August 21, 2014 6:09 PM ET

Metals and Mining

Company Overview of Hecla Greens Creek Mining Company

Company Overview

Hecla Greens Creek Mining Company engages in the exploration and production of silver, gold, zinc, and lead in Southeast Alaska. The company was formerly known as Kennecott Greens Creek Mining Company and changed its name to Hecla Greens Creek Mining Company in April 2008 as a result of its acquisition. The company was incorporated in 1986 and is based in Juneau, Alaska. As of April 16, 2008, Hecla Greens Creek Mining Company operates as a subsidiary of Hecla Mining Co.

P.O. Box 32199

Juneau, AK 99803

United States

Founded in 1986

Phone:

907-789-8100

Fax:

907-789-8108

Key Executives for Hecla Greens Creek Mining Company

General Manager
General Manager
Compensation as of Fiscal Year 2014.

Hecla Greens Creek Mining Company Key Developments

Hecla Mining Co., Hecla Alaska LLC, Hecla Greens Creek Mining Company, and Hecla Juneau Mining Co. Enter into a Ninth Amendment to Second Amended and Restated Credit Agreement

Effective as of April 1, 2013, Hecla Mining Co., together with its wholly owned subsidiaries, Hecla Alaska LLC, Hecla Greens Creek Mining Company, and Hecla Juneau Mining Co., entered into a Ninth Amendment to Second Amended and Restated Credit Agreement with The Bank of Nova Scotia and ING Capital LLC. The Ninth Amendment amends certain provisions of the Second Amended and Restated Credit Agreement, dated as of October 14, 2009, as amended. The Ninth Amendment reduces the commitment amount under the credit agreement to $100,000,000, requires the addition of or reclassification of certain of its subsidiaries as material subsidiaries there under, and increases its ability to incur capital leases to up to $50 million. In addition, the Ninth Amendment amends certain financial covenants in the credit agreement to include the following: Senior Leverage ratio of not more than 2.50:1.00. Leverage ratio of not more than 4.50:1.00 at all times prior to March 31, 2014 and not more than 4.00:1.00 at all times from and after March 31, 2014. Interest coverage ratio of not less than 3.00:1.00. Tangible net worth of greater than 80% of the tangible net worth at completion of the Aurizon Acquisition plus 50% of positive quarterly net income thereafter.

Hecla Mining Co., Hecla Alaska LLC, Hecla Greens Creek Mining Company and Hecla Juneau Mining Co. Enters into an Eighth Amendment to the Second Amended and Restated Credit Agreement with The Bank of Nova Scotia and ING Capital LLC

Hecla Mining Co. announced that on March 8, 2013, together with Hecla Alaska LLC, Hecla Greens Creek Mining Company, and Hecla Juneau Mining entered into an Eighth Amendment to the Second Amended and Restated Credit Agreement, dated as of March 1, 2013 with The Bank of Nova Scotia and ING Capital LLC. The Eighth Amendment amends certain provisions of the Second Amended and Restated Credit Agreement, dated as of October 14, 2009. The Eighth Amendment provides that will not borrow under the Credit Agreement until the commitment letter dated March 1, 2013, issued by the Bank with respect to the acquisition financing committed to by the Bank has been terminated; will keep at least $100 million of cash on hand until the Commitment Letter is terminated; and will begin to work immediately on granting the liens required by the Commitment Letter on the Hecla assets. The Eighth Amendment also increases ability to incur capital leases up to $50 million.

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