Hecla Mining Enters into New $500 Million Credit Agreement

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The new agreement provides for an option to increase the commitments by up to an additional $100 million. The proceeds of the loans can be used for working capital, capital expenditures, and other general corporate purposes. The new agreement also includes customary financial covenants and restrictions on distributions to security holders. The existing credit agreement was terminated and all outstanding obligations were repaid, satisfied, or replaced.

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About Hecla Mining Company

Hecla Mining Company is a precious and base metals producer focused primarily on silver, gold, zinc, and lead. The company operates a portfolio of underground mines and related assets, supplying concentrates and unrefined dore containing silver and gold to custom smelters, metal traders, and third-party processors. Its key operating segments include Greens Creek, Lucky Friday, Keno Hill, and Casa Berardi, which collectively provide geographic and asset diversification across North America. Hecla Mining Company plays a significant role in the materials sector by supporting industrial demand for silver and base metals, as well as serving the jewelry and investment-grade metals markets. The company’s operations are concentrated in the United States, Canada, and Mexico, with the majority of revenue derived from U.S. activities. Founded in 1891 and headquartered in Coeur d'Alene, Idaho, Hecla Mining Company is recognized as a major participant in the U.S. silver mining industry today.