Latest news with #CoeurdAlene
Yahoo
5 days ago
- Business
- Yahoo
Hecla Mining Company Announces Partial Redemption Notice of 7.25% Senior Notes
Strategic financing approach minimizing shareholder dilution and allowing for acceleration of value enhancing opportunities COEUR D'ALENE, Idaho, August 04, 2025--(BUSINESS WIRE)--Hecla Mining Company (NYSE:HL) announces the issuance of a notice of partial redemption for $212 million of its outstanding $475 million 7.25% Senior Notes due 2028 (the "Notes"). Strategic Capital Optimization During and following the end of the second quarter 2025, Hecla utilized its At-The-Market ("ATM") financing facility to sell approximately 36 million common shares at an average price of $6.10 per share to raise the proceeds to fund the partial redemption of the Notes. This strategic use of the ATM minimizes shareholder dilution compared to traditional equity financing methods, which typically entail large discounts to the share price, while strengthening the Company's balance sheet. Pursuant to the terms of the indenture governing the Notes, the redemption price will equal 101.813% of the principal amount of Notes redeemed. The redemption is expected to occur on or about August 19, 2025, and will be effected on a pro rata basis. This news release does not constitute a Notice of Redemption of the Notes. If you hold Notes, please refer to the Notice of Redemption for redemption instructions and other information regarding the partial redemption of the Notes. In addition to the partial redemption of the Notes, subsequent to quarter end, the Company repaid in full from free cash flow generation its CAD$50 million Senior Notes issued in 2020 to Investissement Quebec, an arm of the Quebec government. "This financing strategy demonstrates our commitment to prudent capital management while positioning Hecla for sustained value creation," said Rob Krcmarov, President and CEO of Hecla Mining Company. "By reducing our debt burden through this efficient capital raise, we're enhancing financial flexibility and creating opportunities for strategic reinvestment in our business to accelerate investments in our potential high-return growth opportunities." Reinvestment in Value Creation The interest savings from this debt reduction strengthens the Company's balance sheet while enabling strategic reinvestment into the highest return opportunities across its portfolio of projects. Capital will be directed toward three key areas that meet the Company's rigorous return criteria: optimizing production at current operations, expanding high-potential exploration programs, and advancing priority development projects. These targeted investments are designed to accelerate value creation from our existing asset base for sustained long-term growth. The Company's mining operations are demonstrating their ability to produce strong free cash flow at today's robust metal prices. If metals prices continue at these levels, the Company expects future free cash flow generation to be sufficient to meet debt service requirements and support continued value-enhancing activities. In addition, proceeds from any future asset divestitures would also be available for further balance sheet strengthening and potential further debt reduction. Balanced Financial Approach This balanced capital allocation approach allows the Company to optimize its capital structure while maintaining operational flexibility and pursue growth opportunities in an accelerated manner. The financing strategy reflects the Company's commitment to operational excellence and strategic development initiatives that drive shareholder value. "Our strong operational free cash flow generation provides us with the financial foundation to both service our debt and invest in growth," added Russell D. Lawlar, Senior Vice President and Chief Financial Officer. "The utilization of our ATM facility to reduce debt positions us well for the future and allows us to capitalize on opportunities within our portfolio, while minimizing dilution to our shareholders." ABOUT HECLA Founded in 1891, Hecla Mining Company (NYSE: HL) is the largest silver producer in the United States and Canada. In addition to operating mines in Alaska, Idaho, and Quebec, Canada, the Company is developing a mine in the Yukon, Canada, and owns a number of exploration and pre-development projects in world-class silver and gold mining districts throughout North America. Cautionary Statement Regarding Forward-Looking Statements This news release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor created by such sections and other applicable laws, including Canadian securities laws. Words such as "may", "will", "should", "expects", "intends", "projects", "believes", "estimates", "targets", "anticipates" and similar expressions are used to identify these forward-looking statements. Such forward-looking statements may include, without limitation: (i) expected timing of the redemption