Hecla Completes Acquisition of Mines Management

COEUR D'ALENE, ID - Hecla Mining Company reported that its acquisition of Mines Management, Inc. is complete. The acquisition includes the Montanore Project,  a large undeveloped silver and gold project in Montana for which the  final Environmental Impact Statement and Records of Decision were issued  earlier this year. Montanore will remain owned by Mines Management,  which is now a wholly owned subsidiary of Hecla. “Montanore has the potential to be a major silver and copper producer  and we appreciate the support of the local community and Mines  Management for this acquisition,”said Phillips S. Baker, Jr., Hecla’s  President and CEO. “The next step is to complete the permitting so we  can mine in a safe and environmentally responsible way.”  Under the terms of the transaction, Hecla acquired all the outstanding  shares of Mines Management for total consideration of approximately $46  million in Hecla stock.