HL 10-K Annual Report Dec. 31, 2023 | Alphaminr

HL 10-K Fiscal year ended Dec. 31, 2023

HECLA MINING CO/DE/
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TABLE OF CONTENTS
Part IprintItem 1. BusinessprintItem 1A. Risk Factors A Substantial Or Extended Decline in Metals Prices Would Have A Material Adverse Effect on UsprintItem 7. Management S Discussion and Analysis Of Consolidated Financial Condition and Results Of OperationsprintItem 7. Management S Discussion and Analysis Of Consolidated Financial Condition and Results Of Operations - Nevada OperationsprintItem 1A. Risk FactorsprintItem 7. Management's Discussion and Analysis Of Financial Condition and Results Of OperationsprintItem 1. Business - IntroductionprintItem 7. ManagementprintItem 2. Properties - Lucky FridayprintItem 2. PropertiesprintItem 1B. Unresolved Staff CommentsprintItem 1C. CybersecurityprintItem 1a, Risk FactorsprintItem 7. Management's Discussion and Analysis Of Financial Condition and Results Of Operations,printItem 7. Management S Discussion and Analysis Of Financial Condition and Results Of Operations,printItem 7. Management S Discussion and Analysis Of Financial Condition and Results Of Operations - Results Of Operations - Keno HillprintItem 3. Legal ProceedingsprintItem 4. Mine Safety DisclosuresprintPart IIprintItem 5. Market For Registrant S Common Equity, Related Stockholder Matters and Issuer Purchases Of Equity SecuritiesprintItem 6. ReservedprintItem 6. ResprintItem 7. Management S Discussion and Analysis Of Financial Condition and Results Of OperationsprintItem 1A. Risk Factors - Our Mineral Reserve and Resource Estimates May Be ImpreciseprintItem 1A. Risk Factors - Our Profitability Could Be Affected By Inflation, Including The Prices Of Other CommoditiesprintItem 1A. Risk Factors - Our Profitability Could Be Affected By Inflation, Including The Prices Of Other Commodities"printItem 1A. Risk Factors - Operation, Development, Exploration and Acquisition RisksprintItem 7A. Quantitative and Qualitative Disclosures About Market Risk - Commodity-price Risk ManagementprintItem 7A. Quantitative and Qualitative Disclosures About Market RiskprintItem 7. Management's Discussion and Analysis Of Financial Condition and Results Of Operations - Critical Accounting EstimatesprintItem 8. Financial Statements and Supplementary DataprintItem 9. Changes in and Disagreements with Accountants on Accounting and Financial DisclosuresprintItem 9A. Controls and ProceduresprintItem 9B. Other InformationprintItem 9B. Other IprintItem 9C. Disclosure Regarding Foreign Jurisdictions That Prevent InspectionsprintItem 9C. Disclosure RegardprintPart IIIprintItem 10. Directors, Executive Officers and Corporate GovernanceprintItem 11. Executive CompensationprintItem 12. Security Ownership Of Certain Beneficial Owners and Management and Related Stockholder MattersprintItem 13. Certain Relationships and Related Transactions, and Director IndependenceprintItem 14. Principal Accountant Fees and ServicesprintPart IVprintItem 15. Exhibits and Financial Statement SchedulesprintItem 16. Form 10-k SummaryprintItem 16. Form 1printNote 1: The CompanyprintNote 2: Summary Of Significant Accounting PoliciesprintNote 3: InvestmentsprintNote 4: Business Segments, Sales Of Products and Significant CustomersprintNote 5: Environmental and Reclamation ActivitiesprintNote 6: Employee Benefit PlansprintNote 7: Income and Mining TaxesprintNote 8: (loss) Income Per Common ShareprintNote 9: Debt, Credit Facility and LeasesprintNote 10: Derivative InstrumentsprintNote 11: Fair Value MeasurementprintNote 12: Stockholders EquityprintNote 13: Accumulated Other Comprehensive Income (loss)printNote 14: Product InventoriesprintNote 15: Properties, Plants, Equipment and Mineral Interests, and Lease CommitmentsprintNote 16: Commitments, Contingencies, and ObligationsprintNote 17: Subsequent Eventsprint

Exhibits

