Thieler Law Corp advises investors with losses exceeding $100,000 of the July 23, 2019 lead plaintiff deadline in a class action lawsuit filed against Hecla Mining Company (NYSE: HL) (““Hecla” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of New York and investors, who purchased Hecla Mining Company securities between March 19, 2018 and May 8, 2019, have until July 23, 2019 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Hecla Mining Company securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that the Nevada operations were hemorrhaging cash due to a multitude of material problems identified by Defendants during Hecla's extensive due diligence of the Nevada mines before the Class Period, and as a result of these material problems, Defendants had no reasonable basis for their representations that the Nevada operations would be in a position to have positive or self-funding cash flow.

On May 9, 2019, Hecla revealed its first quarter 2019 financial and operating results as well as a “comprehensive review” of its Nevada operations. The Company revealed that the Nevada operations had experienced a negative cash flow and operating metrics, which could lead to a writedown of the recently-acquired assets. Furthermore, Hecla reported a $25 million net loss for first quarter of 2019 as a result of its Nevada operations.

Following this news, NYSE: HL fell $0.48 per share, or over 23%, over two trading days to close at $1.56 on May 10, 2019.

If you were negatively impacted by your investment in Hecla Mining Company securities between March 19, 2018 and May 8, 2019 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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