Hecla Reports First Quarter 2012 Results

Under the "Conference Call and Webcast" heading, second sentence, the phone numbers should be replaced as follows: You may join the conference call by dialing toll-free 1-866-800-8652 or 1-617-614-2705 internationally.

The corrected release reads:

HECLA REPORTS FIRST QUARTER 2012 RESULTS

Hecla Mining Company (“Hecla”) ( NYSE:HL) today announced first quarter net income applicable to common shareholders of $12.4 million, or $0.04 per basic share, and earnings after adjustments applicable to common shareholders of $16.9 million, or $0.06 per basic share. First quarter silver production was 1.3 million ounces at a cash cost of $2.24 per ounce, net of by-products.

FIRST QUARTER 2012 HIGHLIGHTS

• Sales of $91.2 million.
• Net income applicable to common shareholders of $12.4 million, or $0.04 per basic share.
• Earnings after adjustments applicable to common shareholders (a non-GAAP measure) of $16.9 million, or $0.06 per basic share.
• Operating cash flow of $41.4 million.
• Silver production of 1.3 million ounces at a total cash cost (a non-GAAP measure) of $2.24 per ounce, net of by-products.
• Cash and cash equivalents of $279 million at March 31, 2012.
• Lucky Friday rehabilitation advanced approximately 1,500 feet.
• Declaration of quarterly dividend of $0.0225 per share of common stock.
• Announced a share repurchase program.

"During the first quarter of 2012 we continued to invest in Hecla's strong and diversified assets, making excellent progress in the rehabilitation of our Lucky Friday Silver Shaft and record investment in our Greens Creek mine. We also advanced all three major pre-development projects, with the goal of increasing our silver production and reserves by moving into development quickly," said Hecla's President and Chief Executive Officer Phillips S. Baker, Jr.

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