Kaplan Fox Launches Class Action to Recover Losses from Investors Who Have Acquired Common Shares of Hecla Mining Company (NYSE: HL)

NEW YORK, May 24, 2019 / PRNewswire / – Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) filed a clbad action lawsuit United States South District District Court of New York against Hecla Mining Company ("Hecla" or "the Company") (NYSE: HL), Phillips S. Baker, Jr. ("Baker"), President and Chief Executive Officer of the Corporation and Director of the Board, Lindsay A. Hall, Senior Vice President of the Company, Chief Financial Officer and Treasurer, and Lawrence P. Radford, Senior Vice President of the Corporation – Operations (collectively, the "Defendants").

The complaint alleges that the defendants have breached Articles 10 (b) and 20 (a) of the Securities Exchange Act of 1934 and the rule 10b-5 promulgated hereunder by the US Securities and Exchange Commission, and is filed by the plaintiffs on behalf of all persons and entities who have purchased the publicly traded Hecla common stock between: March 19, 2018 and May 8, 2019, inclusive (the "clbad period").

The complaint further alleges that "Hecla claims to discover, acquire, develop and produce money, gold, lead and zinc". Sure March 19, 2018At the beginning of the course period, Hecla announced the acquisition of three high quality funds. Nevada gold mines through the acquisition of Klondex Mines Ltd. ("Klondex") for a combination of cash and stocks of a value of $ 462 million. Defendant Baker, President and CEO of Hecla, stated that "Klondex's three operating mines – Fire Creek, Midas and Hollister – are among the richest gold mines in the world" and "[a]After extensive due diligence, we see a significant opportunity to improve costs, throughput and recoveries over time through our expertise. "

According to the complaint, during the appeal period, the defendants falsely and misled the Nevada operations would be "accretive" and cash flows positive, or at least "self-financing", but that was not true. As the Defendants admitted at the end of the Clbad Period, the Defendants knew, through their due diligence, that the Nevada mines faced many undisclosed material problems that would prevent operations from being positive in terms of cash flow or even neutral. Specifically, the defendants were aware of their great due diligence that the Nevada the operations presented material problems in terms of excessive water consumption, availability of equipment, sufficient development to ensure consistent production and lack of characterization of ore types, among others.

In addition, according to the complaint, the May 9, 2019 Hecla shocked investors when, prior to the opening of the market, the Company issued a press release entitled "First Quarter Results of Hecla's Business in Nevada", in which it published a "comprehensive review" of its results. Nevada The operations she described during the teleconference that followed as "just a question, are we going to get the ROI we are achieving".

Sure May 9, 2019, following revelations that Hecla Nevada its cash flows and operations have been subjected to a thorough review to determine the best course of action for its Nevada given the economic difficulties, including the possibility of depreciation, the price of Hecla's ordinary shares decreased by 23.5% over two trading days, compared to a closing price of $ 2.04 by action on May 8, 2019close to $ 1.56 by action on May 10, 2019.

If you are a member of the proposed group, you may move the court no later than 60 days from that day to act as the principal applicant for the proposed group. You do not need to seek to become a lead applicant in order to participate in a possible recovery.

The plaintiffs are seeking damages on behalf of the proposed clbad and are represented by Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com). Our company, with offices in New York, San Francisco, Los Angeles, Chicago, and New Jersey, has decades of experience in pursuing clbad action suits against investors and violations of federal securities laws.

If you have any questions about this notice, the action, your rights or interests, or if you would like a copy of the complaint, please send an email to the attorneys. Robert Kaplan ([email protected]), or Jeffrey Campisi ([email protected]), or contact them by phone, regular mail or fax:

Robert N. Kaplan
KAPLAN FOX & KILSHEIMER LLP
850 Third Avenue, 14th Floor
New York, NY 10022
Toll Free Phone: (800) 290-1952
Telephone: (212) 687-1980
Fax: (212) 687-7714
Email address: [email protected]

Jeffrey P. Campisi
KAPLAN FOX & KILSHEIMER LLP
850 Third Avenue, 14th Floor
New York, NY 10022
Toll Free Phone: (800) 290-1952
Telephone: (212) 687-1980
Fax: (212) 687-7714
Email address: [email protected]

SOURCE Kaplan Fox & Kilsheimer LLP

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