of the Notes; (ii) expected free cash flow generation and uses thereof; (iii) the Company's ability to satisfy its future debt service obligations, including statements regarding future metals pricing; (iv) expected reduction in debt and strengthening of the Company's balance sheet; and (v) expected future opportunities, including high-return growth opportunities and other value creation opportunities. The material factors or assumptions used to develop such forward-looking statements or forward-looking information include that the Company's plans for development and production will proceed as expected and will not require revision as a result of risks or uncertainties, whether known, unknown or unanticipated, to which the Company's operations are subject. Estimates or expectations of future events or results are based upon certain assumptions, which may prove to be incorrect, which could cause actual results to differ from forward-looking statements. Such assumptions, include, but are not limited to: (i) there being no significant change to current geotechnical, metallurgical, hydrological and other physical conditions; (ii) permitting, development, operations and expansion of the Company's projects being consistent with current expectations and mine plans; (iii) political/regulatory developments in any jurisdiction in which the Company operates being consistent with its current expectations; (iv) the exchange rate for the USD/CAD being approximately consistent with current levels; (v) certain price assumptions for gold, silver, lead and zinc; (vi) prices for key supplies being approximately consistent with current levels; (vii) the accuracy of our current mineral reserve and mineral resource estimates; (viii) there being no significant changes to the availability of employees, vendors and equipment; (ix) the Company's plans for development and production will proceed as expected and will not require revision as a result of risks or uncertainties, whether known, unknown or unanticipated; (x) counterparties performing their obligations under hedging instruments and put option contracts; (xi) sufficient workforce is available and trained to perform assigned tasks; (xii) weather patterns and rain/snowfall within normal seasonal ranges so as not to impact operations; (xiii) relations with interested parties, including First Nations and Native Americans, remain productive; (xiv) maintaining availability of water rights; (xv) factors do not arise that reduce available cash balances; and (xvi) there being no material increases in our current requirements to post or maintain reclamation and performance bonds or collateral related thereto. In addition, material risks that could cause actual results to differ from forward-looking statements include but are not limited to: (i) gold, silver and other metals price volatility; (ii) operating risks; (iii) currency fluctuations; (iv) increased production costs and variances in ore grade or recovery rates from those assumed in mining plans; (v) community relations; and (vi) litigation, political, regulatory, labor and environmental risks. For a more detailed discussion of such risks and other factors, see the Company's 2024 Form 10-K filed on February 13, 2025, for a more detailed discussion of factors that may impact expected future results. The Company undertakes no obligation and has no intention of updating forward-looking statements other than as may be required by law. View source version on Contacts For further information, please contact: Mike ParkinVice President – Strategy and Investor Relations Cheryl TurnerInvestor Relations Coordinator Investor RelationsEmail: hmc-info@ Website: Sign in to access your portfolio
Yahoo
28-07-2025
- Yahoo
Idaho man convicted of poaching trophy-size elk that had long eluded ethical hunters
An Idaho man has been convicted of a felony for poaching a trophy-size elk that had eluded ethical hunters for years. Joel Rose, of Coeur d'Alene, was convicted for the unlawful killing, possession and wasting of wildlife after a two-day trial late last month. Idaho Fish and Game announced Monday that Rose used a sophisticated distance rifle to kill the elk during an archery-only season on Sept. 10, 2024. He shot the elk, which boasted a unique antler configuration that made it easily identifiable, on private property in Kootenai County. ALSO: Yellowstone bison fight showcases awesome power of iconic beasts Conservation officers, acting on a tip, searched Rose's residence on Sept. 11 and discovered the elk carcass. 'The investigation revealed that the elk had been killed by two lethal shots from a rifle, and that an arrow had been inserted into the carcass after the animal was already dead,' Idaho Fish and Game explained in a news release. The rifle Rose was said to have used was equipped with a silencer. The rifle, elk antlers and meat, and archery equipment were seized as evidence. 'Additional evidence revealed that Rose had been specifically targeting the trophy-class bull elk during the archery-only season, which overlaps the rutting period for elk in North Idaho,' Idaho Fish and Game stated. 'After the elk was killed with a rifle, Rose posed in photos with the elk with an arrow protruding from the carcass.' A sentencing hearing has been scheduled for August. This article originally appeared on For The Win: Idaho man convicted of poaching famously elusive trophy-size elk
