Hecla Mining Co Declares Silver-Linked And Regular Dividends And Announces Stock Repurchase Program

Hecla Mining Co announced its Board of Directors has declared the third consecutive quarterly dividend of $0.0225 per share of common stock for a total amount of approximately $6.4 million. The Company’s Board of Directors has also approved a stock repurchase program. Under the program, the Company is authorized to repurchase up to 20 million shares of its outstanding common stock from time to time, with the purchases expected to occur over the next 24 months. Any purchases made under the Company's repurchase program may be made from time to time in open market or privately negotiated transactions, upon such terms as the Company deems appropriate, commencing at the conclusion of its current quarterly blackout period. All purchases are subject to stock price, market conditions, corporate and legal requirements and other factors. The Company intends to comply with Rule 10b-18 under the Securities Exchange Act of 1934. In the future, repurchases of common stock may be made under a Rule 10b5-1 trading plan. This will allow the Company to repurchase shares in the open market during periods in which the stock trading window is otherwise closed for the Company. The repurchase program may be modified, suspended or discontinued at any time.