Business Wire·Nov 10, 2026, 6:45 AM ET

Hecla Mining Company Announces Redemption of All Outstanding Shares of Its Series B Cumulative Convertible Preferred Stock

Hecla Mining Company announced the redemption of all outstanding Series B Cumulative Convertible Preferred Stock shares on December 11, 2026.
Each share will be redeemed for $50.00 plus accrued dividends of $0.6806 per share, resulting in a total payment of $50.6806 per share.
Accrued dividends cover the period from October 1, 2026, through the redemption date, with no further regular quarterly dividends declared before the deadline.
Dividend accruals cease on the redemption date, 2026-12-11.
Holders may convert shares into approximately 3.2154 common shares each at a conversion price of $15.55 per share until 5:00 p.m. New York City time on December 10, 2026.
Converted shares will not receive accrued or unpaid dividends, while unconverted shares will be redeemed for cash.
If all 150,736 outstanding shares are redeemed, the total cash cost will be approximately $7.64 million; if all are converted, Hecla will issue approximately 484,700 common shares.
Payments will be processed by Equiniti Trust Company, LLC, with broker-held shares settled through The Depository Trust Company.
Hecla expects to fund the redemption from existing cash on hand.
The company is mailing redemption notices to registered holders, with inquiries directed to Equiniti Trust Company or Hecla Investor Relations.