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February 19, 2013
08:04 EDTHLHecla Mining resumes Lucky Friday mine operations and production
Hecla Mining Company announced that its Lucky Friday mine in Idaho’s Silver Valley has resumed operations and production, and is expected to produce approximately two million ounces of silver in 2013. The Company has recalled all employees necessary for Lucky Friday to reach full production. All employees, both returning and new, have received supplemental safety training, with enhanced procedures for risk assessment and accident prevention designed to improve existing safe work practices. Hecla has spent a total of $29.8 million on the rehabilitation of the Silver Shaft and an additional $26.2 million on other Lucky Friday capital projects unrelated to the shaft renovation. As previously reported in December, the Lucky Friday mine was notified of potential PPOV status by MSHA for citations issued in late 2011 and early 2012, prior to the Silver Shaft rehabilitation and other work done at the mine in the past year. The Company continues to work with MSHA and expects to work through the PPOV process.
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