hl20220524_8k.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

Current Report

PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): May 24, 2022

HECLA MINING COMPANY
(Exact name of registrant as specified in its charter)

Delaware	1-8491	77-0664171
(State or other jurisdiction	(Commission File Number)	(IRS Employer Identification No.)
of incorporation)

6500 North Mineral Drive, Suite 200

Coeur d'Alene, Idaho 83815-9408

(Address of principal executive offices) (Zip Code)

(208) 769-4100

Registrant's telephone number, including area code

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $0.25 per share	HL	New York Stock Exchange
Series B Cumulative Convertible Preferred Stock, par value $0.25 per share	HL-PB	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01 Other Events

On May 24, 2022, the Company issued a news release announcing the release of its 2021 Sustainability Report. A copy of the 2021 Sustainability Report can be found on the Company’s website at www.hecla-mining.com. A copy of the news release is attached as Exhibit 99.1 to this Current Report.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit Number		Description

99.1		News Release, dated May 24, 2022.

104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	HECLA MINING COMPANY


	By:	/s/ David C. Sienko
		David C. Sienko
		Vice President and General Counsel

Dated: May 25, 2022

Exhibit 99.1

NEWS RELEASE

HECLA RELEASES 2021 SUSTAINABILITY REPORT

Highlights Include Zero Net Carbon Emissions & Surpassing Energy Intensity Reduction Goals

FOR IMMEDIATE RELEASE

May 24, 2022

COEUR D'ALENE, IDAHO -- Hecla Mining Company (NYSE:HL) today released its 2021 Sustainability Report, highlighting the Company’s environmental, social and governance (ESG) performance and 2022 sustainability targets. The theme of this year’s report is “Building Strong Communities Through Responsible Mining.”

“Throughout our more than 130 years in operation, Hecla’s focus has been on responsible mining practices, safety, and building strong communities where our mines operate,” said Hecla President and Chief Executive Officer Phillips S. Baker, Jr. “We reduced our GHG scope 1 and 2 emissions by 44% over 2019 baseline levels and achieved net zero on scope 1 & 2 emissions in 2021. Our commitment to transparent reporting and sustainability will continue as the United States’ largest miner of silver, a metal that is a key part in decarbonizing our energy sources.”

HIGHLIGHTS OF 2021 SUSTAINABILITY REPORT

•

Climate Change: Achieved net zero on Scope 1 and Scope 2 carbon emissions and reduced emissions by 44% from 2019 baseline levels.

•

Total Energy Intensity: Continued to reduce energy intensity, exceeding multi-year 5% energy intensity reduction goal.

•

Renewable Energy: 99% of electricity used at Hecla’s mines was line power with 70% generated by renewable hydropower.

•

Health and Safety: All-Injury Frequency Rate of 1.45, a 76% reduction since 2012 and 40% lower than the U.S. national average.

•

Community Investment: Total economic impact of more than $700 million in the communities where Hecla operates.

•

Stakeholder Engagement: Conducted first third-party assessment of ESG priority topics.

REPORTING FRAMEWORKS

For the first time, Hecla prepared the Sustainability Report with reference to the Global Reporting Initiative (GRI) Standards. For the fourth year, the Company benchmarked its performance against the Sustainability Accounting Standards Board (SASB) Metals and Mining standards. This is also the second year for the Company to report against relevant aspects of the Task Force on Climate-Related Financial Disclosures (TCFD) as well as against Mining Association of Canada’s Towards Sustainable Mining (TSM) framework, for its Casa Berardi mine in Quebec, Canada.

The full 2021 Sustainability Report, along with the ESG data tables and GRI, SASB, TCFD, and TSM content indices, can be accessed on Hecla’s website here Hecla-2021-Sustainability-Report.pdf.

Hecla Mining Company ● 1-800-432-5291 ● [email protected]

ABOUT HECLA

Founded in 1891, Hecla Mining Company (NYSE:HL) is the largest silver producer in the United States. In addition to operating mines in Alaska, Idaho and Quebec, Canada, the Company owns a number of exploration properties projects in world-class silver and gold mining districts throughout North America.

For further information, please contact:

Anvita M. Patil

Vice President - Investor Relations and Treasurer

800-HECLA91 (800-432-5291)

Investor Relations

Email: [email protected]

Website: www.hecla.com

Hecla Mining Company ● 1-800-432-5291 ● [email protected]