CTV News
23-07-2025
- CTV News
Man who killed Idaho firefighters had been turned away by fire department, Army
The Coeur d'Alene Fire Dept. hangs an American flag to honor the firefighters who were killed Sunday, in Coeur d'Alene, Idaho, on Tuesday, July 1, 2025. (AP Photo/Lindsey Wasson) The man accused of fatally shooting two Idaho firefighters before killing himself last month had tried to join the fire department, and became angry when told he would need to go through training and testing. Wess Roley also tried to join the Army twice — his father was an Army veteran — but was disqualified after failing to follow through on tasks and appointments, Kootenai County Sheriff Bob Norris said Tuesday at a press conference. The new revelations offer a more complete picture of the 20-year-old's resentments. Officials also presented evidence suggesting the attack was premeditated — a goodbye letter to his father they found in his truck and drawings in his home that appear to show a mountain parking lot with a shotgun being fired and a person aiming a rifle at his chin. 'Tomorrow, I shall go to battle,' Roley wrote to his father. 'If I survive, it would be with upmost dishonor. I bid thee farewell.' Next to his signature were two symbols that appear to be runes linked to Nazi ideology. Roley used gas, lighters and flint to start a series of fires at Canfield Mountain on June 29 to instigate a response, then shot at firefighters who asked him to move his vehicle, Norris said. He shot at others from a tree before dying from a self-inflicted gunshot wound, the sheriff said. 'A pure act of evil' 'This was a premeditated ambush, a pure act of evil against the people we look to for help,' Norris said. Killed were Kootenai County Fire and Rescue Battalion Chief Frank Harwood, 42, and Coeur d'Alene Fire Department Battalion Chief John Morrison, 52. Coeur d'Alene Fire Engineer David Tysdal, 47, was hospitalized in critical condition. Investigators hope to learn more from Roley's social media accounts, but it's clear that his frustrations were growing over time, the sheriff said. Roley tried to become a soldier in Arizona in 2023 and again last year in Hayden, Idaho, 'but failed to follow through on tasks and appointments, eventually being disqualified by the U.S. Army,' Norris said. Then, one month before the shootings, Roley went to a Coeur d'Alene fire station asking about becoming a firefighter, Norris said. 'He had the state of mind that he would be able to start that day,' Norris said. 'He was told there's a process — you have a written exam, and a physical agility and a background investigation and an oral interview. The contact became agitated and frustrated. He left there in a very frustrated and agitated state.' Former classmate recalls shooter as aggressive Beyond what the sheriff shared, little is known about Roley's motivation, but Associated Press interviews and court records reveal a troubled early home life and a disconnect from schoolmates, who saw him as an aggressive young man who liked to draw bombs and use firearms. Roley lived with his mother, Heather Caldwell-Cuchiara, and stepfather in Phoenix, Arizona, before moving to northern Idaho to live with his father, Jason Roley, in 2024. Dieter Denen, who went to elementary, middle and high school with Roley, told the AP that Roley's aggression and 'racist' comments made classmates uncomfortable. 'He was really on edge a lot,' Denen said. Roley would say unkind or rude things to people of a different race, culture or religion, he said. 'You'd kind of go, 'what the heck — why would you say that — it's a little messed up to say that," he said. Roley got in trouble for drawing a swastika in a school book, and also liked to draw bombs, planes and 'military things,' Denen said. Roley also bragged about his time in Germany: 'He would always tell me, 'I'm a lot more German in every way compared to you." Denen said he couldn't believe it when a friend texted an article about the shootings. 'It's just so shocking,' Denen said. 'With Wess, he was definitely different when we were younger but it's hard to think that anyone could ever do something like that.' Mother got protection order against his father Court records show his parents, Heather and Jason Roley, were married in San Bernardino, California, in 2008. Jason Roley served in the Army from 2007 to 2015, including two tours in Iraq and one in Afghanistan, and left the service as a staff sergeant, an Army spokesperson said. The family lived in Grafenwöhr, Germany, home to a large U.S. Army base, from 2010 to 2015, when Wess Roley was 5 to 10 years old. Records show his mother filed for divorce after they moved to Phoenix and sought a protection order saying Jason Roley posed a threat to her and their son. Her petition said he was an alcoholic and had been arrested for assaulting her on Oct. 1, 2015. 