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The Shareholders Foundation announces that an investigation for investors in Hecla Mining Company (NYSE:HL) shares was initiated over potential securities laws violations in connection with certain statements regarding its Lucky Friday mine.

Investors who purchased Hecla Mining Company (NYSE:HL) shares, including but not limited to those who purchased NYSE:HL between October 26, 2010 and January 11, 2012, have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 – 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Hecla Mining Company (Public, NYSE:HL) concerning whether a series of statements made between October 26, 2010 and January 11, 2012, including Hecla Mining’s business, its prospects and its operations were materially false and misleading at the time they were made.

On April 15, 2011, a fatal accident occurred at Hecla’s Lucky Friday mine in Northern Idaho. The Mine Safety Health Administration (“MSHA”) assembled and sent an accident investigation team to the mine, conducted a physical inspection of the accident scene, interviewed employees, and reviewed documents and work procedures relevant to the accident.

On Nov 18, 2011, Hecla Mining Company (NYSE:HL) reported another accident at its Lucky Friday mine in Northern Idaho on November 17, 2011. The next day Hecla Mining Company disclosed that one miner critically injured at its Lucky Friday mine on November 17, died on November 19, 2011.

On Dec. 15, 2011, Hecla Mining Company announced that another accident happened the day before at its the Lucky Friday mine that injured seven miners. Hecla Mining said the mine was closed pending further investigation and MSHA had been notified.

Then on Dec 21, 2011, Hecla Mining Company (NYSE:HL) announced that it will develop a new haulage way to bypass the rock burst that occurred at the Lucky Friday mine on December 14. Hecla Mining said  it is expected to be complete it by the end of February 2012.

Then on January 11, 2012, Hecla Mining Company  (NYSE:HL) reported that MSHA has ordered the Silver Shaft, a one-mile deep shaft from surface and the primary access to the Lucky Friday mine, closed for removal of built-up material in the shaft. Hecla Mining Company said that compliance with this order is expected to take through year-end.

NYSE:HL dropped from slightly below $6 per share on Jan. 10, 2012 to as low as $4.31 per share on January 11, 2012, less than half of its value one year earlier.

Those who purchased shares of Hecla Mining Company (NYSE:HL) and currently hold those NYSE:HL shares, may have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone:  +1-(858)-779-1554
Fax:  +1-(858)-605-5739
mail(at)shareholdersfoundation.com