1.1 Equity Distribution Agreement, dated as of February 18, 2021, by and among Hecla Mining Company and the sales agents party thereto. Filed as exhibit 1.1 to Registrants Current Report on Form 8-K filed on February 18, 2021 (File No. 1-8491) and incorporated herein by reference. 1.2 First Amendment to Equity Distribution Agreement, dated as of February 15, 2024, by and among Hecla Mining Company and the sales agents party thereto. * 2.1(a) Arrangement Agreement dated as of April 5, 2023, by and among Hecla Mining Company, Alexco Resources Corp. and ATAC Resources Ltd. Filed as exhibit 2.1 to Registrants Current Report on Form 8-K filed on April 6, 2023 (File No. 1-8491) and incorporated herein by reference. 3.1 Restated Certificate of Incorporation of the Registrant. Filed as exhibit 3.1 to Registrants Current Report on Form 8-K filed on May 26, 2023 (File No. 1-8491) and incorporated herein by reference. 3.2 Bylaws of the Registrant as amended to date. Filed as exhibit 3.2 to Registrants Current Report on Form 8-K filed on May 26, 2023 (File No. 1-8491) and incorporated herein by reference. 4.1(a) Indenture, dated as of February 19, 2020, by and among Hecla Mining Company and The Bank of New York Mellon Trust Company, N.A., as trustee. Filed as exhibit 4.1 to Registrants Current Report on Form 8-K filed on February 19, 2020 (File No. 1-8491) and incorporated herein by reference. 4.1(b) First Supplemental Indenture, dated as of February 19, 2020, among Hecla Mining Company, as Issuer, certain subsidiaries of Hecla Mining Company, as Guarantors hereto, and the Bank of New York Mellon Trust, N.A., as Trustee. Filed as exhibit 4.2 to Registrants Current Report on Form 8-K filed on February 19, 2020 (File No. 1-8491) and incorporated herein by reference. 4.1(c) Second Supplemental Indenture, dated as of February 6, 2023, among Hecla Mining Company, as Issuer, certain subsidiaries of Hecla Mining Company, as Guarantors hereto, and the Bank of New York Mellon Trust, N.A., as Trustee. Filed as exhibit 4.1(c) to Registrants Form 10-Q for the quarter ended March 31, 2023, filed on April 10, 2023 (File No. 1-8491) and incorporated herein by reference. 4.2 Registration Rights Agreement, dated as of October 16, 2023, among Hecla Mining Company, as Issuer, and Hecla Mining Company Retirement Plan Trust, which is the funding vehicle for the Hecla Mining Company Retirement Plan, a tax-qualified employee benefit pension plan sponsored by Hecla Mining Company, and the Lucky Friday Pension Plan Trust, which is the funding vehicle for the Lucky Friday Pension Plan. * 4.3 Designations, Preferences and Rights of Series B Cumulative Convertible Preferred Stock of the Registrant. Included as Annex II to Restated Certificate of Incorporation of Registrant filed as exhibit 3.1 to Registrants Form 10-Q for the quarter ended March 31, 2018 (File No. 1-8491) and incorporated herein by reference. 4.4 Form of 7.250% Senior Note due 2028 (included in Exhibit 4.1(b). 4.5 Description of Securities. Filed as exhibit 4.4 to Registrants Form 10-K for the year ended December 31, 2022 (File No. 1-8491) and incorporated herein by reference. 10.1 Credit Agreement dated as of July 21, 2022, by and among Hecla Mining Company, Hecla Limited, Hecla Alaska LLC, Hecla Greens Creek Mining Company, and Hecla Juneau Mining Company, as the Borrowers, Bank of America, N.A., as the Administrative Agent for the Lenders, and various Lenders. Filed as exhibit 10.1 to Registrants Current Report on Form 8-K on July 21, 2022 (File No. 1-8491) and incorporated herein by reference. 10.2 Form of Change of Control Agreement entered into on March 5, 2015, between Registrant and each of Phillips S. Baker, Jr., and David C. Sienko, on February 19, 2016 with Robert D. Brown, on August 5, 2019, on March 1, 2020 with Michael L. Clary, on March 1, 2021 with Russell D. Lawlar, on July 1, 2021 with Kurt Allen, and on August 16, 2023 with Carlos Aguiar. Filed as exhibit 10.2 to Registrants Form 10-K for the year ended December 31, 2015 (File No. 1-8491) and incorporated herein by reference. (1) 10.3 Form of Indemnification Agreement dated November 8, 2006, between Registrant and Phillips S. Baker, Jr. Identical Indemnification Agreements were entered into between