'He was very intoxicated,' she wrote. 'He was crying inconsolably saying that he was going to commit suicide. Things escalated. He punched several holes in the walls, destroyed my cell phone, pushed me to the ground.' Jason Roley texted her after his arrest saying he was going to kill himself, she wrote. 'Jason verbally threatened me by saying he would be waiting outside with a sniper rifle and burn the place down,' she wrote. 'He said the only thing stopping him from going through with it was going to prison.' 'They did not deserve this' The judge ordered him to stay away from his wife and son and surrender any firearms. 'I am not a danger to my son or anyone else,' Jason Roley responded. 'The plaintiff did not tell the truth in her statement.' The judge apparently believed her after a hearing. His order cited an act of domestic violence and said he might do it again. The protection would continue for the mother, but not their minor child. Three years later, Jason Roley applied for a marriage license, with Sara Peterson. Their social media pages say they're married and live in Priest River, Idaho, near Sandpoint, where Wess Roley had been living before he became homeless. Email and phone messages seeking Jason Roley's comment were not returned. His father, Dale Roley, wrote on Facebook that he's the grandfather. 'I would like give my Condolence's to all those family members who were Unfortunately Victims of yesterdays Crimes,' Dale Roley wrote. 'Those good Brave Firefighters were just doing there Job they did not deserve this!' Martha Bellisle, The Associated Press
CBS News
16-07-2025
- CBS News
Firefighter hurt in Idaho ambush taken to Colorado for medical treatment, is greeted with applause
A 47-year-old Idaho firefighter hurt in a violent attack last month has been taken to Colorado for medical treatment. A video posted on social media Tuesday by South Metro Fire Rescue shows engineer David Tysdal being welcomed at Centennial Airport in the southern part of the Denver metro area. A line of firefighters clapped and cheered for him as he was taken off his plane and taken by ambulance to the medical center where he will receive further treatment. Tysdal was shot and injured in late June when he and a group of other firefighters in the Coeur d'Alene area were ambushed by a man with a shotgun at a place called Canfield Mountain. The group had been called to the area on a report of a fire that was allegedly set by the gunman. Two other firefighters died in the June 29 attack. The suspect was also found dead after an apparent self-inflicted gunshot wound. Authorities are looking into what possible motives of the shooter might have had. Battalion Chief John Morrison and Battalion Chief Frank Harwood were the other firefighters who were the victims in the attack. In a fundraiser website for Tysdal, a message states that he "faces a long and challenging rehabilitation ahead." He was injured by a single gunshot that hit him in the back. He suffered from a collapsed lung, damaged clavicle, shattered ribs and spinal swelling that made him unable to move his legs. In a message posted a week ago on the International Association of Fire Fighters 7th District social media page, fellow firefighters wrote "his spinal cord is communicating from the top to the bottom and we are hopeful movement will return when the swelling subsides."
The Independent
30-06-2025
- The Independent
Idaho shooting latest: Two dead after sniper opens fire on firefighters and police during wildfire emergency
Two people have been fatally shot while responding to a brush fire in a mountain community near Coeur d'Alene, in the western US state of Idaho. Officials say the victims were likely firefighters ambushed as they tackled the blaze on Canfield Mountain. The assailants, possibly using high-powered rifles, remain hidden in dense brush and continue firing from multiple positions, law enforcement officials said. Idaho governor, Brad Little, said 'multiple heroic firefighters' were attacked while responding to the fire. 'This is a heinous direct assault on our brave firefighters,' he wrote on Facebook. 'I ask all Idahoans to pray for them and their families as we wait to learn more.' Authorities say it's still unclear how many shooters were involved, but they are believed to be firing from multiple hidden positions in dense brush. Firefighting efforts have, meanwhile, stalled due to the ongoing threat, and authorities have issued a shelter-in-place order for the residents. Local, state, and federal agencies, including the FBI, are responding to the fire.
