COEUR D’ALENE, Idaho–(BUSINESS WIRE)–Nov. 3, 2009– Hecla Mining Company (NYSE:HL) today reported net income applicable to common shareholders of $22.5 million, or 9 cents per diluted common share, on revenue of $95.2 million in the third quarter of 2009, compared with a loss of $7.2 million on revenue of $68.5 million for the corresponding quarter in 2008. Third quarter silver production was 2.7 million ounces at a cash cost of $0.85 per ounce of silver produced after by-product credits. For the first nine months of 2009, Hecla produced 8.6 million ounces of silver at a cash cost of $3.00 per ounce of silver produced after by-product credits.

Cash flow from operating activities increased 62% to $32.3 million in the third quarter of 2009, compared to $20.0 million for the second quarter of 2009 and $19.0 million in the third quarter of 2008. Excluding dividends to holders of its preferred shares, Hecla reported net income of $25.9 million for the third quarter of 2009, compared to a net loss of $3.8 million for the third quarter of 2008.

Hecla Mining Company President and Chief Executive Officer Phillips S. Baker, Jr., said, “We had one of the best quarters in our hundred-year history generating strong cash flow that increased our current cash balance by $27 million to $85 million. The main driver is the record revenue from acquiring the remainder of the Greens Creek mine which doubled Hecla’s silver production and almost tripled zinc production and increased lead production. In the U.S., Hecla is now the largest silver producer and the second and third largest producer of zinc and lead, respectively. Combined, the Greens Creek and Lucky Friday mines provide Hecla with appreciable scale of production and, with higher metals prices, have increased cash flow to these record levels.”

THIRD QUARTER 2009 HIGHLIGHTS

–Records for revenue, gross profit, income from operations, cash flow from operating activities, lead and zinc production; second highest net income in Hecla’s history
–Silver production of 2.7 million ounces, an 8.5% increase compared to the prior year period
–Cash costs of $0.85 per ounce of silver after by-product credits compared with cash costs of $4.46 per ounce in the third quarter of 2008 and cash costs of $3.38 per ounce in the second quarter of 2009
–Reduced full year guidance for cash costs by 25% to $2.25 per ounce of silver
–Record tonnage throughput at the Lucky Friday mine
–Strong financial liquidity with a cash balance of almost $85 million which has allowed Hecla to fully repay all outstanding debt in the fourth quarter of 2009
–Increased availability of hydropower is expected to reduce Greens Creek costs by approximately $2 million annually compared to costs incurred for power in the first three quarters of 2009

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Hecla Mining Company trades on the NYSE under the symbol of HL and has a market capitalization of $971.99 million with 236.49 million shares outstanding and closed yesterday at $4.18.