27/93 08:31 EDT
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Publication:PR Newswire
Date:Apr 27, 1993
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