the Registrant and Charles B. Stanley on May 4, 2007, David C. Sienko on January 29, 2010, Robert D. Brown on January 4, 2016, Stephen F. Ralbovsky and George R. Johnson on March 1, 2016, Catherine J. Boggs on January 1, 2017, Alice Wong on February 26, 2021, Michael L. Clary on March 1, 2020, Russell D. Lawlar on March 1, 2021, Kurt Allen on July 1, 2021, and Carlos Aguiar on August 16, 2023. Filed as exhibit 10.7 to Registrants Form 10-Q for the quarter ended September 30, 2006 (File No. 1-8491) and incorporated herein by reference. (1) 10.5 Hecla Mining Company 2010 Stock Incentive Plan (Amended and Restated as of August 21, 2021). Filed as exhibit 10.1 to Registrants Form 10-Q for the quarter ended September 30, 2021 (File No. 1-8491) and incorporated herein by reference. (1) 10.6 Hecla Mining Company Short-Term Incentive Plan. Filed as exhibit 10.1 to Registrants Form 10-Q for the quarter ended March 31, 2019 (File No. 1-8491) and incorporated herein by reference. (1) 10.7 Hecla Mining Company Executive and Senior Management Long-Term Performance Payment Plan (as Amended and Restated Effective January 1, 2017). Filed as exhibit 10.3 to Registrants Form 10-Q for the quarter ended March 31, 2017 (File No. 8491) and incorporated herein by reference. (1) 10.8(a) Hecla Mining Company Retirement Plan for Employees and Supplemental Retirement and Death Benefit Plan. Filed as exhibit 10.17(a) to Registrants Form 10-K for the year ended December 31, 2008 (File No. 1-8491) and incorporated herein by reference. (1) 10.8(b) Hecla Mining Company Post-2004 Supplemental Excess Retirement Plan Master Plan Document, effective January 1, 2019. Filed as exhibit 10.8(a) to Registrants Form 10-K for the year ended December 31, 2021 (File No. 1-8491) and incorporated herein by reference. (1) 10.8(c) Hecla Mining Company Pre-2005 Supplemental Excess Retirement Plan Master Plan Document, effective January 1, 2019. Filed as exhibit 10.8(b) to Registrants Form 10-K for the year ended December 31, 2021 (File No. 1-8491) and incorporated herein by reference. (1) 10.10 Hecla Mining Company Stock Plan for Nonemployee Directors, as amended. Filed as exhibit 10.3 to Registrants Form 10-Q for the quarter ended June 30, 2017 (File No. 1-8491) and incorporated herein by reference. (1) 19 Hecla Mining Company Policy on Insider Trading. * 21 List of subsidiaries of Registrant. * 23.1 Consent of BDO USA, P.C. * 23.2 Consent of Qualified Person for Technical Report Summary of Greens Creek Mine. * 23.3 Consent of Qualified Person for Technical Report Summary of Lucky Friday Mine. * 23.4 Consent of Qualified Person for Technical Report Summary of Casa Berardi Mine. * 23.5 Consent of Qualified Person for Technical Report Summary of Casa Berardi Mine. * 23.6 Consent of Qualified Person for Technical Report Summary of Keno Hill Mine. * 23.7 Consent of Qualified Person for Technical Report Summary of Keno Hill Mine. * 23.8 Consent of Qualified Person for Technical Report Summary of Keno Hill Mine. * 23.9 Consent of Qualified Person for Technical Report Summary of Keno Hill Mine. * 31.1 Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. * 31.2 Certification pursuant to Section 302 of Sarbanes-Oxley Act of 2002. * 32.1 Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. * 32.2 Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. * 95 Mine safety information listed in Section 1503 of the Dodd-Frank Act. * 96.1 Technical Report Summary on the Greens Creek Mine, Alaska, U.S.A. Filed as exhibit 96.1 to Registrants Form 10-K for the year ended December 31, 2021 (File No. 1-8491) and incorporated herein by reference. 96.2 Technical Report Summary on the Lucky Friday Mine, Idaho, U.S.A. Filed as exhibit 96.2 to Registrants Form 10-K for the year ended December 31, 2021 (File No. 1-8491) and incorporated herein by reference. 96.3 Technical Report Summary on the Casa Berardi Mine, Northwestern Qubec, Canada. * 96.4 Technical Report Summary of the Keno Hill Mine, Yukon Territory, Canada. * 97 Hecla Mining Company Incentive-Based Compensation Recovery Policy. *