United States

Securities and Exchange Commission

Washington, D.C. 20549

FORM SD

Specialized Disclosure Report

 

HECLA MINING COMPANY

(Exact name of registrant as specified in its charter)

 

 

 

 

 

 

Delaware

1-8491

77-0664171

(State or other jurisdiction

(Commission

(I.R.S. Employer

of incorporation)

File Number)

Identification No.)

 

6500 N. Mineral Drive, Suite 200

Coeur d'Alene, Idaho

 

 

83815-9408

(Zip Code)

(Address of principal executive offices)

 

 

 

Russell D. Lawlar

Senior Vice President and Chief Financial Officer

(208) 769-4100

(Name and telephone number, including area code, of person to contact in connection with this report)

Check the appropriate box to indicate the rule pursuant to which this form is being filed, and provide the period to which the information in this form applies:

Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, 2023.
Rule 13q-1 under the Securities Exchange Act (17 CFR 240.13q-1) for the fiscal year ended December 31, 2023.

 

 


 

 

Section 1 – Conflict Minerals Disclosure

Item 1.01 Conflict Minerals Disclosure and Report

Not applicable

Item 1.02 Exhibit

Not applicable.

Section 2 – Resource Extraction Issuer Disclosure

Item 2.01. Resource Extraction Issuer Disclosure and Report

This Specialized Disclosure Form (“Form SD”) of Hecla Mining Company ("Hecla" or the "Company") is being filed in accordance with Rule 13q-1 under the Securities Exchange Act of 1934 (the “Rule”) for the reporting period ended December 31, 2023.

Report on payments to governments for the year ended December 31, 2023

This report provides disclosure of payments to governments made by Hecla and its consolidated subsidiaries for the fiscal year ended December 31, 2023 that meet the Form SD reporting requirements. All payments are reported in United States dollars ("USD"). Payments that were made in currencies other than in USDs have been converted to USD using the applicable exchange rates during 2023.

Disclosure of Payments by Resource Extraction Issuers

The payment disclosure required by this Item 2.01 is included as Exhibit 99.1 to this Form SD.

Recourse Extraction Issuer Disclosure

This Form SD is publicly available on our website, www.hecla.com, under the “Investors” section. The information contained on our website is not incorporated by reference into this Form SD and should not be considered part of this Form SD.

Section 3 – Exhibits

Item 3.01 Exhibits

The following exhibit is filed as part of this report on Form SD.

Exhibit number

 

Description

2.01

 

Interactive Data File (Form SD for the year ended December 31, 2023 filed in XBRL).

99.1

 

Resource Extraction Payment Report as required by Item 2.01 of this Form.

 


 

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the duly authorized undersigned.

 

 

 

HECLA MINING CO/DE/

 

 

 

 

 

Date:

September 25, 2024

By:

 

/s/ Russell D. Lawlar

 

 

 

 

Russell D. Lawlar
Senior Vice President and Chief Financial Officer

 


Resource Extraction Payment Report

 

 

 

 

 

 

 

 

 

 

 

Exhibit 2.01

 

 

 

 

 

 

 

 

 

 

 

 

 

Hecla Mining Company

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the period January 1, 2023 to December 31, 2023

 

 

 

 

 

 

 

 

 

 

Reporting Currency : United States Dollar

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Payments by Payee

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Country

Payee Name

Department, Agency etc. within Payee that Received Payments

Taxes

Royalties

Fees

Production Entitlements

Bonuses

Dividends

Payments for infrastructure improvements

Community and social responsibility payments that are required by law or contract

Total Amount paid by Payee

Notes

Canada

Abitibiwinni First Nation

 

$-

$488,385

$320,583

$-

$-

$-

$-

$-

$808,968

 

Canada

Eeyou Itschee James Bay Regional Government

 

$184,066

 

 

$-

$-

$-

$-

$-

$184,066

Municipal taxes

Canada

Government of Quebec

Finance Ministry

$-

$-

$134,036

$-

$-

$-

$-

$-

$134,036

Permits and claims fees

Canada

Government of Quebec

Revenue Ministry

$5,462,297

 

 

$-

$-

$-

$-

$-

$5,462,297

Mining duties

Mexico

Federal Treasury

Mining General Directorate

$-

$-

$953,445

$-

$-

$-

$-

$-

$953,445

Concession fees

United States of America

Government of the United States of America

Bureau of Land Management

$-

$-

$1,424,000

$-

$-

$-

$-

$-

$1,424,000

Unpatented claims maintenance fees

Additional notes

 

 

 

 

 

 

 

 

 

 

 

 

Note 1. Amounts paid by our Canadian subsidiary were paid in Canadian dollars (CAD) and by our Mexican subsidiary in Mexican Pesos (MXP) and are automatically converted into United States Dollars at the exhange rate on the date of the

transaction. The conversion is automatically performed by the accounting system used by the Company. For reference purposes the average exchange rates for fiscal year 2023 were as follows: 1USD : 1.3497 CAD and 1USD : 17.7634 MXP

 

 

 

 

 

 

 

 

 

 

 

 

 

Payments by project

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Country

Mineral type

Project name

Extraction method

Taxes

Royalties

Fees

Production Entitlements

Bonuses

Dividends

Payments for infrastructure improvements

Community and social responsibility payments that are required by law or contract

Total Amount paid by Project

Canada

Gold

Casa Berardi

Underground and surface mining

$5,646,363

$488,385

$454,619

$-

$-

$-

$-

$-

$6,589,367

Mexico

Silver

Other - San Sebastian

Exploration

$-

$-

$953,445

$-

$-

$-

$-

$-

$953,445

United States of America

Gold

Other - Fire Creek

Exploration

$-

$-

$166,200

$-

$-

$-

$-

$-

$166,200

 

