COEUR D’ALENE, Idaho--(BUSINESS WIRE)--
Hecla Mining Company (NYSE:HL)
today announced that it has decided not to proceed with its previously
announced offer of $500 million of Senior Notes due 2025, as current
terms and conditions were not sufficiently attractive for the Company to
move forward. In addition, the concurrent tender offer to purchase any
and all of its 6.875% Senior Notes due 2021 has also been terminated.
Questions may be directed to Global Bondholder Services Corporation at
(866) 807-2200 or by email at contact@gbsc-usa.com.
This news release is neither an offer to sell nor a solicitation of
an offer to buy the notes and shall not constitute an offer,
solicitation or sale, nor is it an offer to purchase, or the
solicitation of an offer to sell the notes in any jurisdiction in which
such offer, solicitation, or sale is unlawful.
ABOUT HECLA
Founded in 1891,Hecla Mining Company (NYSE:HL)
is a leading low-cost U.S. silver producer with operating mines in
Alaska, Idaho and Mexico, and is a growing gold producer with an
operating mine in Quebec, Canada. The Company also has exploration and
pre-development properties in seven world-class silver and gold mining
districts in the U.S., Canada, and Mexico, and an exploration office and
investments in early-stage silver exploration projects in Canada.
Cautionary Statements Regarding Forward Looking Statements
Statements made or information provided in this news release that are
not historical facts are "forward-looking statements" within the meaning
of the Private Securities Litigation Reform Act of 1995 and
"forward-looking information" within the meaning of Canadian securities
laws. Forward-looking statements involve a number of risks and
uncertainties that could cause actual results to differ materially from
those projected, anticipated, expected or implied. These risks and
uncertainties include, but are not limited to, adverse conditions in the
United States or global capital markets, other adverse conditions in the
United States or global economy, metals price volatility, volatility of
metals production and costs, litigation, regulatory and environmental
risks, operating risks, project development risks, political risks,
labor issues, ability to raise financing and exploration risks and
results; including that mineral resources are not mineral reserves, they
do not have demonstrated economic viability and there is no certainty
that they can be upgraded to mineral reserves through continued
exploration, and with respect to Hecla’s non-operating and exploration
properties, that few properties that are explored are ultimately
developed into producing mines. Refer to the Company's Form 10-K and
10-Q reports for a more detailed discussion of factors that may impact
expected future results. The Company undertakes no obligation and has no
intention of updating forward-looking statements other than as may be
required by law.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170630005128/en/
Hecla Mining Company
Mike Westerlund
Vice President, Investor
Relations
800-HECLA91 (800-432-5291)
Investor Relations
Email:
hmc-info@hecla-mining.com
Website:
www.hecla-mining.com
Source: Hecla Mining Company