 

Other - Hollister

Exploration

$-

$-

$203,200

$-

$-

$-

$-

$-

$203,200

 

 

Other - Midas

Exploration

$-

$-

$297,800

$-

$-

$-

$-

$-

$297,800

 

Silver

Other - Libby Exploration Project

Exploration

$-

$-

$178,200

$-

$-

$-

$-

$-

$178,200

 

Gold

Other - Monte Cristo

Exploration

$-

$-

$190,200

$-

$-

$-

$-

$-

$190,200

 

Silver

Other - Rio Grande Silver

Exploration

$-

$-

$140,800

$-

$-

$-

$-

$-

$140,800

 

 

Other - Silver Valley

Exploration

$-

$-

$145,600

$-

$-

$-

$-

$-

$145,600

Additional notes

 

 

 

 

 

 

 

 

 

 

 

 

Note 1. Amounts paid by our Canadian subsidiary were paid in Canadian dollars (CAD) and by our Mexican subsidiary in Mexican Pesos (MXP) and are automatically converted into United States Dollars at the exhange rate on the date of the

transaction. The conversion is automatically performed by the accounting system used by the Company. For reference purposes the average exchange rates for fiscal year 2023 were as follows: 1USD : 1.3497 CAD and 1USD : 17.7634 MXP


v3.24.3
Document Information
12 Months Ended
Dec. 31, 2023
Document Information:  
Document Type 2.01 SD
Amendment false
CIK 0000719413
Registrant Name HECLA MINING CO/DE/
Period End Date Dec. 31, 2023
Reporting Currency USD
v3.24.3
Payments, by Category - USD ($)
Taxes
Royalties
Fees
Total Payments
Total $ 5,646,363 $ 488,385 $ 2,832,064 $ 8,966,812
v3.24.3
Payments, by Project - 12 months ended Dec. 31, 2023 - USD ($)
Taxes
Royalties
Fees
Total Payments
Total $ 5,646,363 $ 488,385 $ 2,832,064 $ 8,966,812
Casa Berardi Project        
Total $ 5,646,363 $ 488,385 454,619 6,589,367
Other - San Sebastian Project        
Total     953,445 953,445
Other - Fire Creek Project        
Total     166,200 166,200
Other - Hollister Project        
Total     203,200 203,200
Other - Midas Project        
Total     297,800 297,800
Other - Libby Exploration Project        
Total     178,200 178,200
Other - Monte Cristo Project        
Total     190,200 190,200
Other - Rio Grande Silver Project        
Total     140,800 140,800
Other - Silver Valley Project        
Total     $ 145,600 $ 145,600
v3.24.3
Payments, by Government - 12 months ended Dec. 31, 2023 - USD ($)
Taxes
Royalties
Fees
Total Payments
Total $ 5,646,363 $ 488,385 $ 2,832,064 $ 8,966,812
Canada | Abitibiwinni First Nation        
Total   $ 488,385 320,583 808,968
Canada | Eeyou Itschee James Bay Regional Government        
Total 184,066     184,066
Canada | Finance Ministry Government of Quebec        
Total     134,036 134,036
Canada | Revenue Ministry Government of Quebec        
Total $ 5,462,297     5,462,297
Mexico | Federal Treasury of Mining General Directorate        
Total     953,445 953,445
United States of America | United States of America Bureau of Land Management        
Total     $ 1,424,000 $ 1,424,000
v3.24.3
Payments, Details - 12 months ended Dec. 31, 2023 - USD ($)
Amount
Type
Country
Subnat. Juris.
Govt.
Project
Resource
Ext. Method
#: 1                
$ 488,385 Royalties Canada snj:CA-QC Abitibiwinni First Nation Casa Berardi Project Gold [Member] Underground Mining
#: 2                
320,583 Fees Canada snj:CA-QC Abitibiwinni First Nation Casa Berardi Project Gold [Member] Underground Mining
#: 3                
184,066 Taxes Canada snj:CA-QC Eeyou Itschee James Bay Regional Government Casa Berardi Project Gold [Member] Underground Mining
#: 4                
134,036 Fees Canada snj:CA-QC Finance Ministry Government of Quebec Casa Berardi Project Gold [Member] Underground Mining
#: 5                
5,462,297 Taxes Canada snj:CA-QC Revenue Ministry Government of Quebec Casa Berardi Project Gold [Member] Underground Mining
#: 6                
953,445 Fees Mexico   Federal Treasury of Mining General Directorate Other - San Sebastian Project Silver [Member] Underground Mining
#: 7                
166,200 Fees United States of America   United States of America Bureau of Land Management Other - Fire Creek Project Gold [Member] Underground Mining
#: 8                
203,200 Fees United States of America   United States of America Bureau of Land Management Other - Hollister Project Gold [Member] Underground Mining
#: 9                
297,800 Fees United States of America   United States of America Bureau of Land Management Other - Midas Project Gold [Member] Underground Mining
#: 10                
178,200 Fees United States of America   United States of America Bureau of Land Management Other - Libby Exploration Project Silver [Member] Underground Mining
#: 11                
190,200 Fees United States of America   United States of America Bureau of Land Management Other - Monte Cristo Project Gold [Member] Underground Mining
#: 12                
140,800 Fees United States of America   United States of America Bureau of Land Management Other - Rio Grande Silver Project Silver [Member] Underground Mining
#: 13                
$ 145,600 Fees United States of America   United States of America Bureau of Land Management Other - Silver Valley Project Silver [Member] Underground Mining

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